Q1. OPEC radically cuts back on the production of oil used by U.S. manufacturers. The determinant causing the shift in this scenario is?
Q2. Explain how much difference can a logo make on two shirts which are otherwise identical? Illustrate what type of market is this?
Q3. State the optimal decision problem of a worker who searches for a job. Use two separate diagrams to represent situations with also without on-the-job search.