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Why do you believe legislation is passed to mandate minimum wages, when evidence, such as cited in Macpherson's article exists?
Define Absolute convergence in the Solow Growth Model. Define Conditional Convergence in the Solow Model.
Define the term innovation. Then, research what you think is an example of an innovative product or service. Include the following within your discussion: What is your product, and why do you feel the product you have selected is innovative within ..
The manager of a meat-packing plant can use either butchers (labor) or meat saws (capital) to prepare packages of sirloin steak. Based on estimates provided by an efficiency expert, the firm's production function for sirloin steak is given by Q=K+L. ..
You are the manager of the Santa Cruz Boardwalk Amusement Park, in Santa Cruz, CA, which offers a number of thrill rides to tourists. You consider your self a monopolist. What is the optimal “linear” (i.e. standard) price that you could charge? What ..
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
Who are the informal and formal gatekeepers in the community? Provide a rationale for your answer that includes how and why you identified these gatekeepers. What are the next steps for gaining buy-in from these gatekeepers, and why? Provide a ration..
The Toyota Prius broke open the market for hybrid cars. How did Toyota's rivals react to the introduction and success of the Prius? What evidence is there that Toyota has taken rivals' reaction into account when planning its marketing strategy?
Compare and contrast Keynes's theory of the speculative demand for money with Tobin's portfolio selection theory utilizing the expected utility hypothesis.
Suppose you are considering investing in a pharmaceutical company that is developing a new treatment for an incurable disease. If it is successful, the company’s stock price will increase from $30/share to $40/share. If the new treatment fails, the s..
The AAA Aquarium Co. sells aquariums for $20 each. Fixed costs of production are $20. The total variable costs are $20 for one aquarium, $25 for two units, $35 for three units, $50 for four units, and $80 for five units. In the form of a table, calcu..
A decrease in the price of resources will cause the AS curve to. If this year's price index number for good X is 125 then:
If you have four years child by the time he/she turns eighteen and you need a 100,000 for them and the interest rate is 4%. How much you need to save now? What is the present value? Andrew has $500 he put the side $500 semi annual and he planned to k..
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