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Assignment:
2 of the biggest topics in labor today are linked: raising the minimum wage and the effort to bring jobs back from overseas.
Look around you, either locally, regionally or in the news for businesses either coming back to the US or leaving the US for another country.
What reasons have they given for the switch? What are the likely effects on the local, regional, and national economy? How is this related to minimum wages?
But assuming it was legal, would the above scenario benefit or harm society from an economic perspective? Why?
Acme furniture retails a chair for $250. They believe that they could raise the price of the chair by 10% and sell 30 fewer chairs per year.
Discuss how the article relates to one or more of the Ten Basic Principles of Economics: People Face Trade-offs. Post University.
What happens to the marginal rate of substitution as you move along a convex indifference curve? A linear indifference curve?
Jim has a used car that is worth between 0 and 2000 pounds (an equal chance of each price in between). Doug is thinking of buying the car and knows.
A major point of the Baumol-Tobin model of the transactions demand for money is that they show that the
Describe the impact of the recent economic crisis in the U.S. on the automobile industry, with special reference to the operating costs and auto sales in the industry.
A computer software firm has developed a new and better spreadsheet program. The program is protected by copyrights
A large number of criticism have been levelled against the United States Federal Reserve System. Conduct a web search on the criticism about the system. do you agree with these reviews? Why or why not? What changes would you recommend to the sy..
When the Lavaland is currently at the point A on its PPF, how the production of tanks can be increased?
Does price equal or exceed average variable cost for the first 100 units? What is the average variable cost for the first 100 units? What is the marginal cost per unit for the first 50 units? What is the marginal cost for units 51 and higher
Discuss how scenario relates to producer and consumer surplus and how such surpluses, if any, affect buying and manufacturing decision
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