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1. Why is gender (not sex) critical to the study of labor in general?
2. Why is gender (not sex) critical to the study of the global division of labor?
Which mathematical form of model (linear, semi-log or double log) would be appropriate for estimating each of the following? The rate of return from holding a bottle of wine for a year. The price elasticity of demand for squirrel fur.
Empire Electric Company (EEC) uses only debt and common equity. It can borrow unlimited amounts at an interest rate of rd = 9%, as long as it finances at its target capital structure, which calls for 35% debt and 65% common equity. Its last dividend ..
Assume that b=1 and that initially the real interest rate is equal to the marginal product of capital at 4%. As well, assume that v=1/2 and that the inflation rate last period was 2%. If the housing bubble busting causes the share of output of invest..
Suppose the market for smartphones is perfectly competitive with current price being $1OO/phone. If the demand for smartphone increases due to additional features available through higher bandwidth (Think of these as 5-G phones). What will happen in ..
Suppose that government policymakers decide that they will change taxes to raise aggregate output by $400 billion, and mpc = 0.5. By how much will taxes have to be changed?
Elucidate the cutthroat competitor's reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
The market for DVD rentals in Dallas, Texas, is estimated to be P= 10-0.002Q. Marginal cost (MC) of rental is equal to $2. Where PD is the price (per DVD in $) for DVD QD is quantity of weekly rental. The marginal revenue (MR) for rental is equal to
Suppose that Guelph Hospital is a monopsonist employer of nurses. The market supply of nurses is Q^s = 0.01 W - 600, where W is the annual wage of a nurse, in dollars, and Q is the number of people who would accept employment as a nurse. What would t..
Why might college students’ price elasticity for vacation rentals on HHI be 3.0 while active seniors’ price elasticity be 1.0?
An economist estimated that the cost function of a single-product firm is: C(Q) = 60 + 25Q + 15Q2 + 10Q3. Based on this information, determine the following: The fixed cost of producing 10 units of output. $ The variable cost of producing 10 units of..
“Falling oil prices will lead to increased employment, higher wage rates and increased real money balances.” Comment on this statement with the help of an AD-AS diagram and explain the short-run and long-run adjustment processes.
Describe if the demand for the following products is price elastic or price inelastic, and explain your answer.
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