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A firm has two plants, one in the United States and one in Mexico, and it cannot change the size of the plants or the amount of capital equipment. The wage in Mexico is $5. The wage in the U.S. is $20. Given current employment, the marginal product of the last worker in Mexico is 100, and the marginal product of the last worker in the U.S. is 500.
What steps can a government take to ensure that sustainable development is always considered in assessing which major economic projects or investment proposals to accept.
Mining is proposed for a wilderness area that provides two benefits: recreation due to backpacking opportunities and biodiversity there are endangered wildlife and plants.
Illustrate what recording fee would you advise Johnny to demand from the record company.
Illustrate wow would the existence of such insurance affect the amount of clothing that people buy. How would you evaluate this change in behavior from the standpoint of economic efficiency.
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
Illustrate how do they compare to the others on any single set of constitutional issues. Assume the store is open 360 days a year.
Elucidate which methods resulted in the most hits. Elucidate which methods resulted in few or no hits.
The social security system levies a tax on workers and pays benefits to the elderly. Suppose that Congress increases both the tax and benefit.
Elucidate how free market features could be introduced to help improve the problem. As your answer also include a discussion of the risks of introducing market mechanisms.
Assume to there are two segments to the market for rental cars. The Demand for rental cars by trade travelers
Illustrate what economic decision makers determine the demand for labor. What is their goal, and what decision criteria do they use in trying to reach that goal.
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
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