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Recently, New York State increased minimum wages to $10.50/hr with a plan to increase over the next 3 years to $16/hr. What are the intended and unintended consequences of such a public policy?
1. Discuss the ethical issues of social networks and anytime, anywhere accessibility.(With 1 Reference and minimum 80 words)
Why is the U.S. GDP so much higher than that of Mexico? Would the same reasons apply when we compare the U.S. GDP to Canada's GDP?
For most normal goods the income effect and the substitution effect work in the same direction; so when the price of a good falls,both the income and substitute effects lead to a higher quantity demanded. how would this change if the good is an infer..
Consider a copy shop with annualized fixed costs of $1000 and variable cost of $0.03 per page. The shop presently has orders for 100,000 copies at a price of $0.05 per page. What is the shop’s average cost (AC) without taking the new order? Is it les..
Some people claim that the "economic way of thinking" does not apply to issues such as health care. Elucidate how economics does apply to this issue by developing a "model" of an individual's choice.
Total cost is a function of output Q. TC = f (Q). The average total cost function can be found by dividing the total cost function by Q. What does the first derivative (dATC/dQ) of the ATC function show?
If the working-age population is 215 million, the labor force is 145 million, and the number employed is 137 million, then the labor-force participation rate is
Today’s urban transportation planning process is being impacted by the President’s Stimulus Plan. High speed rail is one such option to congestion along the highways of urban areas. These projects have two sides to them. Discuss how this Stimulus Pla..
The substitution effect resulting from a wage increase is larger when
Supposed we include X1 in our single regression € Y = β0 + β1X1 + u , but we leave out X2, a variable that is negatively correlated with the included variable X1. X2 is a determinant of Y (the dependent variable), and the effect of X2 on Y is positiv..
For this assignment, you will create a wireless network design strategy. The wireless network strategy is the overall umbrella encompassing wireless access controllers (WACs) and wireless access points (APs).The wireless service provider can play ..
Economies of scope refers to. Consider a market consisting of two firms where the inverse demand curve is given by P = 500-2Q1 -2Q2. Each firm has a marginal cost of $100. Based on this information, we can obtain the reaction function of firm 1 is:
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