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How the incentive to produce for workers and/or firms may be affected by this event? How efficiency and equity for workers and/or firms are affected by this event? Macroeconomic Events Event 1: The government passes a law allowing states to pay unlimited unemployment benefits to all unemployed workers for an unlimited amount of time. Event 2: The federal government increases the restrictions on the immigration of skilled workers
Is the price system a "just" or "fair" way to allocate products: What about medical Services-What are substitution and income effects related to the Law of Demand?
Important member of the Board of Directors only have some basic training in economics. So you should explain your results intuitively and use the language so that people with only intro level economics can easily follow.
Describe the economic situations when your position can be successfully implemented and when it may be doomed to failure.
Explain the differences among the long run and short run aggregate supply curves. Consider these differences and explain how an expansionary gap occurs.
Elucidate why the U.S. would subsidize the short run cost of production for tobacco farmers in foreign countries.
The per-unit cost of an item is its average total cost (= total cost/quantity). Suppose that a new cell phone application costs $150,000 to develop and only $0.5 per unit to deliver to each cell phone customer.
A New Hampshire resort offers year-round activities: in winter, skiing and other cold-weather activities; in the summer, golf, tennis, and hiking. The resort's operating costs are essentially the same in winter and summer. Management charges highe..
Our large companies seem to be largely run by hired managers who work for salaries and who are not owner-entrepreneurs.
Explain why are there significant disparities in the cost of living throughout the US.
The corresponding average total cost is $3.50 and total fixed costs equal $1,250. Based on this information, should this firm continue to operate in the short run? Please explain why your answer is yes or no.
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function: u(x1; x2) = 1 - (x1 4)^2 - (x2 3)^2
Mable has balanced the cost against the benefit of bringing a lawsuit against Harvey. She has decided to sue him for monies owed to her as per a contract the two entered into. However, she would much rather settle her case at the pretrial hearing.
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