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Why is the demand of labor a derived demand? Explain the shape of the supply of labor curve. What is the relationship between productivity and the wages earned by an employee? What are some factors that determine the level of your income?
Would you give an example of a microeconomic decision you have made at work or home? What factors contributed to making that decision? Example:
A market has the following characteristics: there are many firms, few barriers to entry, each firm acts independently with differentiated products, and no possible long-run economic profit. The difference between a perfectly competitive firm and a ..
What is the short run shut down price for each firm and how does this short run shut down price differ from the long run shut down price?
The salvage value is expected to be $150,000 at anytime you sell the machine for the next several years. Your MARR is 10%. What is the optimum economic life you predict for the machine?
Would warehouse operators insist on owning their own trucking companies What coordination and control problems and contractual hazards would these companies encounter What organizational form would warehouse operators and truck hauling companies a..
describe the business environment in the city or town that you live in. you should explain what the current economic
Should the Government increase, decrease or remain the same in its level of intervention when it comes to mandating that companies provide product information to consumers What happened to "caveat emptor" (buyer beware)
Does the quantity of trash increase or decrease the willingness to pay for an additional trip?
The value of your time spent at the game
Describe each market structure discussed in the course (perfect competition, monopolistic competition, oligopoly, and monopoly) and discuss two of the market characteristics of each market structure. Identify one real-life example of a market struc..
How would you know demand has increased? (What is the first piece of information which would lead you to conclude that demand has increased?)
Build the time series for the Index of Openness (Export of Goods/GDP) using a spreadsheet and build the time series of Imports of Goods/GDP.
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