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QUESTION 1
i) Use a simple human capital model to explain the rationale for undertaking higher education
ii) Why do some people vary significantly in the amounts of human capital which they acquire?
iii) After graduating from high school, Mehvin is thinking about enrolling in a oneyear course in e-commerce. The direct costs of the course are $4,800. The potential salary that is forgone during a year amounts to $2,200. Upon completion of the course, he plans to work at Skynet Corporation for three years and then retire. The incremental income he anticipates because of his training is $3500, $4,000 and $4,500 for the three years he intends to work. The relevant interest rate is 10%. Is the decision to enroll in the data processing course rational? Discuss
QUESTION 2
i) How is the "pure" union wage advantage defined? If in a given labour market the wage rate would be $5 without a union and $7 with a union, then what is the pure union wage advantage?
ii) Briefly discuss the economic arguments for and against of trade unions
iii) Explain how, and in what direction, each of the following may cause the "measured" union wage advantage to vary from the pure advantage
QUESTION a) State and explain the assumptions of a perfectly competitive market. b) Analyse the effects on the firm's profit and output of an increase in demand in the short
Question 1: What are the main predictions of the Capital Asset Pricing Model (CAPM)? Discuss the role and significance of the assumptions needed to obtain the predictions.
Describe the characteristics of Monopolistic Competition
Prepare an interview plan for the post of Business Analyst in your team. a. Welcome then introductions/administrative objectives/agenda. Found rapport. b. Ask questions conc
How could the quality culture behaviours be applied in a hospital? The total quality management approach and culture are extremely readily applied to a hospital. Usually, peopl
What would course a fall in equilibrium price?
Explain the notion of the hidden momentum of population growth. Why is this an important concept for projecting future population trends in different developing nations?
The framework for the assignment should be relevant to the websites you have chosen and should consider one or two of the following: Segmentation methods to meet the needs of
What is Economic development theory? Economic development theories and models seek to describe and predict how the: • Economies may develop or not over time in excess •
what are the major socio economic problems of India which hamper the growth and development
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