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Problem: Assume that a 10% increase in the minimum wage causes a 15% decrease (or reduction) in employment. How would this affect employers and how would it affect workers? In your opinion, would this be a good policy?
David, a retailer, bought stock with a total list price of £7,500 and was allowed a trade discount of 15%.
Assume you are making a presentation to the board of directors concerning your investigation into the economic issue you submitted for your Learning Team assignments in Weeks Two and Three.
supply qs600100pdemand qd1200-200pwhere qs is the supply of packs of cigarattes and qd is the demand for packs of
If the government steps in to regulate a market, setting a price floor above the free market equilibrium price, will demand increase or decrease compared to the free marker equilibrium? Can you name any industries where the government sets price floo..
In the aggregate expenditure model, suppose that consumption function is given by C=800+0.58(Y-TP), that planned investment (I) equals 250, and that government buy
Calculate the expected net present value of the project.
Suppose that deterioration in the education level of the U.S. population reduces the marginal product of labor.
1. why have economic analyses of clinical and administrative innovations become more important?2. a clinic finds that
In 2009 output for the country of OZ was 14,300 tons of potatoes and the total labor force 1,150 workers. the growth rate of average labor productivity between 2008 and 2009.
The greatest increase in government spending is "entitlement" spending which represents mostly medicare and medicaid. The national goal is to reduce healthcare costs. Should we reduce healthcare costs? why or why not and how?
Define monetary policy and who implements monetary policy. Identify the tools of monetary policy and the intended goals of using this policy
Economists argue that successful business depends on creating sustainable and effective supply and demand networks. If you own (manage) a business, how do you create effective demand and effective supply to maximize profit?
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