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Suppose you want to test whether the 1993 FMLA actually affected the wages of female workers. Assume you have data on the wages, gender, firm size, and other characteristics (age, education, race, ethnicity, etc.) of workers for the years 1990 to 1997. Describe a research design that would allow you to estimate the law’s impact. Be sure to define your treatment and control groups and describe how you would estimate the effect. Suppose that women and men are substitutable in most jobs regardless of a firm’s size. How does this affect, if at all, the validity of your control group(s) and the interpretation of your findings? (Think about what can happen as a result of an adjusting labor market equilibrium.)
How does a country get a comparative advantage? How would you be able to figure out which product categories or industries the United States has a comparative advantage in?
In order for a price-discrimination scheme to be effective at boosting profit, the seller must...
According to the equilibrium principle,
suppose the cost function is cq 50 q - 10q2 2q3. what is the marginal cost of producing 10 units? my teacher said it
Ed and his wife Kathie own all of the stock of Crispin, Inc. Kathie is the president and Ed is the vice president. Kathie and Ed are paid salaries of $500,000 and $350,000, respectively, each year. What are Ed and Kathie trying to achieve by hiring t..
If average fixed cost equals 40 and average total cost equal 100 when output is 10 then total variable cost when output is 10 must be?
A machine with a useful 10 year life is to be depreciated by the MACRS method over 7 years. The machine has a first cost of $35,000 with a $5,000 salvage value. Its annual operating cost is $7,000 per year. The depreciation charge in year three is ne..
Suppose the government increases spending by $30 billion and raises taxes at by $20 billion at the same time. Then, interest rates will most likely stay the same.
Suppose you manage a perfectly competitive firm. Your short-run total cost is given by the following: TC=200+2q2, where q is the quantity produced by your firm. Given this total cost, the firm's short-run marginal cost is given by: MC=4q. If the mark..
Suppose coal is only to be extracted over two periods. The inverse demand for coal is estimated to be P = 300 - Q, where P is the price of coal and Q is the quantity demanded. The marginal cost of extraction is given by MC = 2Q. What level of extract..
The price of gasoline is $2.50 per gallon at the closest gas station, but is only $2.30 per gallon at a gas station two miles away. By driving to the farther gas station, opportunity cost is:
The first cash flow of a 25-year series of quarterly cash flows is equal to $35,000. Each cash flow in the series increases by $800. Find the amount of each cash flow in an equal quarterly cash flow series that is equivalent to the increasing cash fl..
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