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The government introduces a new regulation which raises minimum wages of a bakery’s workers. Assuming that the market for bakeries is perfectly competitive, explain the effect of the increased minimum wage on an individual bakery average fixed cost, the average variable cost and the profit maximising quantity.
Crowding out in the loanable fund: what does it mean? Please define: stock, bond, dividend, risk free investment. What are the functions of money? What is the difference between fiat money and commodity money?
The influence of labour unions on wages has been hotly debated over the last decades. Textbook economics would suggest that the introduction of labour unions in wage negotiations would lead to upward wage pressure, reducing employment.
Elucidate how much of the tax is borne by consumers also Elucidate how much by producers. Illustrate what is the new CS also PS.
Explain the essential distinctions among the stages-of-growth theory of development, the Structural change models of Lewis and Chenery.
Calculate the trade balance among the U.S. also China for the period. Analysis by using appropriate examples.
Economic game theory problem: please help me. (Cournot Competition with Differentiated Products) Two firms, A and B, are in Cournot (quantity) competition making differentiated products. Each firm has zero fixed cost and a marginal cost of $10.
Suppose that the economy that we are interested in modeling is not a small open economy, so that the macro variables that describe the external environment have to be treated as endogenous. What additional types of conditions do you think we would ha..
Assume that the short-run cost and demand data given in the table above confront a monopolistic competitor selling a given product and engaged in a given amount of product promotion. Refer to the above table and information. If the firm sells 3 units..
pricing strategy varies significantly across different market structures. the pricing guidelines in a monopoly market
how long would it take to pay back the investment for the required expansion? b. If sales are expected to increase at a rate of 15% per year, how long will it take to pay back the expansion?
Explain how a "rising" American dollar will affect. Since the “meltdown” of 2008, many large companies (such as IBM) have issued more debt (corporate bonds) and used the proceeds for research and development to develop new products/product lines. Eff..
Find the average daily balance for the following credit card account. Assume one month between billing dates using the proper number of days in the month. Then find the finance charge is interest is 1.5% per month on the average daily balance. Finall..
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