Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
Q. Assume labor supply is given by w=10+2Ls, where w denotes the wage. Labor demand is given by w= 100-Ld.
(a) Compute equilibrium labor quantity and the corresponding wage
(b) Now assume the city imposes an environmental tax of $10 per unit of labor firms. Which results companies will now lower their willingness to pay for labor by $10 every employee. The city uses the money to beautify the local parks that magnetize many employees to city. Economic consultant firm finds out the labor supply curve will shift because workers will be happy with a wage which is $16 lower than before the improvement. Compute the new equilibrium wage and the new number of jobs. Compared to (a), will the number of jobs increase or decrease?
Sharp rises in the cost of milk, grain, and fresh fruits and vegetables are hitting cafeterias across the country, forcing cash-strapped schools to raise prices or serve more economical dishes.
Alex's Furniture Mart produces and sells tables in a perfectly competitive market. When Alex's Furniture Mart produces and sells 250 tables.
What does an increase in fixed costs due to the average cost curve of small firms.
if the demand for labor is elastic because the demand for labor will decrease more when you have elastic demand than if demand were inelastic.
Suppose the economy is in a recession and per capita disposable income is expected to decrease by 5%, then what percentage effect on sales would you expect to take place.
Can you tell whether this firm is in a competitive industry. If so, can you tell whether the industry is in a long-run equilibrium.
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
The United Nation's Department of Economic and Social Affairs, Population Division, tracks the total number of foreign-born people by nation.
Explain why a perfectly competitive firm may continue to operate in the short-run even with a loss of profits.
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
Results of drilling are 15 dry holes, 12 gas producers, 18 oil wells, and 20 wells producing both oil and gas.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd