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Suppose that after the wage goes up in the Northern state, workers lose their jobs in the North and decide to move to the Southern state. This increases the population there. Adjust the graph to show what happens to employment and the wage in this Southern state.
Use the graphical method to determine how many of each type of boot should be produced and what are the shadow prices of materials and labour?
Which of the following utility functions are consistent with convex indifference curves and which are not?
The Wall Street Journal discusses a trend among some large US Corporation to base the compensation of outside members of their boards of directors partly on the performance of the corporation.
What impact would this have on the Kitty Litter market and the individual Kitty Litter producer in the SR? In the LR? Carefully Explain.
scans of internal organs using magnetic resonance imaging mri. these devices are often covered by subsidized health
1. a firm in a competitive market invents a new method of production that lowers its marginal costs. what happens to
The unemployment rate
question1. a model of the determinants of health combines three economic variables and two economic
The non discriminating pure monopolist must decrease price on all units of a product sold in order to sell more units.
find the current macroeconomic situation in u.s. e.g. is u.s. economy currently concerned about unemployment inflation
Prove that if the value of G is v1 and the value of H is v2 , then the value of G + H is v1 + v2 . Give an example of G, H which only have a common row strategy, but for which G + H has a different value than v1 + v2.
Briefly explain the use of graphs as a way to represent economic relationships. What is an inverse relationship How does it graph What is a direct relationship How does it graph Graph and explain the relationships (other things equal) you woul..
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