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The gains from general training in human capital tend to go to the: A. employing firm and not to the individual. B. federal government in the form of higher taxes. C. individual and not to the employing firm. D. parents since they paid for the education in the first place.
The extra wage that is paid to an individual to attract him/her to a less desirable job is called: A. the benchmark competitive wage. B. the general training human capital difference. C. the specific training human capital difference. D. a compensating wage differential.
In January 2001, $1 was equal to 1.06 euro. By January 2012, $1 was worth 0.76 euro. As a result of the change in the value of the dollar:
Rolston Music Company is considering the sale of a new sound board used in recording studios. The new board would sell for $26,300, and the company expects to sell 1,480 per year. The company currently sells 1,980 units of its existing model per year..
The opportunity cost of producing capital is. A marginal revenue product curve shows the change in. Vertical integration has no effect on the internal organization of a firm; it only affects the outside markets. Publications such as Consumer Reports ..
Suppose, ceteris paribus, that the supply of immigrant labor increases in the U.S. and simultaneously the FDA releases new information that conclusively establishes a link between a decrease in the risk of certain cancers and the consumption of orang..
Assume a linear market demand curve and a concave average cost curve for the following questions: (a) Show how an incumbent can keep an entrant out of the market by threatening to produce a large quantity. (b) Why might this behavior be irrational if..
the short-run equilibrium values; and vi. the long-run equilibrium values. State in words what happens to prices and output in the short run and the long run.
Maxi-mum corporation is looking at two major projects either of which, if successful. could put maxi-mum at the top of management consulting industry section. The project is $14,000,000 contract to help a fortune 100 company its corporate culture. Ex..
Originally when he could work as many hours as he wanted at a wage w, Roy chose to work seven hours a day. The employer now offers him w for the first 8 hours in a day and an over-time wage of 1.5w for every hour he works beyond a minimum of 8 hours...
In order to achieve money market equilibrium, ________ are constantly adjusted to make quantities of money demand and money supply equal.
Which partner has the comparative advantage in cake baking? Explain. Plot their combined PPC, including the number of cakes and pies at each of the three corners.
Why are coal miners in China paid higher than factory workers even though they have received more or less the same level of education and training? Why are workers with good looks paid higher in some jobs, but not in others?
Why haven't large nationwide chains been particularly successful dominating upscale consumer markets in areas like restaurants, jewellery and wine, while they have taken over mass production markets such as fast food and beer?
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