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Q1. Consider a monopsony employer in a labour market. Elucidate Explain how a union in this labour market might simultaneously increase the wage rate, employment and led to allocative efficiency.
Elucidate why an individual labour provides curve is backward bending and why the market labour provide curve is upward sloping. In your answer, Elucidate the relationship between an individual labours provide curve and the market labour provide curve.
Q2. Which of the following movements would be consistent with the government budget going from deficit to surplus and the simultaneous enactment of an investment tax credit?
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
Under very high rates of inflation, why would people prefer to use a barter system to buy goods, rather than use paper money.
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Illustrate what is M1 in Iron mania. Illustrate what is M2 in iron mania.
Explain how much does consumption change this year in absolute dollars as a result of a $5,000 annual tax cut to your income, if the tax cut.
The research department of Wilson has discovered a new technology on how to make more durable tennis balls and is considering whether or not to adopt the new technique.
What would happen to the position of the demand curve for dental services if patients had to wait even longer for an appointment with a dentist.
discuss the major types of financial intermediaries in the U.S. and illustrate the differences in the way assets and liabilities are recorded on their balance sheets
Describe the Schumpeterian notion of "creative destruction"
Assume that household consumption decision suddenly become less sensitive to change in the rate of interest.
Find the level of output with the help of calculus, Qrmax, where total revenue reaches its maximum value.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
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