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Assignment
Suppose that the new administration hires you to researchtwo alternatives for hourly pay. The first is a free market where supply and demand determine hourly pay. The second alternative is where a $16 per hour minimum wage is set for all jobs. Based on what you have learned in class and at least two scholarly articles on the topic that are no more than five years old, write a 3-4 page paper in APA format examining the advantages and disadvantages of both plans. Then select the one you think is the better alternative and explain why.
Write about the problem or issue as if you are explaining it to someone who has never taken an economics class. Be sure to explain the key concepts and terminology of both microeconomics and macroeconomics within your paper.
For your selected product, if the government places a mandated price ABOVE the equilibrium price, how would this affect the market equilibrium? Would you rather have the forces of demand and supply determine the price of gasoline, or would you prefer..
Suppose changes in bank regulations expand the availability of credit cards so that people need to hold less cash.a. How does this event affect the demand for money?
Suppose the market for hospital outpatient treatment is in equilibrium when a price ceiling is set below the equilibrium price. What do you expect to happen?
When appropriate, the optimal solution to a maximization linear programming problem can be found by graphing the feasible region and: finding the profit at every corner point of the feasible region to see which one gives the highest value.
ann mccutcheon is hired as a consultant to a firm producing ball bearings. this firm sells in two distinct markets each
An investor is considering the construction of a new marina on the Detroit river at a cost of $68m. M&O costs will average $80,000 per year for the first five years, and rise to $100,000 per year thereafter. A major overhaul costing $12m will be requ..
what has happened to the value of the u.s. dollar relative to the japanese yen over the past six months? what fiscal
How might the combined carbon tax and dividend scheme change the household's consumption bundle and its wellbeing relative to the pre-tax situation?
I. Suppose the interest rate for a 1-year $1000 Treasury bond is 1%. a. What will be the price and yield for a 1-year BB-rated corporate bond if the probability of default is 6 percent. b. What is the yield spread between the two bonds.
draw the cheese market for the united states showing the world price as the price for this market. how much cheese does
Compute the elasticities for each variable. On this basis, discuss the relative impact that each variable has on the demand. What implications do these results have for the firm's marketing and pricing policies?
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