Homework Answers
4- Increase in the wage rate
Because due to productivity increase it will lead to increase in marginal product of labour and hence wage rate will increase.
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Incorrect Question 4 0/0.1 pts An increase in productivity throughout the economy will likely lead to...
can someone explain please Question 5 0/2 pts Which of the following is most likely to...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces quantity demanded to zero, demand is and the price elasticity of demand is equal to perfectly inelastic; zero perfectly elastio, iufiaty unit elastic, one perfectly elastic zero 0.1/0.1 pts Question 63 Question 73 Incorrect 0/0.1 pts If Smith will give up three units of Y to get one additional unit of X, then he has transitive preferences/ his budget constraint is upward slopimg. his...
Just give me the Short answer 1. In a small closed economy, there is a perfectly...
Just give me the Short answer
1. In a small closed economy, there is a perfectly competitive, frictionless labor market pro- vides market equilibrium price w for continuous, homogeneous workers and firms. (Work- ers and Firms are identical. Workers have exactly the same productivity. Firm only values productivity.) Jim is one of the workers. In a job interview, Jim asks for a wage w+e, where e is a small positive number. Do you think Jim is going to get the...
(B) Short Questions: (70%) 1. In a small closed economy, there is a perfectly competitive, frictionless...
(B) Short Questions: (70%) 1. In a small closed economy, there is a perfectly competitive, frictionless labor market pro- vides market equilibrium price w for continuous, homogeneous workers and firms. (Work- ers and Firms are identical. Workers have exactly the same productivity. Firm only values productivity.) Jim is one of the workers. In a job interview, Jim asks for a wage w+ e, where e is a small positive number. Do you think Jim is going to get the job?...
0/0.1 pts Incorrect Question 9 A monopsonist has the production function Q=4.L and faces the foflowing...
0/0.1 pts Incorrect Question 9 A monopsonist has the production function Q=4.L and faces the foflowing labor supply and product demand equations respectively W= 2+ 0.05 L P= 10-0.025 Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost? 60
Question 2 1 pts Which of the following descriptions concerning shareholders and stakeholders is INCORRECT? A...
Question 2 1 pts Which of the following descriptions concerning shareholders and stakeholders is INCORRECT? A shareholder can be an individual, company, or institution that owns at least one share of a company and therefore has a financial interest in its profitability. Stakeholders can be owners and shareholders, employees of the company, bondholders who own company issued debt customers who may rely on the company to provide a particular good or service, suppliers and vendors who may rely on the...
Question: What caused productivity to increase? The U.S. Postal Service OPERATIONS TOUR "Neither rain, nor snow...
Question:
What caused productivity to increase?
The U.S. Postal Service OPERATIONS TOUR "Neither rain, nor snow are third-class mail, or have meter impressions that are too light to read. The rejects are handled manually. The remaining letters are can- The U.S. Postal Service (USPS) is the largest postal service in the celled and date stamped, and then sorted to one of seven stackers. world, handling about 41 percent (630 million pieces a day) of the Next the letters go to...
EMERGING MARKETS/ETHICAL DILEMMA Closing Case: What If NAFTA Goes Away? In effect since 1994, the North...
EMERGING MARKETS/ETHICAL DILEMMA Closing Case: What If NAFTA Goes Away? In effect since 1994, the North American Free Trade Agreement (NAFTA) has no shortage of controversies. As Trump has assumed power, the criticisms against NAFTA, potentially culminating in its repeal, force us to entertain a previously unthinkable scenario: What happens if NAFTA goes away? The answer to this question obviously boils down to what NAFTA has brought to the United States. In two decades, trilateral merchandise trade among three member...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
Case #1 Hillshire-Dickie Clothiers Kansas City, Missouri You are the new CEO at Hillshire-Dickie Clothiers,...
Case #1 Hillshire-Dickie Clothiers Kansas City, Missouri You are the new CEO at Hillshire-Dickie Clothiers, in charge of a Management Team struggling to improve productivity and profits. You have only been in this position a few months, having been brought in from the outside from one of the nation’s largest clothing manufacturing firms. As a matter of information, Hillshire-Dickie is one of the few remaining garment manufacturing companies in the midwestern United States, specifically in Kansas City. Top executives in...
can someone explain please
Question 5 0/2 pts Which of the following is most likely to cause an increase in the inflation rate? a reduction in the percentage of workers who are in labor unions an increase in competition between firms an increase in the non-labor costs of production an increase in the unemployment rate Rising unemployment tends to put downward pressure on wages and prices. In the figure below, when employment is at the level at point C, the...
0/0.1 pts Incorrect Question 62 If a small increase in the price of a good reduces quantity demanded to zero, demand is and the price elasticity of demand is equal to perfectly inelastic; zero perfectly elastio, iufiaty unit elastic, one perfectly elastic zero 0.1/0.1 pts Question 63 Question 73 Incorrect 0/0.1 pts If Smith will give up three units of Y to get one additional unit of X, then he has transitive preferences/ his budget constraint is upward slopimg. his...
Just give me the Short answer
1. In a small closed economy, there is a perfectly competitive, frictionless labor market pro- vides market equilibrium price w for continuous, homogeneous workers and firms. (Work- ers and Firms are identical. Workers have exactly the same productivity. Firm only values productivity.) Jim is one of the workers. In a job interview, Jim asks for a wage w+e, where e is a small positive number. Do you think Jim is going to get the...
(B) Short Questions: (70%) 1. In a small closed economy, there is a perfectly competitive, frictionless labor market pro- vides market equilibrium price w for continuous, homogeneous workers and firms. (Work- ers and Firms are identical. Workers have exactly the same productivity. Firm only values productivity.) Jim is one of the workers. In a job interview, Jim asks for a wage w+ e, where e is a small positive number. Do you think Jim is going to get the job?...
0/0.1 pts Incorrect Question 9 A monopsonist has the production function Q=4.L and faces the foflowing labor supply and product demand equations respectively W= 2+ 0.05 L P= 10-0.025 Q How much labor should the firm hire in order to maximize profits if they mark their price 300% above marginal cost? 60
Question 2 1 pts Which of the following descriptions concerning shareholders and stakeholders is INCORRECT? A shareholder can be an individual, company, or institution that owns at least one share of a company and therefore has a financial interest in its profitability. Stakeholders can be owners and shareholders, employees of the company, bondholders who own company issued debt customers who may rely on the company to provide a particular good or service, suppliers and vendors who may rely on the...
Question:
What caused productivity to increase?
The U.S. Postal Service OPERATIONS TOUR "Neither rain, nor snow are third-class mail, or have meter impressions that are too light to read. The rejects are handled manually. The remaining letters are can- The U.S. Postal Service (USPS) is the largest postal service in the celled and date stamped, and then sorted to one of seven stackers. world, handling about 41 percent (630 million pieces a day) of the Next the letters go to...
15. Causes of market failure include a. externalities and market power. (b) market power and incorrect forecasts of consumer demand. c. externalities and foreign competition. d. incorrect forecasts of consumer demand and foreign competition. 16. Which of these consumption activities will most likely impose an external cost? a. An executive plays a vigorous game of golf. b. A student in a dorm plays her CDs at 120 decibels late at night. A young mother exercises to anaerobics video A construction...
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