1. Monopsony. The dominant employer in Davis is UCD. Some argue that UCD uses its market power to lower the wages of some of its staff, especially those in lower-skill jobs. Show how this would work, using an inverse supply of labor of w=3+0.2(L) , where L is the number of hours worked per month […]
Q1. Suppose demand function for good x is estimated to be Qx = 8000 – 400Px + 200Py + 0.5I I = Average income; Px = Price of good x; Py = Price of good y. If Px = $100, Py = $50, and I = $60,000 a. Plot the demand curve for x, label […]
Monopolies and New Entrants Snack food vendors and beer distributors earn some monopoly profits in their local markets but see them slowly erode from various new substitutes. When California voted on legalizing marijuana, which side would you think that California beer distributors were on? What about snack food vendors? Why? Make sure you think about […]
Select a 1-5 grade level and a corresponding Arizona College and Career Ready Standard or other state standard based on the Number and Operations in Base Ten domain. Design and complete the National/State Learning Standards, Specific Learning Target(s)/Objectives, and Learning and Teaching Activities sections of the COE Lesson Plan Template. Be sure to include appropriate […]
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