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Q. A vice president of a company argues that president of company should raise workers' wages if president wants less absenteeism. President says that wages probably should be cut so that workers could not afford to miss so much work. Evaluate two views utilizing income and substitution effects in your analysis.
Consider a consumer with $10 to spend on these 2 goods where the price of apples is always $2 every.
Illustrate if there were only one supplier of diamonds, elucidate what would be the price and quantity
Discuss how the two cases in this chapter illustrate the major theme of this text: changes in the macro environment affect individual firms and industries.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
Assume that before the price of X2 fell, Fred had exchanged all of his inheritance of X1 and X2 for money, planning to use the money to finance his purchases later, explain how much of X1 & X2 will Fred consume after P2 fell to 1.
Assume that Densa Inc. falls 10 percent short of producing the profit maximizing output. Would a higher product price lead to greater output
Compute the optimal pricing scheme of the iphone, Assume which there are equal numbers of every customer type.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
If the objective is to increase total revenue, should the price be increased or decreased, Explain.
Illustrate what is Nurd's equilibrium level of income. Illustrate what is likely to happen in the coming months if the government takes no action.
This deviation from the classical dichotomy and the Fisher effect is called the Mundell-Tobin effect. Explain how might you decide whether the Mundell-Tobin effect is important in practice.
Determine the impact on the economy if the central bank in U.S. used inflation targeting.
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