User Account

All Pages

Suppose that a new law requires

Assignment Help Business Economics
Reference no: EM13148331

Suppose that a new law requires every firm to provide its workers with free parking spaces. These spaces are worth $200 per year to workers, but cost firms $500 per year to provide. Show how this law affects the workers' labor supply curve, the firms' labor demand curve, and the market-clearing wage. Does the wage go up or down? Does it change by more or less than $200 per year? Does it change by more or less than $500 per year?

Reference no: EM13148331

Questions Cloud

How does the energy input from the sun create gravity waves? : A storm is defined as an atmospheric disturbance, usually caused by unequal heating in the atmosphere. How does the energy input from the sun create gravity waves?
Which statement is false regarding cytotoxic t cells : Which statement is false regarding cytotoxic T cells?
Pay annual payments problem : The lease also specified that, along with the last payment, Grommit could purchase the asset for $8,000 cash. Under this lease agreement, Grommit will be required to pay annual payments of:
Why bayes theorem important to business-related questions : What does this theorem allow you to do that traditional statistics do not? What are some prerequisites for using Bayesian statistics?
Suppose that a new law requires : Suppose that a new law requires every firm to provide its workers with free parking spaces. These spaces are worth $200 per year to workers, but cost firms $500 per year to provide
How old is the rock containing the radioactive material : A hypothetical radioactive isotope hass a half-life of 10,000 years. if the ration of the radioactive parent to stable daughter product is 1:3, how old is the rock containing the radioactive material?
Manipulate the system to test your hypothesis : Suppose you spot two species of birds feeding side by side, eating seeds from the plant. You begin to wonder whether competition is at work. Describe how you might design scientific research to address this question.
Households increase savings : The Circular Flow diagram is model of how the economy works. Explain how the model would change if the following events ocurred:Households increase savings.
Effect that the current unemployment rate : Explain the effect that the current unemployment rate may have on yourclientele in the next couple of months and how it could affect your area's overall economic growth

Reviews

Write a Review

Business Economics Questions & Answers

  Assume the bills have the chance to offer

Assume the Bills have the chance to offer a season ticket that is good for all eight home games, a partial season ticket that is good.

  Financial writer andrew tobias described an incident

The financial writer Andrew Tobias described an incident that occurred when he was a student at the Harvard Business School

  Specify where each successive unit will be produced

Calculate the over all MC for the 1st 10 units of output also Specify where each successive unit will be produced.

  Explain economy produced no capital goods

This means that in the particular year the economy produced no capital goods at all." Do you agree. Why or why not? Explain: "Though net investment can be positive, negative, or zero, it is quite impossible for gross investment to be less than zer..

  Incumbent in a market lasting two periods

Explain which it would not be optimal for Firm 1 to make the investment if there were no threat of entry.

  Draw a tree for this game and ?nd rollback equilibrium

Congress does not have enough votes to override a veto. Draw a tree for this game and ?nd the rollback equilibrium.

  House owner insulate or not

a homeowner can insulate his house and save $50 each year in heating bills. If the interest rates are 6%, should the house owner insulate or not.

  Illustrate what is the minimum price neccessary

Illustrate what is the minimum price neccessary for this firm to produce any output in the short run.

  Value of gold if people discovered

What would happen to the value of gold if people discovered that it could easily be made at home from inexpensive materials

  Illustrate what is the revenue at the old price

A product has an arc elasticity of -0.8. at a price of $7.00, 1000 units are sold per period. In order to sell 1200 units, what will the new price be. Illustrate what is the revenue at the old price ($7.00)and the new price.

  Prefer mangoes to cantaloupe then draw my highest

If my preferences are such to I am indifferent among apples also mangoes but I prefer mangoes to cantaloupe then draw my highest indifference curve.

  How information affect your calculation of inflation rate

Explain how you were to learn that a bottle of Gatorade rise in size from 2009 to 2010, should that information affect your calculation of the inflation rate.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd