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Research shows that as the wages of married women rise, more of them work and they work more hours per year. However, as the wages of their spouse increase, they reduce their labor force participation rate and hours worked (hint: this is like non-labor income). How does the economic analysis you have learned help explain these results?
FSU is using 10 acres of land and 50 tons of cement to produce 1000 additional parking spaces. Land costs $4000 per acre and cement costs $12 per ton. For the input quantities currently being employed, marginal product of land and cement is given by ..
Elucidate what will happen to the equilibrium price and quantity of pizzas sold and why (which curve has changed) for each of the following situations:
In 2000, the SEC proposed new regulations that would limit consulting work by accounting firms. This proposal was not passed by Congress. Do you think the legislators were trying to act in the public interest when they failed to pass this proposa..
Explain how the six external forces could combine/integrate together to have more complex effects on changes in the workplace. For example, technological changes could accelerate reorganization of work. Give some real examples to illustrate the inter..
Martha has the utility function U(x, y) = min {4x,2y}. Write down her demand for x and y as functions of the variables m, px, and py, where m is income, px is the price of x, and py is the price of y.
What is the profit-maximizing p in the case that Godzilla and Macrosoft merge and suppose that Godzilla chooses its price first, and that Macrosoft only picks its price after observing Godzilla's price. Is the equilibrium price of the composite go..
Daniel, a recent college graduate, is on his way home for the Christmas holidays from his new job. He gets caught in a snowstorm and is taken in by an elderly couple, who provide him with food and shelter. After the snowplows have cleared the roads, ..
Shift the curve in the subsequent graph to show the effects of such a training program.
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
Explain your answer the economy experiences an unexpected recession; the price of Good Z increases. The price of Good Y increases; the price of Good Z increases.
Derive an expression for average cost. Derive an expression for marginal costs. Is there any range of production characterized by scale of economies. Elucidate what production level are scale economies exhausted.
q.sensitivity analysis using excellane construction ltd. is considering the acquisition of a new eighteen wheeler.-the
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