Afictional country named guilder has a population with higher levels of income than other nearby countries. this extra income has been a success in the past for guilder’s manufacturers because they can market their goods and wares with great success. this year, however, much of the population already owns many of the products produced in guilder. thus the products made in guilder have reached market saturation. this type of market experience happens in which type of economically classified country?

The revenues of a company increased by 39% in year one and decreased 22% in year two. what is the overall change over the two-year period?

Suppose a firm faces a fixed price of output, 푝푝= 1200. the firm hires workers from a union at a daily wage, 푤푤, to produce output according to the production function 푞푞= 2퐸퐸12. there are 225 workers in the union. any union worker who does not work for this firm is guaranteed to find nonunion employment at a wage of $96 per day. a.what is the firm’s labor demand function? b.if the firm is allowed to choose 푤푤, but then the union decides how many workers to provide (up to 225) at that wage, what wage will the firm set? how many workers will the union provide? what is the firm’s output and profit? what is the total income of the 225 union workers? c.now suppose that the union sets the wage, but the firm decides how many workers to hire at that wage (up to 225). what wage will the union set to maximize the total income of all 225 workers? how many workers will the firm hire? what is the firm’s output and profit? what is the total income of the 225 union workers? [hint: to maximize total income of union, take the first order condition with respect to w and set equal to 0.]

Job applications give employers uniform information for all employees,making it easier to