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A new OSHA rule requires that welders be given 2 hour break for every 2 hours of work to prevent carpel tunnel syndrome. Using production theory, explain what will happen to the capital labor ratio in both the short run (when capital is fixed) and the long run (when capital can be changed).
Elucidate what happens to the official measure of GDP in each of the following situations.
If this price floor is implemented, how many units of pork will the government are forced to buy to keep the price at $2.25.
Robert Nozick concluded which no state should provide any services beyond law enforcement.Illustrate what is the equivalent certain income to this bet.
Elucidate why would a system of marketable pollution permits leads to less costly pollution abatement and a higher concentration of polluted areas than a command-and-control system.
The consulting firm McKinsey and Company expects this combination of medical care and tourism in India to approach $2 billion a year by 2012.
Assume that Roscoe's Rascals decided to add the pet food line. A copy company wants to expand construction.
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
What additional programs did the Fed create and implement to facilitate its role as leader of last resort? What was the primary purpose of these new programs?
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
If the price falls to $2, how does quantity demanded change. How does Bert's consumer surplus change. Show these changes in your graph.
The rm must pay a xed cost of $80 if it produces any positive amount, but does not have to pay this cost if it produces no output. Illustrate the smallest integer price that would make a rm willing to produce a positive amount.
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