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Draw labor supply and demand curves for cashiers in Hadley supermarkets.
1. Show the effect of a rise in the minimum wage to above the current wage rate.
2. Do you anticipate large employment gains or losses?
3. Show the area of wages (employment times the wage). What happens to this area with the increase in the minimum wage?
4. Would you favor a higher minimum wage?
Suppose that some foreign countries begin to subsidize investment by instituting an investment tax credit. What happens to the investment in our small open economy? What happens to our trade balance? What happens to our real exchange rate?
Warner Brothers is considering making the next 3 Superman movies at the same time, for a total of $400,000,000. The movies will each generate the same revenue, but be released in years 1, 2, and 3. What is the revenue required for each film so that t..
Susan is a single taxpayer, 26 years of age, with AGI of $28,000 and no tax exempt income. She did not have minimum essential coverage for 9 months in 2014. Compute Susan's individual shared responsibility payment for 2014. Do not round your calculat..
write an explanation of the short-run effect including the determinant of ad or as that is causing the shift the line
Suppose that the government increases taxes by $150 billion. Suppose that the MPC is .80 and that there is no crowding out effect. Which is the effect of this change in Yd, in C and aggregate demand?
Which economic decision makers determine the demand for labor. What are their goals. Illustrate the decision criteria do they use to reach their goals.
What is the marginal rate of technical substitution of labor for capital at any point along an isoquant?
The government has decided that the free-market price of cheese is too low. Suppose the government imposes a binding price floor in the cheese market. Draw a supply-and-demand diagram to show the effects of this policy on the price of cheese and the ..
Skyscraper City has a subway system, for which a one-way fare is $1.50. There is pressure on the mayor to reduce the fare by one-third, to $1.00. The mayor is dismayed, thinking that this will mean Skyscraper City is losing one-third of its revenue f..
Which one of the following statements about discretionary fiscal policy is correct? A. Discretionary fiscal policy refers to any change in government spending or taxes that destabilizes the economy. B. Discretionary fiscal policy refers to the change..
(All numbers in the thousands) In May 2015, the civilian non-institutional population was 250,455. The number of employed workers was 148,795. The number of unemployed workers was 8,674. The number not in the labor force is 92,986. What was the unemp..
How far in advance is it worth proving out reserves? b: If the real discount rate were 10%/yr, what is the max time delay?
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