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Q1. Assume the labor demand curve of the firm is W= 20 - 0.01 Ewhere w is the hourly wage and E is the level of employment. The Union's utility function is U= WE
Illustrate wage would a monopoly union demand? Explain how many workers would be employed under the union contract?
Q2. Assume which the policymakers in a closed economy want to increase output without changing interest rates. Illustrate kind of policy mix would you recommend? Explicate your answer and the adjustment processes which take place with the help of an IS-LM diagram.
Jim Bradley is the director of the Bradley bakery. He has collected data on his store for the past year.
How much income gets you into the top quartile or quintile. Discuss the issues of regressive, proportional, and progressive taxation.
The New York City rent stabilization law of 1969 established maximum rental rates for apartments in New York City
Calculate the constant debt-GDP ratio that the country can achieve if the country runs a primary budget deficit of 3%. Is this debt-GDP ratio stable.
The annual operating and maintenance expenses are estimated to be $1,000. If Convington's MARR is 15%, how many years will it take before this machine becomes profitable.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
Suppose that on January 1, the price of one hundred yen was $0.80 and PPP held. Over the year, the Japanese inflation rate was 5 percent and the U.S. inflation rate was 10 percent.
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
Evaluate Rusal's prediction by using the demand and supply equations to make a prediction about the movement of world aluminum price.
Are the assumptions the same as under a simple linear regression. What does TSLS imply about the data if a strong F is found.
Microsoft emerges to have a monopoly with over 90% of the personal Calculator operating market. Why then would it not be charging a monopoly cost.
If today's production of capital goods exceeds the depreciation of capital.
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