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Q. Submit a 250- to 300-word response addressing two of following labour scenarios in new housing market:
A new law requires that all construction workers in your area belong to a labour union. Will this shift labour supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect cost of building a home (and price of a new home)?
A wave of undocumented workers moves into area. Will this shift labour supply curve, demand curve or both in home construction? How will this affect wages and number of workers in home construction? How will this affect cost of building a home (and price of a new home)?
Due to a recession, demand for housing market decreases. Will this shift labour supply curve, demand curve or both? How will this affect wages and number of workers in home construction?
illustrate what is the real GDP in every yr, given which the price index has risen from 100 to 104.5 in the 1st yr also up to 108.3 in the 2nd yr.
Analyze the current macroeconomic situation and its impact on Walmart and Starbucks. Explore in particular explain how the two companies' respond to the macroeconomic conditions in terms of their.
Cigarettes are also heavily taxed. Illustrate what effect does this tax have on cigarette consumption
Assume an endogenous growth model with labour augmenting technology.
Describe demand and marginal income curves faced by a industry in a purely competitive market. Are they different from those faced by a industry in oligopolistic competition.
Illustrate what is the equilibrium quantity of bananas and tomatoes consumed by Marilyn and Chen.
Before output has had time to adjust, by how much is disposable income reduced. Compute the resulting change in consumption expenditure.
Microsoft wants to sell more copies the additional income from each additional copy it sells.
Compute how this policy affects consumer surplus, and the cost of pollution. Would you recommend this policy.
Describe what a manufacturer of each product might do in the short run to increase production.
Write a formula which describes the marginal product of labour in the short run as a function of the amount of labour used.
Elucidate the entities affected by industrial regulation in terms of market structure. Explain why industrial regulation affects those entities you identified.
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