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a. Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training?
b. Why are workers with good looks paid higher in some jobs, but not in others?
c. A recent report released by the Census and Statistics Department indicates that male workers in Hong Kong, on average, earn more than female workers and the gap of wage differential is widening. Is this evidence of sex discrimination? Justify your answer.
The average cost of tuition plus room and board at a small private liberal arts college is reported to be $8,500 per term, but a financial administrator believes that the average cost is higher. A study conducted using 350 small liberal arts colleges..
Explain why does price equal marginal revenue for the purely competitive firm. what is the relationship to the demand curve for the firm.
Explain how are money cost and opportunity cost related to each other. If markets function well, they are closely related. They are always identical in any economic system.
Last year, $100 million in outstanding bank loans to a developing nation’s government were not renewed, and the developing nation’s government paid off $50 million in maturing government bonds that had been held by foreign residents.
What is this firms total cost function, average cost function, average variable cost function and marginal cost function.
find out the annual prices of oil for the past 5 years. By what percentage is the current price higher or lower than 5 years ago.
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Elucidate what is meant by "double coincidence of wants, and why it poses an impediment to efficient trade in a barter economy.
What analysis might a manager do to learn more about a specific company or industry? Please provide at least three examples. What role does trade have pertinent to how an organization plans strategically?
Suppose that in exactly five years you will recieve a one-time payment equal to $4,000. If the interest rate is 6 percent (compounded annually), approximately how much is this payment worth to you today? In other words, what is the "present value" of..
Suppose in the first quarter of the year, Real GDP was $400 billion; in the second quarter it was $398 billion; in the third quarter it was $399 billion; and in the fourth quarter it was $395 billion. Has there been a recession? Briefly explain how e..
A local cell phone monopoly faces the following monthly inverse-demand for lines from a typical family: P = 100 – 20Q. The total cost to the monopoly is C(Q) = 20Q. This implies that the marginal monthly cost to the monopoly is $20 per line. (Please ..
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