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Q1. The government of New Holland is experiencing lower energy costs due to new technology in extracting energy sources such as gas and oil. Use the supply and demand model (and a diagram) of the labor market to explain the effect on labor demand and supply and the levels of employment and unemployment, and the real wage.
Q2. Eastman Kodak filed for a bankruptcy in January 2012. Using our analytical framework of nine areas of interest introduced in class explain the main causes of the company's misfortunes
Q3. Assume that the last worker hired of type A serves 100 additional customers per week at a wage of $500 per week and the last worker hired of type B serves 200 additional customers per week at a wage of $1000 per week. Assuming that the company is currently spending its entire budget for labor, should the company alter its current allocation of labor types? If so, how? If not, why?
Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
How does this policy involve the supply and demand for loan able funds. What occurs to the equilibrium interest rate.
What is the impact of opening trade on the real rental on capital.
Conduct a goodness-of-fit test analysis to determine if the proportions of individuals willing to pay more for environmenlal.ly friendly products in the various age groups are equal.
Why would a country such as the United States, which can presumably produce everything it needs itself, choose to trade with other nations?
Your company has immediately acquired another company which has locations in Quebec also Paris.
Converse alternatives to GDP as a measure of economic benefits in a current economy.
In your discussion, differentiate between the taxes that are imposed by local governments and those that are imposed by the state and federal government.
A company manufactures radios. If x is the number of radios that retailers are likely to purchase. Elucidate the revenue function of the manufacturing company.
why do you think drug companies spend so much on advertising for drugs they have a patent on (essentially giving them monopoly power) but so little on drugs with an expired patent when generic alternatives are available
Discuss equations for and graph the variable cost, average variable cost, and marginal cost of cleaning classrooms.
Explain why perfect personalized pricing is typically more profitable than menu pricing.
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