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In terms of a firms MRP of labor, explain why the firm will only hire the next worker if that worker can make the firm money.
Business Economics, Economics
If unemployment rate is 5.5% and underemployed, unemployed and discouraged workers is 8.4%. What is % of underemployed and discouraged. Is it as easy as just 8.4-5.5?
1. Explain the different elements of property rights. Provide an example of how the US economy infringes on each. 2. Explain why inequality is considered to be a social "bad" by many people. In what way could inequality ...
First two questions, Demand: Q d = 175-.5*P Supply:Q S = 1.923*P - 163.462 There is a $50 unit tax on the supplier side. what is the new equilibrium price? I know the new price is 179, looking for the formula explainin ...
While reconciling your check register to your bank statement you notice that your check register balance is 1250.00 while your bank statement balance is 1205.00. Describe what might account for the difference between the ...
This weekend, Martha has time to read 40pages of economics and 30pages of sociology. Alternatively, she could read 10pages of economics and 90pages of sociology. Which of these equations describes all combinations of pag ...
What type of exchange rate is associated with a higher probability of experiencing a crisis? Why?
Why is the US banking system known as a dual banking system? What historical developments led to that structure? How is the structure justified today?
In the course of producing its output, this firm causes pollution. The government passes a law that requires the firm to stop polluting, and the firm discovers that it can prevent the pollution by hiring 0.2 workers for ...
What are the implications of outsourcing key public responsibilities to global corporations for the Australian state and society?
A very skilled court stenographer makes two typographical errors (typo) per hour, on average. 1. What probability distribution is most appropriate for calculating the probability of a given number of typos being made by ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As