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The UK government made a pledge to increase the number of apprenticeships to three million by 2020 as part of a broader initiative to encourage more young people into vocational training. An apprenticeship is a system for training a new generation of practitioners of a trade profession with the on-the-job training and often some accompanying study. The minimum wage for young (16-18) apprentices was increased significantly in October 2015, from £3.30 to £3.90 per hour. Explore the effect of such an increase? Please add graphs to represent the effect. What data would you need to measure the effect of an increase in the minimum wage for young apprentices?
A competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
Suppose venezuela imports TV sets at a price of $150 each. Under free trade, how many sets does Venezuela produce, consume, and import?
Explain why does the minimum salary seem to have the greatest impact on teenagers.
How do graph the demand & supply curves, equalibrium price & quanitity for the following:
Solve the following system of equations by graphing. If the system is inconsistent or the equations aredependent, say so. 9x-4y=5 27x-12y=15 (coordinates to graph)
Discuss on social diversity and business ethics and how has a more diversified labor force affected the corporate structure and economy?
What are the two effects of every price change Given two goods, "x" and "y", if the price of "x" increases (all else equal), what do each of the effects say will happen to the consumption of "x"? After the change, what can we say about the quantit..
Define these terms standard costing and variance analysis. Briefly try to explain them.
The consumption of which bar yields the greates marginal utility?The reason why people are charged for an additional can of soda they get from a soda machine, but are not charged for an additional paper taken from a newspaper dispensing machine, is..
What is the payoff for a put option with a strike price of $50 if the stock price at expiration is $65? Please provide detail of how you got your answer
The real money demand is Md/P= (Y/4) - 125i, where Y is the total output and i is the nominal interest rate of non-monetary assets.
What is the future of currency elaborating on different possibilities in future and potential challenges
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