Ask Question, Ask an Expert


Ask Microeconomics Expert

Q1. Assume that the Florida migrant workers are efficiently unionized. Determine the impact of the unionization on:

a) Price of Florida oranges

b) Profits of Florida fruit growers in short and in long run

c) Mechanization of the fruit picking industry

d) Employment of fruit pickers

Illustrate each point.

Q2. Do the given comments reflect sound economic reasoning? Describe why or why not.

a) I paid $200.00 for the economics course. Thus, I am going to attend the lectures even if they are worthless and boring.

b) As we own instead of rent, housing doesn’t cost us anything.

c) I own 100 shares of stock that I cannot afford to sell till the price goes up adequate for me to get back at least my original investment.

d) It costs to produce private education, while public schooling is free.

Microeconomics, Economics

  • Category:- Microeconomics
  • Reference No.:- M910025

Have any Question? 

Related Questions in Microeconomics

Part awe have discussed several examples of constrained

Part A: We have discussed several examples of constrained utility maximisation in lectures and in classes. For example, we have learned how to find the optimal bundle of goods consumed by an individual trying to maximise ...

Q1 garys labor supply is given by h -10 071428w where h

Q1. Gary's labor supply is given by H = -10 + 0.71428.w, where H is the hours worked per week and w is the hourly wage rate. Mary and Terry's labor supply functions are represented by H= -2 + 0.25.w and H= -38+1.7272.w, ...

Assignment 1 markets failures and exceptionsfor each of the

Assignment 1: Markets Failures and Exceptions For each of the following situations, the market system has failed and/or just will not allocate resources efficiently: Situation 1: Firm A produces cement sifters. The proce ...

Question 1nbspgiven the following chart answer the

Question 1  Given the following chart answer the questions below, assuming that all resources and technology are fixed for this farm. Corn(bu) Soybeans(bu) 20,000 0 16,000 5000 12,000 9000 8,000 12,000 4,000 14,000 0 15, ...

Description debentive enterprise is a company listed on the

Description: Debentive enterprise is a company listed on the New York Stock Exchange. Its capital structure is as follows: equity issued at N.Y.S.E. USD 30,000 (after translation), in addition the company has a debt of U ...

Assignmentuse the globaledge website to complete the

Assignment Use the globalEDGE website to complete the following exercises: • The World Trade Organization maintains a database of regional trade agreements. You can search this database to identify all agreements that a ...

Research topicthis assignment is the first step towards

Research Topic This assignment is the first step towards completing your research paper. For this submission, you will need to find a topic of interest related to race and ethnicity, social change, or both. You may come ...

Assignment global business today - the hofstede studyrefer

Assignment: Global Business Today - The Hofstede Study Refer to Hofstede model in Chapter 4 of the textbook and the Global Business Today Interaction located below, and complete this assignment. Note: You must have a Fla ...

Httpswwwyoutubecomwatchvkgsiduyw7wwhat was the promise of What was the promise of capitalism? Discuss the important milestones and historical developments in economic theory and specify the contributions of each of the profits.

Price elasticity amp income elasticity research in an

Price Elasticity & Income Elasticity Research in an Economic Crisis Environment The last few years most of the countries worldwide are experiencing a heavy economic crisis that is affecting heavily national consumption a ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

A cola-dispensing machine is set to dispense 9 ounces of

A cola-dispensing machine is set to dispense 9 ounces of cola per cup, with a standard deviation of 1.0 ounce. The manuf

What is marketingbullwhat is marketing think back to your

What is Marketing? • "What is marketing"? Think back to your impressions before you started this class versus how you

Question -your client david smith runs a small it

QUESTION - Your client, David Smith runs a small IT consulting business specialising in computer software and techno

Inspection of a random sample of 22 aircraft showed that 15

Inspection of a random sample of 22 aircraft showed that 15 needed repairs to fix a wiring problem that might compromise

Effective hrmquestionhow can an effective hrm system help

Effective HRM Question How can an effective HRM system help facilitate the achievement of an organization's strate