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This question concerns labor mobility between countries A and B.
a. Say that country A's MPL = -L + 10 and country B's MPL = 2L + 1. What would be the optimal amount of L? Note: country B's MPL is written in terms of the coordinates of country A.
b. If L was originally 4 (in terms of coordinates of country A), how much does welfare improve when labor migration is allowed?
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the owner-manager of good guys enterprises obtains utility from income(profit)and from having the firm behave in a socially conscious manner, such as making charitable contributions or civic expenditures. can you set up the problem and derive the ..
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Economics 217 - Determine the quantity consumed and supplied domestically if there is free trade and derive the import demand schedule and the export supply schedule.
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A welding machine that costs £4,600,000 is expected to have a life of 5 years and a scrap value of approximately £300,000. Depreciation is first calculated on the basis of the equal installment method.
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