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Question: Suppose a group of high school friends work at the same fast-food restaurant. They all dislike the manager because she doesn't allow them to swap shifts with one another whenever someone has a big exam to study for or a date. One of the friends suggests that they all agree to walk out if the manager doesn't change her policy. Explain whether the manager will change her policy to avoid a walkout.
Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hour. Using marginal productivity theory, explain how a change in minimum wage affects the employment of unskilled labor?
Domino's pizzas were selling for $5 a pie! The quantity of pizzas demanded soared the following week from 40 pies an hour to 80 pies an hour. What was price elasticity of demand for Domino's pizza?
you are in charge of setting the optimal price for tickets for a local hockey team. nbspthe demand schedule for
Describe how the industry involves the guest in order to provide quality service. Summarize two service standards the industry uses to meet customer expectations.
suppose that velocity is constant at 9 but the nominal money supply increases from 1.5 to 1.8 trillion. what must
Suppose further that the MPC is 0.85, that the marginal propensity to import is 0.05, and that income is taxed at a proportional rate of 0.25. What is the level of real GDP demanded?
Suppose there are two very similar countries. Both countries have the same population and neither is experiencing population growth
How many oranges will the United States import or export after introduction of the tariff?
All investors actually face two dimensions of risk tolerance: their willingness to take risk and their ability to take risk. First, what is (are) the primary factor(s) that determine(s) each? Next, why would they be (are they) different
A difference between the economic long run and the short run
Why did the budget surpluses in 2000 and 2001 give to a series of budget deficits beginning in 2002? Why did those deficits increase substantially beginning in 2008?
Create three optimal decision rules for Katrina's Candies (e.g., whether to hire more staff or hire temporary workers to meet production schedules).
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