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A set of earmuffs has an NRR of 30 dBA, and a set of plugs has an NRR of 20dBA. Workers in a car factory are exposed to 110 dBA for 8hrs. Before advising management on whether to purchase muffs or plugs, you do a small trial on the factory floor. Workers wearing the muffs take them off for half an hour each day while working due to discomfort whereas plug wearers soon forget they are wearing them and keep them in all day. Which device will give the best ear protection in practice?
Compare and contrast the production function for a product and a service. You should base your discussion on specific industry examples (i.e., automobiles or dishwashers or frozen pizzas are examples of products and tax preparation services or legal..
Explain what will happen in the countries to which the immigrants return to potential GDP, employment, and the real wage rate.
Suppose there is an increase in Swedish interest rates relative to South African interest rates. Which of the following would then occur?
Which of the following would increase the total amount of trade in the world? when the value of exports exceed the value of imports then: suppose economic stability in the US increases. this will tend to cause which of the following to occur? all of ..
Assume an industry uses labor and capital in its production process. The government places a modest minimum wage on this industry above the market clearing equilibrium wage. If firms in this industry are price takers in the labor market, how do you e..
You will be viewing the movie WALL STREET by renting, buying or borrowing the film from the library. Your report should be at least three pages long. SUMMARIZE the story of the film. Discuss the economic aspects of the film, refer to your textbook. D..
What is the total payment to capital in the manufacturing sector? What is the total revenue (price x quantity) of the agricultural sector? Suppose that the price of the manufactured good rises by 20% with no change in the price of the agricultural go..
Reflect on the changes in U.S. manufacturing over the last half century. Why did the United States lose so many jobs? What impact did that job loss have on the U.S. economy and on the economies of countries like China and Mexico that have been the re..
A regulated natural monopoly has the following data: if the firm is ordered to price its good so that there is locative efficiency then the firm will have?
Consider a firm where production depends on two inputs labor and capital with prices w and r, respectively. Initially the firm faces market prices of w = 4 and r = 8. These prices then shift to w = 8 and r = 8. What is your prediction for the firm's ..
Explain how Ibn Khaldoun view traders, including types of traders, the importance of traders to the economy, the necessary skills for successful traders, and role of connections in a trader’s success.
Write a two-page essay analyzing the type of market of a healthcare service that you are familiarized with. Include within your analysis the characteristics of the identified market and at least two (2) examples of services in this market.
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