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Use a demand and supply model to explain the impact of occupational segregation or "crowding" on the relative wage rates and earnings of men and women. Who gains and who loses from the elimination of occupational segregation? Is there a net gain or a net loss to society? Explain.
Suppose that demand for cartel's oil is given by P=50-.1Q where P is the price per barrel and Q is the quantity produced in barrels. If the cartel's aggregate marginal cost is given by MC= 10+0.2Q what is the cartel's profit maximizing price of oi..
Consider the following information about Adam and Betty who wish to purchase season tickets for football and cricket at the Sydney Cricket Ground: Season ticket for cricket Adam's willingness to pay $100 Betty's willingness to pay $600
Consider A monopolist that faces the constant elasticity demand curve y(p) = p^e where e 0. ASlso assume that the monopolist pays a quantity tax of t > 0. a) verify that the demand curve is in fact of the constant elasticity variety
If Boeing produces 9 jets per month, its long run total cost is $9.0 million per month. If it produces 10 jets per month, its long run total cost is $9.5 million per month. Pick the correct answer from below: a) Boeing exhibits constant return to s..
Assume that Jones deposits $500 in currency into her checkable-deposit account in First National Bank. A halfhour later Smith obtains a loan for $750 at this bank. By how much and in what direction has the money supply changed? Explain.
Illustrate with example of demand for households refrigerator or television set.
Calculate the four-firm and six-firm concentration ratios for the computer industry. Calculate the HHI for the industry. Suppose that Appel Computer and Banana Computer were to merge with no change in the sales of any of the different computers. C..
At its current level of production, a profit-maximizing firm in a competitive market receives $12.50 for each unit it produces and faces an average total cost of $10. At the market price of $12.50 per unit, the firm's marginal cost curve crosses t..
An undergrad research project examines the effects of urbanization on GDP in the developing world. What is the best way to proceed, what assumption must be made, and what limitations are unavoidable
If the market price is $6 per bushel, what must happen to restore equilibrium in the market. Suppose the market price is $14 per bushel. Is there a shortage or a surplus in the market.
Choice (B) is mistaken because payables have few onerous disclosures. Choice (D) is not the case because there is usually no valuation questions regarding payables - they are valued at the cost of the related acquisition unless there is a chance o..
If emission standards are ruled out because of, for example, the impossibility of measuring emissions (as in nonpoint-source emissions), what alternative types of standards might be used instead?
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