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1. How can we differentiate between the hypothesis that education increases productivity and the hypothesis that education is a signal for the worker's innate ability? 2. Why does the percentage gain in earnings observed when worker gets one more year of schooling measure the marginal rate of return education?
If you were to draw the two nations' PPF's on the same graph, elucidate which would be farther to the right.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
Illustrate what relationship must hold between x and p so that A second order stochastically dominates B.
Taking all taxes into account, what are your average and marginal tax rates? What happens to your tax bill and to your average and marginal tax rates if your income rises to $40,000?
Explain how quantity of labour to be hired and wage rate would be determined if input market is perfectly competitive. output market may be either perfectly competitive or imperfectly competitive.
Illustrate what wage would a monopoly union demand Explain how many workers would be employed under union contract.
Several big companies offer employees time off during the workday to attend seminars on how to improve their health. Some even give bonuses to people who show that they are adopting healthy lifestyles through,
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
The national economy has been in a slump for several years, but recent signs of strength in much of the economy have led many forecasters to conclude that an expansion could finally be in the offing.
Illustrate what does a point outside construction possibilities frontier indicates.
Elucidate the marginal revenue from the fourth worker
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
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