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Question: You live in a household with yourself, a partner, and two children (3 years old and 5 years old). Your monthly income is 5659$ and your monthly expense is 4700$. If we put the living wage is calculated, I get $6307. To what extent would a 'living wage' help this family?
Explain your answers using the economic concepts and theory discussed in this unit. You will be rewarded for linking the theory with a real life example.
Write 1050 words paper on the automobile industry. Prediction for near future and long run future profit levels for the industry.
What will happen if economic profits are greater than 0 in perfect competition? What about if profits are greater than zero for a monopoly? Be certain to explain why there is a difference by incorporating the characteristics of each market struct..
A price consumption curve and a demand curve an individual demand curve and a market demand curve
The demand distribution for the next month is 35% for 1 kiosk, 25% for 2 kiosks, 25% for 3 kiosks, and 15% for 4 kiosks. Determine the optimal level of kiosks for Joel to commit to for the next month
Competitive industry, market determined price =$12, Output = 50 units, ATC = $10, Marginal cost = $15, AVC = $7-Is this firm making the right profit maximizing decision? If yes, why and if not, what should this firm do?
A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $85,000 and have a $20,000 market (salvage) value at the end of its five-year life. A new system with..
A research essay on whether or not big music festivals are worth the money that consumers pay, whether or not it is beneficial to society/the city which it is being held in.
roberts new way vacuum cleaner company is a newly started small business that produces vacuum cleaners and belongs to a
What does this exercise show about the standard deviation? The idea is to illustrate that the standard deviation is not a function of the value of the mean
US Airways (American Airlines) owns a piece of land near the Pittsburgh International Airport. The land originally cost US Airways $375,000.
Most government policy decisions have winners and losers. What are the effects of raising the minimum wage? It is more complex than simply producers lose.
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