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Supposethat owners of high-rise office buildings are the main employers ofcustodial workers in a city. The city has decided to imposerent controls, and it has established a rent ceiling below theprevious equilibrium rental rate for offices throughout the city.
a. How will the quantity ofoffices the building owners lease change?
b. How will the market wage andequilibrium quantity of labor services provided by custodialworkers be affected by the imposition of rent controls?
(a) Indicate whether this production function exhibits constant, increasing, or decreasing returns to scale. (b) Does the production function exhibit diminishing returns If so, when does the law of diminishing returns begin to operate.
Illustrate what are economic influences which affect the organization in a negative way.
Give an example of a fairly major purchasing decision you've made in your lifetime. How did you justify the purchase.
Use the following information to answer following questions, Compute the value of the price index for GDP for 2005 using 2004 as the base year. By what percent did prices increase?
Elucidate why is it that market leaders and monopolies generally acquire rather than develop new technology.
Explain why do organization which bundle products and services have an advantage over those that don't or can't offer this option.
Explain how many units of the variable innpout should be used to maximize profits. What are the maximum profits this firm can earn.
Higher unemployment caused by ression and higher prices have contributed to substantial reduction during 2008 in the number of vehicles on bridges, roads, and in tunnels.
Explain the effectiveness of the exchange rate regime being used in terms of achieving macroeconomics objectively in South Africa and discuss any four macroeconomics objectives which can be used to judge the performance of the economy.
The president of a small industry has been complaining to his controller about rising labor and material costs.
Draw the PPF. If new technology in computer production is invented and adopted, what will happen to the PPF. Find the opportunity cost of first 4 units of computer.
Explain how relevant to the real world do you believe this result is in the "contestable markets" view of the competitive process.
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