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Assume that the last worker hired of type A serves 100 additional customers per week at a wage of $500 per week and the last worker hired of type B serves 200 additional customers per week at a wage of $1000 per week. Assuming that the company is currently spending its entire budget for labor, should the company alter its current allocation of labor types? If so, how? If not, why?
The country of Econostan recently suffered a terrible offshore oil spill. According to some policymakers, the spill should be cleaned up completely, no matter the cost. Evaluate this statement, using your knowledge of marginal analysis.
The greater the number of different goods available in an economy, A) the less likely it is that a double coincidence of wants will exist, and the less likely it is that monetary exchange will develop B) the less likely it is that a double coincid..
1. suppose that the linear market supply curve starts on the price axis at 8 per box and that the linear market demand
assume there are two countries involved in a war. country a is considering invading country b through a bridge which is
The 5-recent or historical government actions dealing with the macroeconomic policy. For each scenario estimate if it represents fiscal policy or monetary policy, and describe your reasoning.
What would be the equilibrium quantity and equilibrium price? Assume the Government imposes a $5 per unit tax on the seller, which equation would be affected and how?
They argue that in most situations, we couldn't avoid nudging even if we wanted to, because whatever pol- icy we choose will contain some set of unconscious nudges and incentives that will influence people.
building upon the annotated bibliography and literature review this section of the term paper will link the proposed
An improvement in technology lowers the cost of production of DVD recorders. Explain what happens to consumer surplus in the market for DVD recorders.
lets assume that you own a fast food restaurant and you are faced with many customers each day eating in the restaurant
Assume the firm can produce 5000 units of out put by combining its fixed capital with 100 units of labor and 450 units of raw materials. What are the total cost and average total cost of producing 5000 units of output?
Do protectionist policies benefit producers, consumers, workers, or the government? Explain.b) Explain how the "Buy American" theme hurts Americans. a) Identify the four major tools of monetary policy.
for the following set of scores compute the range the unbiased and the biased standard deviations and the variance. do
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