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Some economists and legislators argue that there is no unemployment problem (per se) in the United States or Europe. Globalization, in which U.S. firms close their American factories and create factories, call centers, and other facilities in other countries, would seem to support the "no such thing as unemployment" hypothesis. The same argument can be made for airline machinists or General Motors autoworkers who refuse to lower their wages and benefits at the risk of losing their jobs.
Explain what are the two main efficiency considerations from price discrimination (that is, the effect price discrimination has on welfare depends on which two key things).
Diesel Locomotive are extreamley durable. The price of a new locomotive is $450,000 and if it is overhauled every 15 years at a cost of $75,000 it can be operated indifinetly. Annual operating cost (fuel, labor) are estamated at $150,000 a year. What..
A firm in a purely competitive industry is currently producing 1,000 units per day at a total cost of $450. If the firm produced 800 units per day, its total cost would be $300, and if it produced 500 units per day, its total cost would be $275. If e..
The risk-free rate of return is 3.5 percent. Illustrate what is the current value of one call option on this stock if the exercise price is $40.
An engineer deposits $880 each month into a retirement account. After 30 years, the balance in the account is $1.9 million. Determine the effective annual rate of return for this account.
In the international environment, it is apparent that China is making large investments in the global financial markets in their shift away from exports. Is there a connection between China's exports and its financial investments in other countries?
Derive the degree of homogeneity of the production function given by (I). Show all steps in deriving your answer - prove that the fiumtion in (1) above is strictly concave on R++.
select a new good or service for an existing business or a business that you want to develop. write a 2500- to
How does capital investment affect the marginal physical product of labor? Does more college education have the same kind of effect? Which is a better investment?
The more bowed out the Lorenz curve, the
P Company acquired 27,000 shares of the common stock of S Company on 1/1/15, for $710,000 cash. The stockholders’ equity section of S Company’s balance sheet on that date was as follows: What is the “REAL” journal entry to record the stock acquisitio..
The distinction between efficiency and equality can be described as follows:
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