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Using the Human Capital theory:
1. Describe why firms in developing countries are more paternalistic.
2. Describe why teenagers tend to accumulate low wages yet proportionally higher human capital than adult workers.
3. Describe why some people who stay in college longer must be paid longer (and visa versa).
4. Describe why people who have greater natural ability are (should be?) paid more and/or given more opportunities to develop their human capital.
5. Describe why a person might become a professor, even though PhD's typically require more time and research than M.B.A.'s, law degrees, and even some other doctorates (like PsychD's)?
The firm has monthly cash expenses of $180.what is the projected ending cash balance at the end of February.
Illustrate that there are any extra costs or benefits due to this shift.
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
One of the partners favors moving downtown because she believes the additional business gained by moving downtown will exceed the higher rent at the downtown location plus the cost of making the move.
At what level of output are total profit maximized. Illustrate what price will be charged.
how the economy moves to a new equilibrium. Focus on short-run as well as long-run equilibrium.
Similarities in the definitions of management quoted from authors of management textbooks
If the doctor wishes to maximize her profit, elucidate how many nose operations she should perform each month.
The licorice industry is competitive. Each firm produes 2 million strings of licorice every year. Total cost of strings have an average.
Explain how do these two relate to each other in the Circular Flow Economy and to the Government and Foreign Sector components.
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Illustrate what fiscal and monetary policies would you recommend in order to close a recessionary gap. Would you recommend what expansionary polices.
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