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a) Why and how might education have externality effects?
b) In our discussion of education and wages, we assumed that education raises a worker's wage by increasing the amount of output he or she can produce. Suppose that we instead believe that more-educated workers earn higher wages for reasons that have nothing to do with their productivity. For example, suppose that educated and uneducated workers both produce the same amount of output, but that educated workers earn more because they can steal part of what the uneducated produce. If this were true, how would it affect the analysis of education differences among countries?
use an aggregate demand ad and aggregate supply as model short run model to analyze this problem. do not use a
A theater that shows the same movie to large families and to individuals and couples. (Hint: For which set of people will the overall expense of a movie be a larger part of their budget, so that demand is more elastic)
suppose you have the opportunity to acquire a taxi license that gives you the right to operate a taxi cab. the
a.) Illustrate using a fully labeled supply and demand graph (label all the axes and any lines you put in your graph) what such an artificial price looks like. b.) Explain what the results of such a move are for the graham cracker market. ..
suppose that it costs microsoft 100to develop a new version of microsoft office and that it costs microsoft 20 to
Keeping the Law of Diminishing Returns in mind, comment on the quality of teaching and learning that occur when a resident successively works her 60th, 70th, 80th and 90th hours in a week.
Is it possible for companies both to maximize financial value for shareholders and to act responsibly in the communities in which they operate. Cite examples of companies that are doing so.
sometimes a bidder on a work contract may bid lower than what would maximize hisher profitfrom the contract and the
income statement for sizzling foods inc. is shown belownbspnbspnbsp2011nbsprevenuesrevenue from sales of goods and
describe the short term effect in terms of the mix of production inputs and the overall level of output in detail of
Compare the equilibrium levels of consumption C, government spending G, and planned investment I in Parts g and h. Based on this comparison, why might some economists prefer expansionary fiscal policy while others prefer expansionary monetary polic..
Describe the relationship between unemployment and real and nominal wages. Which is more important and why What effects would either an increase or decrease in unemployment have on wages
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