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Why wouldn't the large corporations just pay more and outbid small businesses for the labor without a minimum wage? How does fixed cost relate to real world experiences?
State whether you agree or disagree with the following statement. "A good with a downward sloping demand curve could be either normal or inferior. Explain.
If the fast-food industry is monopolistically competitive, a profit-maximizing firm in this industry sells its product at a price:
Estimate the regression model (E) using the OLS estimator and provide a summary report of the result (i.e., the estimated equation with the standard errors and/or t-ratios with other relevant statistics).
Characterize this as an example of a positive or a negative externality and the efficient level of a negative externality is always a positive amount.
for the firm the major goal of profit sharing plans is to?sdfasdfkaldnfkaljdkfaldkldadafdadsfdcasdf
If a worker can produce 20 units of output which can be sold $4 per unit, what is the maximum wage that firm should pay to hire this worker?
Assume that there is another boom in the U.S. stock market. As a result we would expect: Assume there is an increase in domestic economic growth in the United States. As a result we would expect:
1. lenders perceive that you are risky so you must pay 12 percent annual interest to borrow from one of them. you only
Explain the three types of goods: search goods, experience goods and credence goods. What type of advertising would firms likely use for each type of good and why?
Suppose there are two types of workers: high-ability and low-ability. Workers know their own abilities but firms do not. A high school diploma costs a high-ability person $10,000 and costs a low-ability person $15,000.
1. suppose the demand curve for a good is given by the equation p 200 - 12 q and the supply curve is given by the
What is an "oligopoly" and why do they exist? Mention three or four oligopolies whose products you own or regularly purchase.
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