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In article 2.6 in Dollars & Sense, current research reveals that minimum wage is not set too high! In keeping with your reading of Mankiw's ch. 6, what does this mean in terms of minimum wage being a price floor? Is our current Washington State minimum wage ( $9:32/hr as of January 2014) a binding price floor? What effect does the minimum wage have on unemployment? Use the arguments in the article along with the model laid out in your textbook to help you answer the question. Give an example of a price floor (aside from minimum wage) that has an effect on a group of people. Should the price floor be maintained? Why or why not?
What is a convertible bond and why do investors find such bonds attractive? What advantages do convertible bonds have for the issuing firms? What stakeholder group might be harmed when a firm issues convertible bonds?
A grocery store notices that the cross-price elasticity between ice cream and chocolate syrup is -.3. The store is advertising a sale with ice cream prices reduced by 20%. By how much should they expect chocolate syrup sales to increase?
a monopolist has two types of customers. there are 100 of type a who will each pay up tp 10 for a single unit of the
the largo publishing house uses 400 printers and 200 printing press to produce book. a printers wage rate is 20 and
An rise in the marginal propensity to will reduce the size of expenditure multiplier and therefore the IS-curve will shift to the
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The manager concluded that they were most likely to win when the third-string team played the most, and he therefore recommended that the third-stringers should become the first string.
Hasbro is approached by a savvy economist who has figured out a way to identify each market and segregate them. The demand from bronies and little girls is as indicated above.
identify the 10 largest electoral vote states. construct a table that classifies these states by geographic region. use
assuming that overall taxes are cut by 10 percent across the board. What will this change do to disposable income, consumption, and the multiplier
customer service level, even if that means some products will occasionally be out of stock, if it gets products at a lower price. For its large retail hardware customers (like Home Depot), United regularly ships smaller orders directly to individu..
jeffrey swift has been a messenger used by a couple of the local businesses where the discrimina inc. machine shop is
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