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An increase in the market price of men's haircuts, from $15per haircut to $25 per haircut, initially causes a local barbershop to have its employees work over time 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 equals well, the barbershop hires additional employees and provides 65 haircuts per day. What is the short-run price elasticity supply? What is the long-run price elasticity of supply?
Draw a graph of a market for a firm in a perfectly competitive industry. Indicate the short run profit maximizing quantity and the profits for the firm.
Presuming IBM’s evolutionary perspective best represents the path to the future of change, speculate what MNE will eventually replace the idea of the globally integrated enterprise.
In a particular industry, labor supply is ES=20+w and labor demand is E D=60-4w , where E is the employment level and w is the hourly wage. What are the equilibrium wage and employment if the labor market is competitive?
Assume that the market wage rate is $150 per day. Illustrate what rule should leadbelly follow to hire the profit-maximizing amount of labor.
If interest rates differ between two countries, it is an indication that the financial markets are not in equilibrium, and that investment flows should be taking place between the two countries. Agree? Disagree? Explain.
Explain which option is ultimately the most expensive and why you think it is. Explain which option is ultimately the least expensive and why you think it is.
A project is scheduled to last 12 months and cost $1,000,000. At Month 5, the Earned Value (EV) is $200K, the Planned Value (PV) is $400K and the Actual Cost (AC) is $100K. When will it finish and what will it cost at completion? As a CEO, what woul..
She is now considering raising her prices by 20 percent to offset the increase in her monthly rent.
An individual consumes only two commodities X and Y. She prefers a bundle B1 with 6 units of X and 2 units of Y to a bundle B2 with 4 units of X and 7 units of Y. Also, she prefers a bundle B3 with 2 units of X and 8 units of Y to B1. Are these prefe..
Assume you are compiling your research report. How would you present the statistical information within this case to the IndustryWeek decision maker, the manager who must decide whether or not to continue to publish reader service cards?
Illustrate what the effects would be if real GDP is growing also both the velocity of money also the money stock are constant. Please converse.
Why are people who possess specific human capital less likely to change jobs, other things being equal, than those who possess general human capital? Does this imply that people who possess large amounts of specific human capital will never migrate..
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