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How much did the labor-force participation rate increase in the United States in the 1990s compared with the previous 15 years? Why should workers care about increases in labor productivity?
Ryszard consumes two goods, x and y. His utility function is given by u = 4 + x for y >= 4 and by u = x + y for y
the economic staff of the u.s. department of the treasury has been asked to recommend a new tax policy concerning the
Why, under an autarky, does Production have to equalConsumption If the consumption point is on the productionpossibility curve, why does this automatically mean that the production point will be the same as the consumption point
Describe in words how a corner solution to the consumer's utility maximization problem differs from a conventional solution. Illustrate this description with an appropriate indifference curve diagram. (b) Thinking of your own consumption over the ..
Is the demand for the following elastic, moderate elastic, highly elastic? Give reasons.Demand for petrol Demand for text books
Assuming no population growth or technological progress, find the steady state capital stock per worker , output per worker, and consumption per worker as a function of the savings rate and the depreciation rate.
Craft Unions Both industrial and craft unions attempt to raise their members' wages, but each goes about it differently. Explain the difference in approaches and describe the impact these differences have on excess quantity of labor supplied.
the elasticity of demand for home computers is -2.5 the elasticity of demand for business computers is -.90 and the
The kinked demand curve describes price rigidity. Explain how the model works. What are its limitations? Why does price rigidity occur in oligopolistic markets?
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry.
Individual investors lost millions and the NASDAQ (the stock exchange for most Internet companies) came tumbling down. What happened? Why did it happen? What could have been done to stop this unsafe surge in valuation?
Compute the marginal profit function and what is the profit maximizing price, what is the market demand function and what is each firm's supply function?
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