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A dozen cost $0.88 in January 1980 and 2.11 in January 2015. The average wage for production workers was $7.58 per hour in January 1980 and $19.64 in January 2015 for production workers was $7.58 per hour in January 1980 and $19.64 in January 2015.
By what percentage did the price of eggs rise?
By what percentage did the wage rise?
c. In each year, how many minutes did a worker have to work to earn enough to buy a dozen eggs?
d. Did workers' purchasing power in terms of eggs rise or fall?
What is Rousseau's purpose in writing an autobiography? Why is truth-telling so important to him ? What does Rousseau consider best about himself, what does he praise himself for or feel good about? What does Rousseau consider worst about himself: wh..
In the United States, the distribution of income is more equal than the distribution of wealth. Explain this idea and address how reducing inequality could be a macroeconomic goal. Finally, what insights would Marx provide on understanding why inequa..
Analyze the determinants of the price elasticity of demand and determine if each of the following products are elastic or inelastic:
Compute the present value of a perpetuity bond that pays a monthly cash flow of $1000 at an annual interest rate of 12 percent.
Consider a monopolist who faces a market demand curve for her product given by QD = 200 − 5p. The firm can product its goods using one of two technologies. Using technology A, what will be the equilibrium in the market? Suppose the market is made up ..
Define the three types of agency authority. List and discuss the provisions of the Family Medical Leave Act. What technology company recently adopted very generous provisions for medical leave for pregnancy?
Stacey and Betsy are contestants on a game show. They each select a wrapped box from four choices. They know that one box contains $100 and the other three boxes contain $1000, $10000, $100000. Stacey agrees to trade. Did Betsy’s husband give her goo..
Firms are able to price-discriminate when resale is impossible and groups of individuals are difficult to distinguish.
Compare the additional revenue Microsoft makes as it moves from 20 million to 40 million copies of Vista with the additional revenue it makes as it moves
What do you think is the future of such predictive capabilities?
An engineering company just purchased new CAD software for $8000 now and annual payments of $500 per year for 6 years starting 2 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 6% per year?
"Space" is not just meant as Captain Kirk's "final frontier" in Star Trek. "Space" is also a term used in design to have the purpose in a long-term care facility of compensating the enviornmental arrangements to accomodate lessened sensory acuity, an..
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