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Q. If a firm faces a shortage of workers with very specific skills, it may decide to undertake the necessary training itself. If on the other hand, i faces a shortage of unskilled workers it may well offer a small wage increase in order to obtain the extra labor. In the first case it is responding to an increase in demand for labor by attempting to shift the supply curve. In the second case it is merely allowing a movement along the supply curve. a. Use demand and supply diagram to illustrate each case, and explain each of your diagrams.Given that elastically of supply is different in each case, do you think that these are the best policies for the firm to follow and give reasons for your answer?b. What would happen to wages and economic rent if it used the second policy in the first case?c. Outline any two reasons, why the marginal revenue product differs between workers in different jobs.
Assume an endogenous growth model with labour augmenting technology.
Find the mean and standard deviation of team payroll for the 14 American League and the 16 national League teams.
Brenda Johnson has used a preprinted form that she got from the internet to create her will.
Hiro Nakamura is CEO of the Cola King Bottling Company, a small regional producer operating in the Pacific Northwest. Nakamura is considering two alternative expansion proposals
The price elasticity of demand for Royal Crown Cola is equal to the price elasticity of demand for soft drinks in general It is invalid to make inter product elasticity comparison
Each firm can monitor the other's price very closely and can respond instantly
The constant rate no before the one child policy; after the introduction population growth drops to the constant rate n1 analyze the effect of this policy.
Avoid having developed economies regress to a Smoot-Hawley type of isolationism or protectionism to avoid job losses in import-competing sectors.
They value campaign funding in terms of dollars spent. Therefore, after spending ci on a campaign.
You will need to determine how you will measure strict gun control laws for the states and to define what types of crimes will make up the crime rate.
What data the organization needs in order to make good decisions and how the use of macroeconomic indicators enables organizations to improve their forecasts of the key decision-making data.
Assume that the returns of these stocks are independent of each other. Find the mean and standard deviation of the total amount that this investor earns in one year from these four investments.
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