Consider two hypothetical countries, Alamgir and Ertil. Both countries produce iWidgets, and the price of iWidgets is higher in Larger than in Ertil. If Alagir and Ertil open to trade, producers in would be more likely to lobby their government for an import tariff on iWidgets in order to protect themselves from foreign competition.

Which of the following statements about the effects of the tariff compared to free trade are correct? Check all that apply.

A. In Ertil, producers of iWidgets are willing to expand output.
B. In Ertil, some workers at retail and shipping companies that import iWidgets lose their jobs.
C. In Ertil, workers in iWidget importing companies see more jobs available to them.
D. In Alagir, workers in iWidget importing companies lose their jobs.
E. In Ertil, consumers pay more for the homemade iWidgets.

In mexico, many garment or sewing shops found they could entice many young people to work for them if they offered clean, air conditioned work areas with high-quality locker rooms to clean up in after the work day. typically, traditional garment shops had to offer to get workers to apply for the hard, repetitive, and somewhat dangerous work. a. benchmark competitive wages b.compensating differentials c. monopoly wages d. wages based on human capital development of each employee

(30 total points) suppose a firm’s production function is given by q = l1/2*k1/2. the marginal product of labor and the marginal product of capital are given by: mpl = 1/ 2 1/ 2 2l k , and mpk = 1/ 2 1/ 2 2k l . a) (12 points) if the price of labor is w = 48, and the price of capital is r = 12, how much labor and capital should the firm hire in order to minimize the cost of production if the firm wants to produce output q = 18?

Afirm wants to hire a project manager (pm) at a salary of $100,000. 30% of pms have high ability, and 70% of pms have low ability. high ability pms generate $120,000 in revenue and low ability pms generate $80,000 in revenue. in addition to differences in productivity, high and low ability pms have different outside offers. if a high ability pm is not hired by the firm, she can work for another company at a salary of $80,000. if the low ability pm is not hired by the firm, she can work for another company for $70,000. high ability pms are also able to get a project management professional (pmp) certification at a cost of $1,000. low ability pms are unable to get a pmp certification (they would fail the test). the firm is not able to observe a pm’s ability, but is able to observe and verify whether or not the pm has a pmp certificate.(a) draw the extensive form of the game.expert answer