1. Contrast the market demand/supply curves and the individual firm’s labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm’s

1. Contrast the market demand/supply curves and the individual firm’s labor supply/demand curve in a perfectly competitive labor market. How does the law of diminishing marginal returns affect a firm’s demand for labor? 2. Law enforcement officers are tasked with the responsibility of keeping citizens in their community safe from criminal activity. This includes ensuring that the rights of individuals are not violated. Have the courts provided adequate protection to citizens against officers who have exceeded their authority? Explain. In which areas of search and seizure do feel that the courts have not gone far enough? Support your position. In which areas do you feel that the courts have gone too far? Support your position. 3. The manager at a hotel claims that the average occupancy of the rooms at the hotel during the Christmas season is more than 80%. Room occupancy records from the last 8 seasons shows an average occupancy of 83%. Is the manager’s claim valid at the 5% level of significance?

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