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Capital is often used as a fixed factor of production. Many manufacturing firms cannot operate without a building and equipment. This can also be said about skilled labor. Skilled labor is also a fixed factor of production. For example, what would a hospital do without skilled labor? In the past, there have been several times in which there was a shortage in nurses. If you were in charge of a hospital, what would you do to recruit skilled nurses? How would this affect the shortage of skilled nurses in the long run?
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
Discuss, with the help of Krugman-Obstfeld-Melitz' AA- and DD-curves, the effects of a contractive fiscal policy (a decrease in government spending) on the interest rate, the nominal and real exchange rates, output and the price level.
imagine that you work for the maker of a leading brand of low-calorie frozen microwavable food that estimates the
Describe the difference between the "income effect" of a price increase on quantity demanded and the "substitution effect" of a price increase on quantity demanded. Which effect will depend on whether the good is "normal"
What"s wrong with this way of thinking? “Economists argue that lower prices will result in fewer units being supplied. However, there are exceptions to this rule. For example, in 1972
Calculate profit for each quantity. How much should the firm produce to maximizeprofit?
Assume the military bureaucracy consistently misinforms Congress on total costs of producing military hardware. Suppose that it underestimates the actual costs and that the political representatives believe these estimates.
you have just been hired as the special assistant to the regulatory compliance officer rco at union hospital a large
Some economists have argued that if the government wishes to subsidize health care, it should instead provide predetermined sums of payments (based on the type of health care problems experienced) directly to patients, who then would be free to ch..
Assume that the u.s. has 400 units of K (capital) and 300 units of L (labor) while Mexico has 75 whits of K and 125 units of L. In both countries it takes 3K/L to produce each unit of X but only 2K/L to produce each unit of Y. Which nation has the co..
Discuss how time costs affect health care demand, and speculate on this and possible other reasons for the lower observed per capita demand for health care in the western United States. Suppose a household does not carry health insurance. Can we co..
Employing the new factory would ultimately reduce average total cost and the present value of the gain from employing the new factory must be less or equal to $50 million.
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