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Why do you think that increases in legal minimum wages have induced restaurant chains. such as Applebee's and Chili's, to have customers use tablet devices for food orders? explain briefly
describe whether that combination leads to more or less growth over the next period.
What were construction workers’ real earnings in 1989 stated in 1982–1984 dollars?
Advertising as a Barrier to Entry: Consider the market for soft drinks. It is often said that advertising by an existing firm (say Pepsi) is a barrier to entry for other firms (say Joe's Cool-Aide Company) that might be considering entry into the mar..
Illustrates what happens if business taxes are reduced also the real interest rate increases
Suppose that income is m = 102, and prices are a = 2 and b = 5. Consider the following utility function: u(a,b) = (a + 2)(b +1) Find the utility-maximizing quantities of a and b. What is the maximum utility level that this consumer can achieve?
Does it matter if a central bank (Fed in US) is independent of the government? Why do you think that matters? What would happen (or likely to happen) if Fed was not independent of the US government? Can you think of any country that their central ban..
Own price elasticity of demand for clothes is -2 and cross price elasticity of demand between clothes and shoes is -0.5. if the store increases the price of clothes by 5%, what will be the change in revenue?
Consider the usual case where a higher wage rate increases a firms’ marginal costs. In this case, the industry’s demand curve for labor a. is more wage inelastic than the individual firms’ demand curves would indicate. b. coincides with the horizonta..
Show the balance sheets of Swede world only commercial bank after the initial deposits
A monopolist has two distinct, identifiable subgroups in its market. The market demand function for group A is Qa = 1000 – 4Pa and that for group B is Qb = 500 – Pb. With total cost given by C = 100Q, find the amount sold to each submarket and the pr..
Explain why cooperative approaches may stand up to legal review more easily in unionized plants than in non-unionized environments.
Why is their a growing disparity between the rich and poor in the US? What are some of the reasons for this and what should the government do to bring about growing equality with income? Do we as citizens have an ethical responsibility to help the po..
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