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An increase in the market price of men's haircuts, from $15 per haircut to $25 per haircut, initially causes a local barbershop to have its employees work overtime to increase the number of daily haircuts provided from 35 to 45. When the $25 market price remains unchanged for several weeks and all other things remain equal as well, the barbershop hires additional employees and provides 65 haircuts per day. What is the short-run price elasticity of supply? What is the long-run price elasticity of supply?
Will market of demand and supply for labour with no government interference lead to an efficient outcome? Will your program affect it? Why or why not. How well do you think a voluntary contribution scheme [paid for by companies] would work in fun..
Compare and contrast the four market structure models: Monopoly, Oligopoly, Monopolistic Competition, and Perfect Competition—including, but not limited to, assumptions/characteristics of each model, profit maximizing price/output combinations, short..
How do you draw a shift of aggregate supply and aggregate demand curve, to show aggregate supply shift to the right in regards to technological advancements?
Given: CPI in 2006 = 160.0; CPI in 2007 = 170.5; CPI in 2008 = 172.4; CPI in 2009 = 168.2.l Compute the inflation rate in 2007, in 2008, and in 2009. Based on the given data and your computations above, in which year did disinflation occur?
Conduct an analysis of a recent article and provide your evaluation and outcome expectations in an articulate and informative paper that discusses: Identification of three to five macroeconomic indices. Definition and explanation of the indices, e.g...
Explain how could you estimate the net welfare loss (deadweight loss) from such a diagram. What response to such a policy would you expect from industries (like automobile producers) that use U.S. steel.
on the planet omicron persei 8 government spending is 1000 net taxes are 1200 as well as planned investment is 1400.
If the short run marginal and average variable cost curves for a competitve firm are given by: How many units of output will it produce at a market price of 0 ? At what level of fixed cost will this firm earn zero economic profit?
What are the incentives, advantages, and disadvantages for insurance systems that pay primary care physicians through capitation when compared to fee for service?
The regulators at the FDIC decide to change the captial requirement in order to help prevent another bank crisis. They increase their required capital-to-asset ratio. In the space below explain how a bank can accomplish this -- how they could bring t..
If an economy is producing inefficiently, it is
Piece-rate pay coexists in our economy with hourly wage pay. Why is that? What aspects of a business (or job) would lead you to expect that it would be characterized by one or the other? Studies suggest that, comparing workers who do similar jobs, th..
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