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Suppose the marginal product of labor in the economy is given by MPN = 0.002(16,000 - N), while the supplyof labor is 1000 + 1000w.(a) Find the market-clearing real wage rate and level of employment.(b) What happens to the wage rate and employment if wealth rises, reducing the supply of labor to 500 +1000w?(c) What happens to the wage rate and employment if after wealth has risen as in part (b), there is aproductivity shock that increases the marginal product of labor to MPN = 0.0025(16,000 - N)?
langley clinics inc. buys 400000 in medical supplies each year at gross prices from its major suppliers consolidated
1. If interest rates or opportunity costs investment, happened to be the same in both developed countries and emerging economy nations, what could account for faster upward shifts in the latter group's planned investment functions 2.Are stocks of ..
Sam and Olivia decide to go into business, selling discounted merchandise during their Website "e-Buy." They sign a partnership agreement that requires Sam to contribute $12,000 and Olivia to contribute $8,000 in capital to start the firm.
Which of the following is not considered a cost of unemployment?
An end-of-aisle price promotions changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be? Use (P - MC)/P = 1/?e? to calculate MC and then use the same equation to find out the new price.
Assume the reserve ratio is 20%.If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
Find the equilibrium price, quantity produced, and quality level.
Consulting your text and any other source you would care to cite, and prepare your answer using the word processor of your choice. [200 words is a general guideline, not a rigid limit.]
The bank is constructing a new Internet banking strategy to entice new consumers to sign up. Your manager has asked you to contribute to this strategy through describing how money works.
youve developed a very popular up-scale but reasonably priced clothing fashion line for young people. you produce
one of the most important skills to learn in managerial economics is the ability to identify a good business.1- discuss
Explain the importance of competition among firms and Explain whether the competitive environment in this industry benefits society or not.
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