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Q. Suppose labour demand curve of firm is W= 20 - 0.01 E where w is hourly wage and E is level of employment. Union's utility function is U= WE illustrate what wage would a monopoly union demand? Explain how many workers would be employed under union contract?
Compute the numerical elasticity of long-run demand. Is it unitary, elastic, inelastic, etc. Explain why would consumers demand 0 minutes in the long run if the price was $.30 per minute.
Explain how does one construct a linear (or other mathematical program) to solve a competitive or walrasian equilibrium problem.
Consider a monopolist informal moneylender and competitive formal creditors who lend to farmers. illustrate what are the interest rates.
Find out a product and describe its price elasticity and income elasticity. How much control might an organization have over pricing based on a product's elasticity.
What output market with the appropriate starting position and show what effect the contractionary policy would have in the output market.
Will the brothers gain if they specialize. Illustrate your answer with an example.
A persone has a choice between an apple or an orange. the persone chooses the apple. Elucidate what is the opportunity cost of choosing the apple.
By choosing to right of mid point but to left of republican agenda democrats would get more than half of votes and win What happens if democrats have a fairly socialist party agenda and locate to left of midpoint.
Draw and show the change in the PPF when an outbreak of avian flu sickens millions of agricultural and industrial workers.
Academic researchers usually develop more complex also eworkerate models than applied researchers.
Following issues will be addresses: strength of dollar on domestic and global economies, profits from tariffs or quotas and losses from tariffs or quotas.
Why would unemployment also job rationing the consequences of setting a minimum wage of 2 dollar every hour in this marketplace
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