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Consider an economy that consists of two regions - the East and West. The elasticity of labor demand in each region is -0.5. The economy-wide labor supply is perfectly inelastic. The labor market is initially in an economy wide equilibrium, with 600,000 people employed in the East and 400,000 in the West at the wage of $15 per hour. Suddenly, 20,000 people immigrate from abroad and initially settle in the West. They possess the same skills as the native residents and also supply their labor inelastically.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Assuming that the marginal cost is zero to provide the rides to those in attendance, what is the best pay-per-ride price
Calculate the price and quantity associated with the perfectly competitive outcome.
If the firm needs the service of these machines for an indefinite period also no technology improvement is expected in future machines.
What is the unregulated competitive equilibrium. What is the unregulated monopoly equilibrium.
An intraocular lens manufacturing is in the qualification process of a polishing machine.
Assume in this market all apartments are identical, so there is only one equilibrium rent. Show the rent as $800 per month.
What is the rationale behind the choice of target or acquirer, if appropriate for your opening bid and your overall bidding strategy.
Health officials have suggested that the spread of AIDS can be partly contained if more males use condoms.
Suppose which gross private domestic investment is $800B also the government is currently running over a $400B deficit.
elucidate why not and propose a mechanism that might solve your dilemma.
Canon will receive payment from its dealers on August 28th, 2012. Assuming which Canon needs to cover its expenses in Japan
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