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The area of common law that makes employers very reluctant to provide information about current or former employees when another employer calls them to conduct a background check is?
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after five years. Maintenance is estimated to be a uniform gradient amount of $181 per year, with zero dollar for first year maintenance. The operation cost is esti..
In the long run, a recessionary gap means that:
Suppose that the labor market is competitive and there are a total of 1,000 black workers and 1,000 white workers (who each supply their labor in elastically). Both black and white workers are equally productive, having constant individual dollar pro..
Market size, location, and openness to trade can help explain why some markets are developing faster than others. In your opinion, what trade theories support the recent rise of China and India on the global stage?
Bill gets utility from consuming food (F) and clothing (C) represented by the following utility function: U(F,C) = FC + F. The price of food is $1 per unit and the price of clothing is $2 per unit. Bill’s income is $22. Find the utility maximizing ch..
Assume initial equilibrium in the domestic automobile market. using supply and demand analysis explain what will happen to both the equilibrium price and quantity if the following happens: You hear on the news that a major technology breakthrough for..
What term best describes the payment which must be offered to a risk-averse individual to willingly accept a gamble?
There is currently 20 identical firms in a perfectly competitive market. Each firm has a cost function of the form: SC(q) = 10q2 +200q + 7000. The market demand is P = -4QD + 3000. Find the short run equilibrium price, market quantity, and firm quant..
What are the National Health Expenditure Analysis trends from 1970 -2003 for Healthcare? What is the magnitude and direction of cost changes within and across each of these categories?
What will happen to the domestic trade balance following a devaluation of the domestic currency? Explain carefully the effects during the pass-through period, and be sure to explain why these effects occur.
If a monopolist can represent the demand of its product as Q = 100 - P and its marginal revenue from sales as MR = 100 - 2Q, where Q is the quantity of production and sales and P is a uniform price charged to each customer, and has a constant margina..
Draw his budget constraint in terms of S and T. What is the slope of the budget constraint and how does it relate to the relative price.
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