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The Happyland Hospital is a monopsonist employer of nurses in the small city of Happyland. The supply function of nurses is S(W) = 0.1W- 100, whereWis the nurses' weekly wage. What is the hospital's marginal expenditure, ME? If the hospital's marginal benefit is $2000 per week no matter how many nurses it hires, what is the profit-maximizing number of nurses for the hospital to hire? What will the nurses' wage be? What is the deadweight loss?
The United States Bureau of Census publishes employment statistics and demand forecasts for many occupations.
Suppose foreigners spend $7 billion on U.S exports in a specific year and Americans spend $5 billion on imports from abroad in the same year, what is the amount of the United States net exports?
What is the reality about marginal factor cost for a firm hiring labor in a perfectly competitive labor market?
Define Q to be level of output produced and sold, and suppose that the firm's cost function is given by the relationship;
Describe the cutthroat competitors reasons for not raising or lowering his price, thereby accounting for the kink in his demand curve.
1.what factors are important in determining the length of the imitation lag and the length of the demand lag?
For which tasks, or situations, might they best be applied? Do you think that AI systems will someday play a greater role in the design of databases and data warehouses? Why or why not?
Why must the total value of expenditures in the economy be equal to total income? Is the value of intermediate goods and services included in GDP? Explain.
The problem is related to economics, mainly to macroeconomics and it is explains the Changes in currency supply and demand can be traced back to changes in fundamental supply and demand in foreign and domestic.
How much ice cream would you expect to be left in the box after scooping out one scoop of ice cream? That is, find the expected value of X a^ ´LS? Y . What is the standard deviation of the amount left in the box?
Illustrate what is the cost of the same basket of goods and services in 2005.
Research trade between the United States and another country in any one of the following areas: customer support services, garments, medical services, or technical products. Discuss the following points a. How is this trade arrangement beneficial
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