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Show that the FOCs of Lagrangian method fail to give us the solution to the minimization problem. Why not? How should we restore this?
What is the Reserve Army of Labor? What is its role in the determination of the value of labor power?
In recent years, both the United States and Greece have experienced increases in government debt and a significant economic downturn. In what ways were the two situations similar? In what ways were they different? Why did the two nations have differe..
In what ways is the new tax code is a success, and in what ways is it a failure?
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
Compare and contrast the impact of three of these "big events" of the twentieth century for North American business and economics: Mexican Revolution Great Depression Second World War
The market demand function is Q=80-p. Describe the profit maximizing input use, the output price, and the monopolist's profit.
The current tax rate that applies to the firm is 30%. What is the WACC?
Suppose the market for gelato is perfectly competitive, and that gelato is a constant cost industry. The long-run cost function for producing gelato is TC(Q) = Q^3 ? 2Q^2 + 5Q. The demand for gelato is Q = 300 - 2p
q.representative consumers have the utility function ucls lnc ln1- lsrepresentative consumers have labor endowment of
What is the labor market classification of each of the following individuals? Be as specific as possible, and explain your answer. Julie has a graduate degree in mechanical engineering. She works full time mowing lawns. Jeff was laid off from his pre..
Consider a large country importing good X in the international market. The country is large enough to influence the international price for good X. Let the initial international price of good X be $100, where the country imports 100 units and produce..
What are some common business practices that you predict will be considered fads in the future?
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