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Question: You have been working too many hours at your part-time job (which pays $15 per hour), and your Economics marks are suffering. Your parents, want you to do better in school but recognized your desire for cash, offers you this deal. For every 1-percent increase in your mark on the next test, they will pay you $9. You estimate that one additional hour of studying will raise your mark 7%; a second hour of studying will raise your mark 5 percent; a third hour, 4 percent; a fourth hour, 3 percent; and a fifth hour, 1 percent. a) If all you are trying to do is make the most money, how many hours should you study? b) How will change your answer, if your boss gets desperate and offers to pay $16 an hour?
What is the number of employed people in Richville? Explain how you got your answer. What is the number of unemployed people in Richville? Explain how you got your answer. What is the labor force equal to in Richville
general cereals is using a regression model to estimate the demand for tweetie sweeties a whistle shaped sugar-coated
compare and contrast inflation and deflation. what are some of the damaging effects that each has on an economy? what
What purposes does the regulation or policy serve - Give a specific example of how the regulation or trade policy might impact developing nations.
Calculate the percentage decrease in quantity due to 10% increase in price - what would be the change in the demand for college and university education?
you are tasked with evaluating a project for reducing nutrient nitrogen and phosphorus loading into the gulf of mexico
Discuss the current monopoly to provide a brief overview of the company. How did the monopoly arise? Did the monopoly increase barriers to entry? Does the company behave like a monopoly or more like a competitive firm?
Find out the quantity demanded, the quantity supplied, and the magnitude of the shortage if a price ceiling of $30 is imposed in this market. Also determine the full economic price paid by consumers.
1. assume nail mania advertises in the local newspaper. each day it advertises costs 100. over the past several months
Suppose a consumer maximizes U(C,l) = ln(C) + ln(l), where C is consumption and l is leisure. The maximum time available for work and leisure is 1.
Identify and discuss extensively various types of fraud as related to banking operations in Kenya given reasonable examples.
Under what conditions is the production possibilities frontier linear rather than bowed out? Explain how absolute advantage and comparative advantage differ
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