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There are concerns about an increase in unemployment due to the slowdown in manufacturing. a) What effect would an increase in the unemployment rate have on the equilibrium wage?
Explain how much profit will the perfectly competitive firms earn. Explain how much profit will the monopoly firm earn.
Using the appropriate graph, carefully describe why utility maximizing households would most likely chose to have fewer children as their income grows.
If you have been offered $137,000 for a job in Los Angeles and $117,000 for a similar job in Dallas, elucidate which job affords you the highest purchasing power of the bundle of goods in the price index.
Explain the difference between income effect and price effect in intergovernmental aid systems by also explaining the difference between foundation aid systems and power-equalizing aid systems
Define and discuss the concept of Corporate Communication. Select an organisation and then identify and discuss the issue that are continuous risk for the survival of the organization.
During the summer of 2011, General Motors (GM) had trouble selling pickup trucks. According to an article in USA Today : General Motors dealers had a 122-day supply of Chevrolet Silverado and GMC Sierra pickups in June, more than 50% above what’s con..
Dan and Carla met as employees at a candy company and later married. Carla went on to study accounting and Dan earned a business degree. After working for various businesses and raising $10,000 to open their own business one day, What are the pros an..
Keeping all else constant, their answer would likely differ. How do you guess the interviewed will answer? Does the difference in response matters? I
The policies of the federal government influence the outcomes of the various activities in that economy. When government policies change or unplanned events occur, the resulting economic events or activity will usually change. Listed below are severa..
In a local market, the monthly price of Internet access service decreases from $25 to $15, and the total quantity of monthly accounts across all Internet access providers increases from 100,000 to 200,000. What is the value price elasticity of demand..
In the framework of an oligopoly, what strategy can work like a silent form of cooperation?
Two hospitals want to merge. The price elasticity of demand is 0.20, and each clinic has fixed costs of $100,000. One clinic has a volume of 9,200, marginal costs of $70, and a market share of 3 percent. What are the total costs, revenues, and profit..
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