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According to Mankiw, measurable variables like education
According to Mankiw, measurable variables like education, experience, and job characteristics account for less than half of the variation in wages/salaries in our economy. How important, then, are var …
Economics / Microeconomics 2017-07-23 1 Yes $4.00
Pam’s Pretzels has a production function
3. Pam’s Pretzels has a production functionshown in the following table. It costs Pam’sPretzels $80 per day per worker. Each pretzelsells for $3.Quantity of labor Quantity of pretzels0 01 1002 180 …
Economics / Microeconomics 2017-07-23 1 Yes $5.00
It it the legitimate and necessary role of the federal government
It it the legitimate and necessary role of the federal government or the Federal Reserve System to provide "fiscal stimulus"? Under what Constitutional authority? If so, when should stimulus be provid …
Economics / Microeconomics 2017-07-23 1 Yes $4.00
Suppose you are the owner of a specialty cake firm operating
Suppose you are the owner of a specialty cake firm operating in a competitive market. Youproduce a single type of specialty cake. Your production costs are given by C = 2Q^2 + 200,where Q is the level …
Economics / Microeconomics 2017-07-23 1 Yes $5.00
What dilemma faces regulators trying to regulate natural
1. What dilemma faces regulators trying to regulate natural monopolies? What hampered enforcement of the Sherman Act?2. Political corruption is epidemic in Russia today. What effect does this have on …
Economics / Microeconomics 2017-07-23 1 Yes $6.00
Econ 2101 Assignment 3 - Consider the following production function
Assignment 3-D, Econ 21011.Consider the following production functionQ = KLb,where b is a positive constant, with b < 1.a. Using calculus, show that the marginal product of labor and the margin …
Economics / Microeconomics 2017-07-23 1 Yes $16.00
A manufacturing firm’s production function is Q
1. A manufacturing firm’s production function is Q?KL?K?L. For this production function, MPL?K?1 and MPK?L?1. Suppose that the price r of capital services is equal to 1, and let w deno …
Economics / Microeconomics 2017-07-23 1 Yes $12.00
Suppose the marginal costs (and therefore the market supply)
Suppose the marginal costs (and therefore the market supply) for Mimi Chocolates is given byMC: P = 0.5 Qs+ 3. The market demand is given byD: P = 5 – 0.5Qd.a.What is the equilibrium price and quant …
Economics / Microeconomics 2017-07-23 1 Yes $5.00
Suppose A and B live in an exchange economy with two goods
Suppose A and B live in an exchange economy with two goods x1 and x2. A owns 50 of both goods, and B own 250 of both goods.A's tastes are captured by the utility functionuA(x1,x2) = x2 + 50lnx1and B's …
Economics / Microeconomics 2017-07-23 1 Yes $7.00
Emissions Trading system or the carbon tax as a government
Topic :Emissions Trading system or the carbon tax as a government price control.- Writing 1 body paragraph which analyse and identify the topic clearly.- Providing at least 3 journal articles or acade …
Economics / Microeconomics 2017-07-23 1 Yes $9.00
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