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Show graphically the labor input decisions of the following situations:
a. Competitive labor market and competitive goods (commodity) market.
b. Competitive labor market and monopoly in the goods market.
c. Monopoly in the labor market and monopoly in the goods market.
e. Effect of unions on wages (union being a monopolistic seller of labor market)
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
You buy a used Tesla Model S for $30,000. It is depreciated over 6 years using the straight line method. The salvage value will be $8000. According to the straight line method, what is the book value at the end of year three?
Illustrate what entity establishes a cost ceiling and does it require government sanction for violators. Will it result in a surplus or a shortage.
What effective interest rate should be used for a semiannual (twice per year) payments with an APR=15% compounded weekly? Show all your work
Your consulting firm was recently hired to improve the performance of Shin-Soenen Inc, which is highly profitable but has been experiencing cash shortages due to its high growth rate
Unlike the traditional mortgage amortization schedule, "negative-amortization" mortgages permit the:
Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..
Assume capital depreciates at 10 percent a year. Economy A has 1.000 units of capital while Economy B has 2,000 units of capital. Illustrate what must Gross Investments be in Each Economy to keep capital stocks Constant.
A necessary cost-side condition for a firm to implement a cross-subsidization pricing strategy is:
State whether the following actions will increase or decrease GDP:
q.sharp rises in the cost of milk grain and fresh fruits and vegetables are hitting cafeterias across the country
Tried and True’s accountant (from Problem 1-1) suggests that monthly rent and hourly wage rate also be factored into the productivity calculations. Annandale pays the highest average wage at $6.75 an hour. Tried and True is not sure it can keep all f..
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