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It seems most everything we buy these days has the label "made in China". China has become the second largest world economy, and one of the fastest growing in the world. Discuss the factors that have allowed China to become such a large economy, and the challenges China is likely to face in the near future.
Explain what is meant by the hedonic wage function for a job characteristiv such as the probability of an injury. Go on and explain how the function can be deruved from worker prefernces and production technologies.
a best-selling author decides to cash in on her latest novel by selling the rights to the books royalties for the next
From the scenario, assuming Katrina’s Candies is operating in the monopolistically competitive market structure and faces the following weekly demand and short-run cost functions:
which would be least likely to cause the production possibilities curve to shift to the right a. an increase in the labor force b. improved methods of production c. an increase in the eduction and training of the labor force d. a decrease in unemploy..
The impact of a decrease in the price of memory chips on the market for computers and impact of the government imposing a price ceiling on apartment rents
questiona let the utility function be u logx - l where l is labour and x is consumption. find the level of labour
Although the company does not have the resources needed to supervise the workers, a full time inspector verifies the quality of each unit produced before a worker is paid for his or her output.
Discuss how the rights of those in the public sector differ from those in the private sector, and how it affects overall public sector productivity.
What will be the equilibrium price? What will be the equilibrium output for the industry? For each firm? What will profit or loss be per unit? Per firm? Will this industry expand or contract in the long run?
Assume that you are leaving a message in a time capsule to be opened 100 years from now. Formulate a message you leave regarding the economic times of your lifetime and what could have been done to make our economy better.
How do individual firms in a perfectly competitive industry respond to an increase in the market demand for the product? Would advertising by individual firms in this type of market provide any benefits?
problem 1. perfect competition consider an industry in which there are 10 identical firms and 1000 identical consumers.
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