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Modern Labor Economics - Ehrenberg
Discuss the factors bearing on the observed earnings gap between median levels of pay for the 60 - 80th percentile of earners (or 4th 'quintile') and the 20 - 40th percentile (or 2nd quintile.)Then discuss issues that bear on how well quintile analysis describes the actual levels of inequality in compensation (and indeed well-being) among individuals in society.
Then discuss issues that bear on how well quintile analysis describes the actual levels of inequality in compensation (and indeed well-being) among individuals in society.
Explain how the Typical Firm also Industry Delivery also Demand to analyze the impact of this tax.
A combine used for harvesting corn was purchased new 6 years ago for $400,000 with the intention of using it for its full asset life of 25 years (when its salvage value would be zero). It has a book value of $125,543 and can be sold for $130,000 now...
A market has a demand curve described by P=30-Q, a supply curve described by P=16+Q, and a price ceiling of 20. Calculate the Total Surplus of the market with the price ceiling?
Suppose my grand grandmother in 1909 put $100 in the bank account for me. The bank has been paying the compounded (annual compounding) interest rate of 5% per year. If I go and pick up this money now (that is in 2009) how much money will I get?
Compute Macaulay and modi?ed durations for the following bonds:
A risk-neutral individual would:
The success of the apple ipad leads more firms to begin producing tablet computers. In the six months following the japanese earthquake and tsunami in 2011, production of automobiles in japan declined by 20 percent.
Describe an example of a real-world industry or market that would be considered by economists to be a natural monopoly. What characteristics of the industry make it a monopoly? What is the impact of the monopoly power on its customers?
Consider a two-period economy with a single commodity (say leisure): x1 is the consumption of leisure in period 1, and x2 is the consumption of leisure in period 2. When Peter evaluates consumption streams, he cares only about the best time in his li..
The present value of a perpetuity that pays $F every year when the annual rate of discount is i is? Consider a three-year fixed-payment security that has a present value of $1,000. If the annual rate of discount is 7 percent, the payment made at the ..
Suppose a monopolist faces the following market demand: What is the firms marginal revenue and the desired amount of units of production to maximize profit?
Lenny was a resident of Maine and Milly was a resident of Arizona. Both went on vacation to Nevada. When on the golf course, Lenny drove the golf car recklessly, hit Milly, breaking her back. Milly suffered damages of $84,000. Indicate which states ..
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