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A family has a target of $1500 for the income that it needs to earn each week. Both adults in the family work at ?exible jobs where they have a choice over how many hours to work. They decide that the relative number of hours they should work should be equal to the ratio of their hourly wage rates. The female earns $20 an hour and the male $15. How many hours does each of them work? What happens when the female gets a 20% wage rise to $24 an hour? What happens if both adults get a 20% pay rise? What does this imply about their income and substitution effects?
Consider a Stackelberg game of quantity competition between two firms. Firm 1 is the leader and firm 2 is the follower. Market demand is described by the inverse demand function p = 100 ? 2Q.
what are the different types of unemployment? how do they affect the economy in terms of growth labor force and price
pareto optimality states a change is efficient as long as at least one person is better off and no people are worse off
Relates to content and skills covered in Week 7 of the Weekly Study Program, Chapter 32 of Ganset al. (2012). Refer here to the comments given for Week 7 for assistance in answering this question.
1. bills bakery has a fire and bill loses some of his cost data. the bits of paper that he recovers after the fire
Redstone's manager is fired, and you are now the manager of Redstone Clayworks. How many fire pits would you choose to produce and why?
In your own words explain and critique, using finance theory, the key points that the authors are trying to communicate. Your review should be two to three pages, not counting the title or reference pages
Consider a family that ranks combinations of household production time (N) and purchased goods and services (Y) according to the formula: U= NY. Suppose the maximum time available in a day is 16 hours, the wage rate is $4 per hour and the fa..
Society and economy have undoubted changed in many ways over the past 100 years. But do these changes add up to a fundamental change from the capitalist system of the 19th century? Discuss with reference to
Prepare a graph that demonstrates the equilibrium position for the Zapit20, as well as any short-term changes that you expect to occur with respect to the supply and demand status of this product - Explain the short-term changes in the market for Z..
Since the beginning of the Great Recession, the Federal Reserve Bank has engaged in expansionary monetary policy (buying US Treasury bonds) with the goal of promoting economic recovery.
Discussion of these issues on the theories and principles in the reading you have done throughout this seminar. This is not a research project. The purpose of the assignment is to demonstrate your knowledge of and ability to apply the principles and ..
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