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Advocates of higher salaries for teachers point out that most teachers have college degrees and that teaching children is an important job.
A.) Why aren't teachers salaires higher, given the importance of the job and the education required?B.) Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household?
Describe and explain the interest parity concept using formal methods Explain IS and LM curve behavior and nominal interest rate in the domestic economy,
A colleague tells you that he can get a business loan from the bank, but the rates seem very high for what your colleague considers a low risk loan. a. Give an adverse selection explanation for this, and offer advice to your friend on how to solve ..
Describe the firms optimal advertising-to-sales ratio.
Plain Truth Adverting employs KPR, a large accounting firm, to audit its books each year. This involves considerable expense for the advertising firm, since its sales account managers are very independent and maintain separate record keeping syste..
Assume Congress decides that oil companies are making too much profit and decides to tax oil companies for each gallon of gasoline produced. This would Answer shift the average fixed cost curve down. shift the marginal cost curve up.
Using a traditional game theory 2x2 matrix, show how this law prevents a prisoner's dilemma and thereby actually makes models better off. In other words, show what the game theory matrix looks like without this law.
Is government intervention needed for our economy to run well? Why or why not? Please write a 2 page double spaced paper using APA formatting.
How does N, the number of firms in the market, affect each firms demand curve? Why. b. How many units does each firm produce? (The answer to this and the next two questions depend on N.) c. What price does each firm charge? d. How much profit does ea..
Atlantis is a small, isolated island in South Atlantic. The inhabitants increase potatoes and catch fresh fish. The accompanying table shows the maximum yearly output combinations of potatoes and fish that can be produced.
Explain her change in consumption in terms of income and substitution effects (give a precise quantitative answer). Is this a Griffin good (how do you know)?
1 if c0 392 i 1192 g 779 x 386 mpc 0.97 t 0.18 and mpi 0.13 all numbers are in real terms and billions.a
Pick a real-life rm that bundles products in some way. Describe how this pricing function is a form of price discrimination; in other words, why do some consumers effectively "pay more" for a particular product than other consumers do? Why is it a..
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