If we observe that employers offer different wages based on which college someone graduated from because of their past experiences with how skilled other people from that college are, then that wage differential is an example of. Statistical discrimination Taste-based discrimination Compensating differentials Unions Specific human capital

Q: Is the demographic transition a universal process?

A: Demographic transition:- The chronological transition from high population growth and high mortality...

Q: Suppose a government report about a country's employment situation reveals the following data (all v...

A: 1) If the country in question is the United State, these data are obtained from Household Survey. 2)...

Q: 1. What is World Trade Organization, who are its members and by which main documents it is guided in...

A: ''Since these are multiple question, we will solve the first one for you. If you want the specific o...

Q: Which of the following is an example of representative money?   Group of answer choices   Gold ...

A: Representative money is money created by the government and backed by a physical asset such as preci...

Q: Is the demographic transition a universal process?

A: Demograhic transition is a universal phenomenon.

Q: (a) A mining firm makes annual deposits of $500,000 into a reclamation fund for 30 years. If the fir...

A: Given  Annual deposits A= $500,000 Future amount F=20 million or $20,000,000 n =30 we have to find r...

Q: consumers utility function is given by U(X1, X2)=Xa1X21-a where  A>0, 0<a<1 A consumer also faces th...

A: For finding the consumer's demand function, we need to equate MRS equal to Price ratio of goods i.e....

Q: Which is an example of the aggregate production function, Y = F(K, N), that exhibits constant return...

A: Production Function: Y = 2KN Y(αK, αN) = 2 (αK) (αN) = α2 2 K N  Y(αK, αN) = α2 Y Hence, the aggrega...

Q: In the most recent FOMC meeting, the Federal Reserve increased the Federal Funds rate. By doing this...

A:

Q: A firm has a production function Q in function of K and L that can be written as follows: Q = 2/K/L ...

A: The production function is a model that expressed the relationship between inputs (like labor and ca...

Q: 45 people were surveyed at the Sunway Pyramid Mall to investigate coffee preferences. The results of...

A: Introduction Here total 45 peoples were given.   Children Adult Senior Latte 3 9 ...

Q: Analyze the following accounts and satisfy the requirements given below. Accounts payable Accrued ex...

A:

Q: Joy Lima manages a Sweet Chocolate Bar Store. She charges P100 per bar for her chocolate. You, the e...

A: Here, it is given that Joy Lima charges P100 per bar of chocolate and has a price elasticity of dema...

Q: what are the disadvantages of collusion in economics

A: Collusion, secret agreement and cooperation between interested parties for a purpose that's dishones...

Q: Uunng the UPEC ensis of the 1970s, President Richard Nixon enacted price controls on ol and gasoline...

A: It resulted in an increase in unemployment. In order to slow down inflation, the Fed raised interest...

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 100 + 200?. 4a.What is the firm's margina...

A: The marginal cost curve above the average total cost curve is the long-run supply curve for a perfec...

Q: The economy does not grow once it reaches a steady state. This result is based on the assumption tha...

A: When talking about the steady state of an economy, it is considered as the point with highest output...

Q: Of the following, demand is likely to be the least elastic for Select one: OA diamonds OB. pink grap...

A: Elasticity measures the responsiveness of quantity demanded with respect to change in price.

Q: hallian demand function for good X and Y is given by: X* Suppose that P,4, a- 0.7, B = 0.4 and I-17 ...

A: Income elasticity of demand measures the degree of responsiveness of demand to change in the income....

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 200. 4a.What is the firm's marginal...

A: (4a) C = 500 + 10Q + 20Q2 Differentiate C w.r.t Q to get MC =&gt; MC = dC /dQ =&gt; MC = 10 + (20)*(...

Q: Draw and carefully label the Euro-U.S. dollar foreign exchange graph.  You must use the Euro/US $ ex...

A: Answer: An unexpected increase in the US inflation rate relative to the Euro Area will lead to depre...

Q: Consider the growth model with technological progress studied in the course and suppose that the eco...

A: Growth models allow us to quantify the most fundamental elements of the actual growth process by dem...

Q: Suppose further that there are only two individuals in the economy, A and B, and their utility funct...

A:

Q: Consider the market for electrical cars. The price of gasoline increases and the cost of producing e...

A: The term "equilibrium" describes the state of the economy when demand and supply forces collid. It i...

Q: How does a market failure cannot deliver theoretical benefits and what are its effects on the econom...

A: Market failure is a balance designation of assets that isn't Pareto Optimal - the likely reasons for...

Q: Data for the break-even analysis (per month) Selling rice per unit PhP 1,000 Variable cost per unit ...

A: Units Variable cost Fixed cost Total cost Total sales revenue Profit 10 =600*A2 16000 =B2+C2 =1000...

Q: Refer to the graph shown. Assume the market is initially in equilibrium at point b in the graph but ...

A: As the supply curve shifts upward the equilibrium price now changes.

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 10Q + 200?. 4a.What is the firm's margina...

A: In a profit maximizing perfectly competitive market the firm's supply curve is given by: P = MC so w...

Q: Mina wishes her friend, Yuri, to receive Php 1,000,000.00 twenty years from now. What amount should ...

A: Present value and future value are two important concepts in economics. Present value is the current...

Q: A company is evaluating four appliances to choose the best from an economic point of view. The usefu...

A: Given MARR = 15 % time of each appliance = 10 years  

Q: Which of the following statement(s) describe sunk cost? 1) All of the answers are correct 2) It chan...

A: To produce a good, two types of cost are incurred, variable cost and fixed or sunk cost.

Q: 5. Quick Freeze Inc. sells small 'easy carry' coolers suitable for chilling beer and soft drinks. Th...

A: Given  When the price of dry ice packets reduces from P1 $2.00 to P2 $1.00, the sale of easy carry c...

Q: 6. Suppose a man receives an initial annual salary of P 43,769.25, increasing at the rate of P 6,500...

A: Given: Initial Annual Salary=P 43769.25 Increase each year=P 6500 Interest rate=10%

Q: Suppose that K(t+5)/N > K(t+3)/N, where K(t+3) is capital in period t+3 and K(t+5) is capital in per...

A: Here, it is given that capital per worker in t+3 period is less than capital per worker in t+5 perio...

Q: (REAL-WORLD APPLICATION) We practice this because it is a very valuable skill to be able to summariz...

A: Introduction Mob and Rob are two players. They both selling products in the market and both of them ...

Q: All of the following have been used in the past as commodity money EXCEPT: O a. Salt. O b. Gold. O c...

A: Salt, Gold, and Silver were used as a medium of exchange in the barter system economy. But the water...

Q: A Company manufactures and sells one product. The product has the following cost and revenue data: S...

A: Selling price per unit of item = $70 Variable cost per unit = $30 Total expenses per month are as fo...

Q: A Suppose that we have the following data for Amazon operations in the US: Sales Cost of Goods $469....

A: 4. Calculation of amazon's contribution to gross domestic product :- Net income earned by Amazon = s...

Q: 4. A profit-maximizing firm has cost function C(Q) = 500 + 100 + 200?. 4a.What is the firm's margina...

A: The firms long run supply function is given by the condition:  P = MC And then we solve the equation...

Q: As the price of high-definition televisions has fallen over the last two years, more high- definitio...

A: Here, it is given that there is a decrease in the price of high-definition television and at the sam...

Q: Total Product Unit of Labor Product Price $ 2.20 1. 15 2.0 2. 28 1.8e 39 1.60 4. 48 1.40 55 1.20 6 6...

A: A firm should keep hiring labor till the marginal revenue product is more than the marginal cost of ...

Q: Yunqin always gets twice as much satisfaction from an extra burger as he does from an extra Boost ju...

A: A consumer is indifferent between any two combinations of two goods when it comes to making a choice...

Q: In the specific factor model with labour as a mobile factor, introducing trade lowers the...

A: Specific factor model The specific factor model assesses the real-world occurrence of certain produc...

Q: The price p (in dollars) and the quantity q sold of a certain product obey the demand   equation q=...

A: “Since you have asked multiple questions, we will solve the first question for you. If you  want any...

Q: American Airlines is considering expanding service into a new market. How would you assess the poten...

A: Since the 1970s, airlines have been early users of cutting-edge revenue-management (RM) systems. The...

Q: The following shows the monthly demand for oranges in my neighborhood. What is the price elasticity ...

A:   Meaning of Price Elasticity of Demand: The price elasticity of demand refers to the situation unde...

Q: What's the feds, Its purpose? Who is the person in charge?

A: Central banking system of the United States of America is called Federal Reserve system(Fed) .It was...

Q: Related to the Economics in Practice on p. 509: In Santa Cruz, red feathers from the Scarlet Honeyea...

A: Money is a commodity that is used to buy goods and services.

Q: Which of the following is an example of specific reciprocity? Group of answer choices (pick one) A.T...

A: Specific reciprocity is a practice in international trade by which two parties give to each other at...

Q: what are the benefits of economic growth to a country

A: Economic growth refers to the production of economic goods and services in the economy compared with...