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Explain what happens to the elasticity of demand for labor in a given industry after which of the following events:
A) A new manufacturing technique makes capital easier to substitute for labor.
B) There is an increase in the number of substitutes for the final product that labor produces.
C) After a drop in the prices of capital inputs, labor accounts for a larger potion of a firm's factor costs.
An imperfect competitor is currently producing at an output level where MR = 0. As a consultant to this business, state what they should do as far as output quantity and price (increase, decreases, or maintain) in order to maximize their profit. Moti..
You make monthly deposits of $340 into an account that pays 3% per year. How much larger would the balance be after 7 years if interest is compounded continuously compared to monthly? Please provide steps.
Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how? Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfar..
In an open economy with global capital markets and mobile capital:
In 250 words, consider the five basic methods of payment for international trade. Describe the pros and cons of each. Please read full description.
Name the top ten ways culture affects negotiations You must list all fen to receive credit.
Research one contemporary case of trade restriction, implemented by any nation. Research your topic, using at least 2 sources, and write a brief report (approximately 2 pages) on your findings.. Sources are documented properly. (MLA or APA style).
HEALTH: Mike May has been told that each day he needs at least 16 units of Vitamin A, at least 5 units of Vitamin B-1, and at least 20 units of Vitamin C. A Brand X pill costs 15 cents, and a Brand Z pill cost 30 cent. How many pill of each brand sho..
Suppose all workers have the same preferences represented by U = (sqroot)w - 2x , where w is the wage and x is the proportion of the firm’s air that is composed of toxic pollutants. what is the wage in dirty jobs? What is the compensating wage differ..
Chelsey is a mother of two and buys her kids\' favorite, Kraft Macaroni and Cheese, when the price of Kraft is the same as the price of the store brand stuff. But when there is any price difference, she buys the cheaper product.
Consider the market for wheat. Suppose that productivity growth increases the supply of wheat. If the price elasticity of demand for wheat is relatively inelastic, then the price of wheat will fall by a relatively ____ amount. (large or small)
In 2008, the Fed reduced both the discount and federal fund rates dramatically. But bank loan volume didn’t increase. What considerations might have constrained the market’s response to Fed policy?
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