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Over the past twenty years, the income gap between workers with college degrees and those without a college education has grown. Draw two supply and demand diagrams, one for workers with college degrees and one for workers without degrees. Now suppose new information technologies raise the marginal product of highly educated workers but do not affect the marginal product of less-educated workers. Use your supply and demand diagrams to illustrate what happens to the wage gap between the two types of workers.
Each member of the family has the opportunity to migrate to the nearest city where there are two different types of jobs. Informal jobs are available to everybody and pay $200. Formal sector jobs are more difficult to get and p..
Derive an expression for the firm's marginal revenue curve. b. To maximize profit, how many lasers should the firm produce and sell per month c. If this number were produced and sold, what would be the firm's monthly profit
Suppose that the demand for high-skill workers lies everywhere above the demand for low-skill workers. Illustrate on a diagram the supply and demand functions for each type of labour, and the equilibrium for each type of worker.
Value Lodges owns an economy motel chain and is considering building a new 200-unit model. The cost to build is estimated at $8,000,000; estimates for motel furnishings will cost an additional $700,000 and will require replacement every 5 years. A..
What are the most important decisions (price, innovation, advertising and so on) on which the firms compete?
A local car dealer is advertising a 24 month lease of a sport utility vehicle for 520 payable at the beginning of each month. the lease requires a 2500 down payment plus a 500 refundable security deposit that is refunded at the end of the 24 month..
Its total cost of production is given by TC = 800 + 18 Q + 2 Q2, and thus its marginal cost is MC = 18 + 4 Q. The market price is currently P = $54. In the short run, what is the volume of output that maximizes Commodity Inc.'s profits.
Develop a searchable question using the PICOT format. (The question is a single statement identifying the components of PICOT.)
This exercise will demonstrate through a simple example how to use maximum likelihood or method of moments to estimate moving average models. Consider the MA(1) model Yt = εt + θεt-1 where εt is iid N(0, σ2)
Why is the capitalization rate important in the housing market? How would lower expected rents in the housing market influence the capitalization rate and what would you expect to happen to investment in the housing market?
What is the lowest-cost approach to reducing 90 units of emission?
Your utility function for present and future consumption is given by U(P,F)=P*F. You earn an income of $50,000 in the present, and will subsequently earn an income of $50,000 in the future. Will you be a net borrower or net saver.
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