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Some industries are dominated by women because women are more productive than men in those industries. For example, mushroom pickers tend to be women because their smaller hands don’t bruise the mushrooms. Often men are able to compete with women in this market by working for lower wages. What would happen if mushroom workers formed a union and required all workers to be paid the same wage rate?
The market demand for another product you are considering selling is Q(p) = 100 ? (1)p and as the 2. only producer of this product your production costs would be C(Q) = 40Q. What is the market price elasticity of demand at the optimal quantity?
What is the opportunity cost of Josephine's trip to the wedding
for a child i living in a particular a school district let voucher be a dummy variable equal to one if a child is
Why is wage labor completely incompatible with feudalism?Is economic life distinctly separate from social and political life?Describe what Smith meant by the "invisible hand". What is the mechanism by which selfish interests are made compatible with-..
monopoly and equilibriuma. helen gets smart and realizes that she is the only pie shop approximately. compute the
Consider the model of Gaynor & Town (2012) in which hospitals choose quality with a fixed price. Recall that the model begins with a demand specification, qj = sj (zj , z\j ) × D(¯p, zj , z\j ), where the hospital’s market share sj is a function of i..
The circular flow of income model shows that
You are asked whether current antipoverty policy meets three generally accepted goals of helping, minimizing cost, preserving work incentives also what changes you would favor and why.
What are the essence of TRIP, TRIM and GATS agreements? What are the implications of these agreements for the development of LDCs?
Suppose that one canister of Pringles costs £25, that of Macadamia Nuts costs $5 per can, and that the relative price of Macadamia Nuts in terms of Pringles is 3 cans per canister. Figure out the following: The dollar-pound exchange rate, i.e. the pr..
How would you characterize the competition (market structure) in the restaurant industry? Are there submarkets? If so, do these submarkets have distinct competitive pressures? How may a restaurant maximize profits?
the united states is experiencing a recession and congress decides to adopt an expansionary fiscal policy to stimulate
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