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In principle, the government could impose separate minimum wages on distinct occupations. Suppose the government imposed a minimum wage of 20 percent over their respective market wages for ditch-diggers and university professors. Would this create greater (proportional) job losses among ditch-diggers or university professors? Explain. (In formulating your answer, consider the four Hicks-Marshall laws of derived demand.)
A 0.20-kg metal sphere oscillates at the end of a vertical spring.As the spring stretches from 0.13 to 0.21 m (relative to itsunstrained length), the speed of the sphere decreases from 5.3 to4.6 m/s. What is the spring constant of the spring?
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
How much does consumption change this year in absolute dollars ($ ΔC) as a result of a $5,000 annual tax cut to your income, if the tax cut.
Compute demand of price elasticity of for natural gas sold to the US.
q1. options traders appeared to be taking a bullish approach to target.illustrate what does a bullish approach mean?
What happens to price and output in the Cournot, Bertrand, and Stackelberg models if marginal costs increase by 10 percent? The market demand is p = a ? bQ and the marginal cost is constant across firms, i.e. mc1 = mc2 = c. You may consider for two f..
demand for a good of an industry is given by the equation pq=100, where p is the price and q is quantity and supply is given by the equation 20+3p=q. find out the equation price and quantity
Illustrate what principles should guide policy makers. Should they cut spending and raise taxes to reduce the national debt over time. Or does the level of the national debt really matter.
Illustrate and explain the movement of the aggregate demand and aggregate supply curve both in the short and long run.
Assume that a bundle of goods deemed representative of the cost of living as of Jan. 1, 1965 is valued as $100. Assume that a similar bundle of goods deemed representative of the cost of living as of Jan. 1, 2015 is $525. Using these bundles of goods..
Compute market price, quantity of wheat produced, and the new equilibrium number of farms in this new situation.
q1. 1. give an example of an organization or business in your area that performs the form function and explain why you
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