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Suppose the cost of acquiring a skill increases and the value of marginal product of skill increases. Draw demand-supply graphs of the labor markets for high-skilled and low-skilled labor to explain what happens to the equilibrium wage rate of low-skilled labor, the equilibrium wage rate of highskilled labor, and the number of high-skilled workers employed.
Based on the kinds of products or services they produce, what kinds of firms or individuals might be attracted to a country, or state, that relies primarily on sales taxes as opposed to income and payroll taxes?
Go Hard has total fixed costs of $2,160 per day. The firm manufactures Go Hard advice kits. The kits have a short-run average variable cost of $48, and all of them can be sold for $66 each. Assuming constant per unit variable costs in the relevant..
You may select more than one condition. You will receive credit for each correct condition. You will lose marks for selecting an incorrect condition.
Example: a strategic objective in the shareholder or financial perspective is to increase market share. A metric to actually measure this strategic objective of market share increase is, "The percentage of increase in market share."
In 2007, Americans downloaded 800 million singles at 99cent and 40 million albums at $10 each. They also bought 3 million singles on a disc at $4.75 each and 500 million albums on discs at $15.
List, explain, and compare the capital budgeting technical tools by which the proposed investment projects are usuallyevaluated for acceptance and allocation.
Some people argue that the MINIMUM WAGE by pricing many unskilledteenagers out of the labor market, cause them to turn to sellingdrugs. After all, if a person can't get a job legally, they willget one illegally. The alternative is to starve.
a firm faces a demand cure, p=80-3q, and has a cost equation c=200+20q Find the optimal quantity and price for the firm, now suppose that demand changes to p=1103Q. find the new optimal and quantity. has there been an increase or a decrease in dema..
Labor Supply a. Ann's utility can be represented by the function: U (C,L) = ln (C-10) + 3/5 ln(L). She has 16 hours/day to divide into work (H) and leisure (L). She has no unearned income. Derive the formula for her Marginal Rate of Substitution a..
suppose that the money demand is given by md py0.25 ? i suppose that nominal income is 100 and wealth is 500 and that
In particular, you love vanilla ice cream, and you love chocolate ice cream, but you love vanilla just a little bit more. Your ice cream utility function is given by U(V,C)=1.5V+C. Assume vanilla ice cream costs $2/gallon.
Suppose that you expect to sell about 22,000 cookbooks per month online, and assume that your overhead, technology, and equipment costs are fixed. What are your total costs What are your marginal costs
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