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Use an appropriate diagram, demonstrate and describe briefly how a rise in minimum wage could result in higher employment in a monopolistic labor market. Could a similar rise in employment accompany the rise in the minimum wage if the labor market is not monopolistic? Describe your reasoning.
Consider the marketplace for personal computers. Suppose that the demand is stable: the demand curve doesn't change.
Suppose that no taxes are imposed, Estimate the equilibrium value of GDP if government expenditures are $50 billion and inteneded investment is $50 billion?
Assume that, from an initial consumer equilibrium position, the price of good X falls-explain how and why the consumer's relative consumption of two goods will change.
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Discribe in detail ONE factor of how government involvement in the marketplace can impact or not impact the economy.
The demand curve faced by a industry in a monopolistically competitive industry which is more elastic than the perfectly competitive firm's demand curve.
Over the course of product life cycle, as the firm moves through the sequence of oligopoly, monopolistic competition, monopoly, and pure competition, the profit opportunities diminish.
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
Illustrate what is a fixed exchange rate system. Discuss whether it is basically good or bad, and explain.
Consider the instrumental variable regression model Y i β 0 + β 1 X 1 + β 2 X 1 +u i , where Z i is an instrument
Also address the impact of real GDP, the unemployment rate, and the inflation rate as measured by the consumer price index (CPI).
Discuss and explain some example of supply and demand that you have observed in the real world. Be do not use the example for the questions below, use something else.
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