Questions
Try to organize what we understand capital to be based on the different readings in the...

Try to organize what we understand capital to be based on the different readings in the course. Try to explain why we keep inventing new forms of capital such as human capital, social capital, and cultural capital. (2-3 pages long)

In: Economics

There is a monopsonist employer in a labor market. Value of the monopsonist’s marginal product=240-0.5E. Labor...

There is a monopsonist employer in a labor market. Value of the monopsonist’s marginal product=240-0.5E. Labor supply facing this monopsonist is given by Es=2ws. w is in dollars per week and E is number of workers. Suppose that the monopsonist is a perfectly wage discriminating monopsonist.
a)   Draw the labor demand, labor supply curves and find the number of workers that the monopsonist will hire. What is worker surplus and deadweight loss? Explain.
b)   Now suppose that a minimum wage is set at $100 per week, how will this affect worker surplus and deadweight loss compared to part a? Explain.

In: Economics

. Initially, the economy was in its long-run equilibrium. Then, consumers’ preference for consumption fell; they...

. Initially, the economy was in its long-run equilibrium. Then, consumers’ preference for consumption fell; they became consuming less at any price level.

.a. Because of the consumption change, how would the curves of LRAS, SRAS and AD shift in the short-run: Leftward, Rightward, or No shift? How would the output and the price would change in the short-run: Decrease, Increase, or No change?

              SRAS:

              LRAS:

              AD:

              Output:

              Price:

.b. Consider the monetary policy response to maintain the full employment. Answer what changes and shifts the policy response would cause.

              Change in money supply: Decrease, Increase, No change

              Change in interest rate: Decrease, Increase, No change

              Shift of LRAS: Leftward, Rightward, No shift

              Shift of SRAS: Leftward, Rightward, No shift

              Shift of AD: Leftward, Rightward, No shift

In: Economics

Suppose the central bank increases discount rate. Use a graph of the money market to show...

Suppose the central bank increases discount rate. Use a graph of the money market to show what this does to the value of money?

In: Economics

If the Government increased its expenditures to 10%, identify one monetary policy adjustment that might be...

If the Government increased its expenditures to 10%, identify one monetary policy adjustment that might be used by the Federa Reserve in response to the fiscal policy change.

i). identify the response

ii). Predict the policy's change's effect on interest rate (if None, write None)

iii). Explain why they would respond at such

In: Economics

In cases below, answer how the aggregate demand curve would shift: Leftward, Rightward, or No shift....

In cases below, answer how the aggregate demand curve would shift: Leftward, Rightward, or No shift.

a. Consumers became pessimistic about future:

b. Firms became more bullish about future

: c. Government changed its suppliers from foreign ones to domestic ones:

In: Economics

A company is considering constructing a plant to manufacture a proposed new product. The land costs...

A company is considering constructing a plant to manufacture a proposed new product. The land costs $300,000 the building costs $600,000 the equipment costs $250,000 and $100,000 additional working capital is required. It is expected that the product will result in sales of $750,000 per year for 10 years, at which time the land can be sold for $400,000, the building for $350,000, and the equipment for $50,000. All of the working capital would be recovered at the end of year 10. The annual expenses for labor, materials, and all other items are estimated to total $475,000. If the company requires a MARR of 15% per year on projects of comparable risk, determine if it should invest in the new product line. Use the PW method

In: Economics

Congratulations! You have just been appointed to a commission studying wage discrimination against women. Again, you...

Congratulations! You have just been appointed to a commission studying wage discrimination against women. Again, you have been pushed from the frying pan into the fire, as this is a sensitive topic. It is your role to give the background report to the commission, who will subsequently make some recommendations for anti-discrimination policy.

1) There are several theoretical models of labour market discrimination that seek to explain why men and women with equal productivity levels may not be paid the same. Briefly describe in intuitive terms the demand-side approach, the supply-side approach (the crowding hypothesis), and the non-competitive approach involving barriers to mobility.

2) It is true that, on average, women spend less time in the labour market gaining experience, on-the-job training, and other forms of human capital than men do, which is often tied to childbearing responsibilities. Some apologists claim that lower pay for women might be justified, as employers have less of an incentive to invest in workers with higher turnover. On the other hand, this line of reasoning has been countered by some analysts. What is the nature of the critique of those who disagree with the apologists? (An apologist would say that the pay differentials are justifiable based on productivity and that there is no direct discrimination against women.)

3) Empirical research on male-female earnings differentials is required to assess the validity of the models. The extent of the wage discrimination is typically measured by the so-called Oaxaca decomposition effect. Without getting into the technical details of this equation, explain the general idea of the procedure. You should describe the major elements. No graph is necessary.

In: Economics

Please I need today answer for This question and it is very important and I need...

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Q. Suppose that you are deciding whether to move to the United States or to stay in Sweden. Assume that (i) your decision is based only on wage differences; (ii) there are some fixed costs of moving and (iii) you live forever. The interest rate is given by r and wages in the US and Sweden are constant over time.

a) Derive the condition under which you will move.

b) Suppose now that you are making this decision together with your partner and you act as one unit. Explain the concept of tied stayer and tied mover.

In: Economics

Please I need today answer for This question and it is very important and I need...

Please I need today answer for This question and it is very important and I need solution for this issue with all the details , and help me with all the details.Please write your answer to me by typning  not by hand writing, so that I can read and understand your answer clearly.thanks in advance/Ha

Q.a) What does the cross-elasticity of factor demand measure and how is it defined?

b) When is the cross-elasticity of factor demand positive and when negative? Explain why.

c) Show graphically how the demand curve for input i changes, when the price of input j is increasing and input j is a substitute. Explain in one sentence why this is the case.

In: Economics

Issues surrounding trade protectionism and nationalist policies of some countries?

Issues surrounding trade protectionism and nationalist policies of some countries?

In: Economics

what is feminism and radical feminism ?

what is feminism and radical feminism ?

In: Economics

How did the Australian economy fare in the last 12 months in terms of output growth,...

How did the Australian economy fare in the last 12 months in terms of output growth, inflation and unemployment? Describe in detail the movements/trends observed for these variables.

In: Economics

The COVID virus has had an impact on all facets of our economy. Please discuss the...

The COVID virus has had an impact on all facets of our economy. Please discuss the impact it has had on each of the variables below over the net 12 months. Explain if the will increase, decrease, or remain unchanged and the reasoning behind your decision. You do not have to cite the textbook, but all other sources should be cited according to APA format.

1.G (government) 2.Exports 3. Government budget (T-G) 4.The value of our dollar in comparison to the US dollar. 5.The supply of money (M1) 6. The prime interest rate

In: Economics

write journal entry about the life of christopher mccandless ? from the article "Death of an...

write journal entry about the life of christopher mccandless ? from the article "Death of an Innocent" by John Krakauer.

In: Economics