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Training and Friction. Assuming diminishing marginal product of additional workers and diminishing marginal product of additional hours-per-worker, how would a profit-maximizing arm adjust its mix of workers and hours-per-worker in response to [ceteris paribus]:
(a) A new user-friendly computer system reduces training time by one-half?
(b) New legislation requiring workers be paid 50% extra per hour worked (i.e., time and one-half) on weekends and after 5 p.m. during the week?
Why might investment not respond positively to low interest rates during a recession? Why might investment not respond negatively to high interest rates during a boom?
the city government is considering two tax proposals- a lump-sum tax of 300 on each producer of hamburgers.- a tax 1
Price will increase; quantity cannot be determined. (Assume CD players are normal goods.) Which of following will happen to equilibrium price and equilibrium quantity for CD players
Using the supply-and-demand model, explain what would happen to the supply curve during a drought. Also explain the effect on the price of water as illustrated by the graph.
Jessica Alba, a famous actress, starts the baby and family products business, The Honest Company, with Christopher Gavigan. Describe a skimming price and a penetration price, and advise them whether they should charge a skimming price or a penetratio..
An increase in autonomous investment will cause equilibrium output to increase
Dairies make low-fat milk from full-cream milk. In the process of making low-fat milk, dairies produce cream, which in turn makes ice cream. In the market for low-fat milk, Provide three everyday examples to illustrate what we mean by choosing at the..
Now assume there are 6,350 employees and probability of dying is still 1in 5,000. What is the value of 1 statistical life?
To make the financial markets safer, the Canadian government proposes tightening the rules for making a loan. Such rules require higher borrower creditworthiness and shorter pay-back periods. Analyze this proposal in a supply and demand for loan able..
Is it possible that both goods are normal? That both are inferior? That good 1 is normal? That good 1 is inferior? That one of these goods is inferior and the other normal?
How might it be possible for the unemployment rate to still increase? Provide an example, i.e., provide a scenario with numbers, to support your answer
semiconductor chips are used to store information in electronic products such as personal computers. one of the early
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