Already have an account? Get multiple benefits of using own account!
Login in your account..!
Remember me
Don't have an account? Create your account in less than a minutes,
Forgot password? how can I recover my password now!
Enter right registered email to receive password!
How do you calculate the free market wage rate given the labor supply and demand functions?
In 1996 Congress raised the minimum wage from $4.25 to $5.15 per hour. Some people suggested that a government subsidy could help employers finance the higher wage. This exercise examines the economics of a minimum wage and wage subsidies IN A MAKE-BELIEVE COUNTRY.
Suppose the supply of low skilled labor is given by LABOR SUPPLY = 10*w millions where w is the wage rate [in dollars per hour]. The demand for labor is given by LABOR DEMAND = 80 - 10*w millions.
a) What will be the free market wage rate and employment level?
b) Suppose the government sets a $5.00 per hour minimum wage. What will be the employment level?
c) Suppose the government pays a subsidy of $1 per hour directly to the employee. What will be the market wage and employment level? How much will the government pay per week [suppose every laborer works 40 hours].
Assume you are a financial advisor to an investor whose portfolio consists of 400 shares of Delta Cruise Inc. stock and 10 put options on the same stock.
Explain why competitive markets normally lead profit maximizing firms to make choices about resource use that lead to an "efficient" allocation of resources to the market?
Select a U.S. multinational company. In terms of currency denomination, discuss how the firm prices its revenues and costs.
Suppose two nations are considering specializing in either calculators or personal computers. If solely producing calculators, country A can produce 300 and country B can produce 400.
Differentiate and contrast public goods, private goods, common resources, also natural monopolies with Brazil as well as the United States with bio fuel.
Describe the neoclassical theory of economic growth. Then explain how the neoclassical theory is impacted by research about endogenous technological changes and increasing marginal returns.
Illustrate to what extent is Walmart's financial health affected by fiscal also monetary policy.
Classify the following utility functions as risk averse, risk neutral or risk seeking and draw the relevant diagrams
Explain how would the edgeworth box change. How would the production possibilities frontier change as a result
Illustrate what happened to employment during the rest of 2008. What are some of the alternatives to a tax cut that might have been used.
Depends on the data above, describe why public health officials generally advocate the use of cigarette taxes to reduce teenage smoking.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!
whatsapp: +1-415-670-9521
Phone: +1-415-670-9521
Email: [email protected]
All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd