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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?
When a employee declares that he consider to quit, say next month, the threat of being fired has no bite. The employee may find it in his interest to shirk.
Most spells of unemployment are short, and most unemployment observed at any given time is long term. How can this be?
At a management luncheon, two managers were overeat arguing about the following statement "A manager must never hire another worker if new person diminishing returns". Is this statement correct? If so, why? If not, discuss why not?
At the same time the unemployment rate remained at 8.3%. Use your understanding of the labor market to explain how these two things could happen at the same time.
Suppose there is a market for an industrial compound, Weon. This industrial compound is used as an input for production of cleaning agents.
A firm has estimated the following demand function for its product:
What policy did the Fed and other central banks around the world use to try to stabilize the economy during the financial crisis ?
Two organizations (one Non-profit and one for-profit) are considering different alternative courses of action within their organizations.
Find out the equilibrium price and quantity and illustrate with a graph. The government imposes a tax of $5.00. Find the new equilibrium price and quantity. Determine the total tax revenue earned by the government
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved t..
Choose two of the following economic systems(traditional,free market,or centrally planned) and explain which of the two systems you think does the best job of achieving each goal of the major economic goals each economic system tries to meet
Discuss why is increasing per capital income necessary but not sufficient for broadly dipping poverty and improving human welfare?
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