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Q. 1. Real wages and productivity-are workers' paychecks keeping up? Over the long run traditionally, real wages grow at about the same pace as labor production. However there has a real compensation per hour which kept up with output / hour over the latest three years shown? Elucidate what you are looking for the nearly current information on percentage changes in output per hour of all persons in the business sector (labor productivity) and percentage changes in real compensation per hour. 2. By origin of the Idea, identify those who gave us the concepts of "monopsony" and "human capital," and explain what those terms mean in your own words.3. In terms of the Supply and Demand for labor, how are the minimum wage and union wages similar and how are they different? Think about the markets for these two and use economic analysis in your answer.
How many DVD's will she have to sell to keep the store open for an extra hour to make profit, if each DVD is $12.
Recent survey of high school students, it was found that the average amount of money spent on entertainment each week. Values are representative of all high school students.
How large is the bias in the CPI due to not immediately incorporating new goods.
Explain why this formulation of consumption may provide a more accurate description of consumption than the simple consumption function that depends only on current income.
We operate 300 days per year and have found that an order must be placed with our supplier 6 working days before we can expect to receive that order.
If she neither borrows nor lends, which project has the higher present value at the interest rate 50%. Which has the higher present value at an interest rate of 5%.
Can you find a Nash equilibrium in pure strategies that is not efficient. Find the sub game perfect equilibrium as a function.
You can suppose any single peaked preference which you want and Characterize the equilibria of the model.
What steps can Congress and state legislatures take to alleviate a serious national shortage of skilled providers. Research suggests medical errors have been linked to inadequate staffing.
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
there is an incumbent monopoly in a market. A potential entrant may enter. Draw the game tree describing the situation?
A competitive firm that is profit maximizing pays a wage. The firm has started marketing its new product.
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