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Factor mobility means the ease with which a factor can be moved from one form or area of employment to another. There are two aspects to mobility. Movement from one employment to another is called occupational mobility and movement from one place of employment to another is called geographical mobility. The geographical sense of the movement from one place to another is geographical mobility.
What is your reaction to the world of Lucy and Ricky as presented in "I Love Lucy" ? Lucy is a natural character for this era of television, but Ricky was considered somewhat risky because of his birth and background. What is your opinion of his port..
Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. Illustrate what is Ingrid's 2003 salary in 1974 dollars.
In recent decades Americans have increased their purchase of stocks of foreign base companies.
Kermit is considering purchasing a new computer system. The purchase price is $130,725. Kermit will borrow one-fourth of the purchase price from a bank at 10 percent per year compounded annually. The loan is to be repaid using equal annual payments o..
Philip's quasilinear utility function is U=4q1^0.5 + q2. His budget for these goods is y=10. Originally the prices are p1=p2=1. However, the price of the first good rises to p1=2. discuss the substitution, income, and total effect on demand for q1.
q.government budget constrainta write the governments lsquolifetime budget constraint assuming its lifetime is just
N players are competing for a prize of 20 dollars. Who wins the prize is determined as follows. Each player submits a real number between 0 and 100 simultaneously. A player wins if his number is the closest to 2 of the average of the numbers of all N..
Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical life? 4. Use the same number as in problem number 3 except that now assumes there are 6,000. What is the value of 1 statistical lif..
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
The City of Milwaukee is considering suing the manufacturers of handguns and other firearms, on the basis of a “public nuisance.” “Nuisance” is defined under Wisconsin statutes as “any source of filth or cause of sickness.” Does such a lawsuit have m..
This will mean replacing one of the weekly passenger flights with a freight flight
Anthony is considering the purchase of used car. The price, including the title and taxes, is $9,530. Anthony is able to make a $2,530 down payment. The balance, $7,000, will be borrowed from the Credit Union at an interest rate of 9.25% compounded d..
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