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Question
On April 1, 2009, in the middle of a recession, the government of the province of Ontario, Canada increased the provincial minimum wage from $8.75 to $9.50. What will the likely effect of this policy be?
Explain which of the following items in each pair is more price elastic. The demand for a specific brand of toothpaste and the demand for toothpaste in general. The demand for gasoline in the short run and the demand for gasoline in the long run.
Which is the safer investment, Company A Stock, Company B Stock, or a porfolio containing half of each If you make a lucky prediction about the prices of the stocks of the two companies, will you earn more or less if you invest in that company rat..
Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever. What is the maximum amount that she can withdraw at the end of each year?
The following calculator shows the supply curve for sedans in an imaginary market. For simplicity, assume that all sedans are identical and sell for the same price. Consider the previous graph. Suppose that the price of a sedan decreases from $ 26000..
The current exchange rate between the U.S dollar and the Chinese yuan is $1=6 yuan. How many dollars will the American company have to convert into yuan to pay
Make a list of businesses that provide goods and services that you or your family members use in a typical week.
Two software companies, Firm 1 and Firm 2 sell competing products. Let pi and xi be the price and quantity sold by Firm i, i = 1, 2. The demand functions for Firm 1 and Firm 2are given by x1 = 1000(90 – 1/2 p1 + 1/4 p2) and x2 = 1000(90 -1/2 p2 + 1/4..
Show the profit-maximizing price and quantity. Show the producer and consumer surplus. Show the deadweight loss from monopoly. What is the implied competitive equilibrium? Is the firm operating at a profit or a loss (how do we know)? If it’s operatin..
Suppose a monopolist firm produces a medicin and can engage in 3rd price discrimination. MC=$8. In US, demand function: Qus=20-0.5P; In Canada, demand: Qcan=20-P. if the monopolist charge same price in US and Canada, the relevant portion of demand cu..
Do people of lesser means in America feel the impact of pollution disproportionately to those of greater means? What does this impact potentially mean?
Discuss the additional risk factors (as compared to developed countries) in creating financial crises. Discuss the causes of the savings and loan meltdown in the 1980s. Why did it not bring down the banking system? Discuss the shadow financial system..
The Coppock Bank has $34,000,000 in deposits. If borrowings are $7,000,000, reserves are $3,500,000, and owner's equity is $2,000,000, what are the bank's total liabilities and net worth? A Bank can make loans when:
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