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Assume government imposed a minimum wage above what otherwise would be equilibrium wage rate for the segment of labor market. Use a supply and demand framework of analysis, what do you expect to happen to employment in this segment of the labor market? [Suppose that inflation and economic growth are both zero.]
Explain why does the minimum salary seem to have the greatest impact on teenagers.
Illustrate what is the relationship between the trade situation, the value of the dollar, the national debt and the budget deficit/surplus.
Most households supplements their food budget by cultivating small vegetable gardens.explain how each of the following migth influence this kind.
Plot both together on a supply-demand graph. Calculate the equilibrium P and Q, and show them on your graph as well. Also calculate CS (consumer surplus) at the equilibrium.
Explain how will reduced smokers affect the GDP in the long and short run. What does increased revenue from cigarette taxes do to the deficit and budget.
When 50 employees are used, the average product of labor is 50 and the marginal product of 50th worker is 75.
Write a 400- to 700-word memo to the economic adviser. Describe the change in tax revenues for the government in the new equilibrium, in both the short and longer terms.
Solve for the price and quantity that the monopolist would choose to maximize its profit under the more advanced technology. And also calculate the resulting profit.
Compute the elasticities of demand for and supply of broccoli at the market equilibrium, and interpret the meaning of these numbers.
Suppose you are a junior analyst at a well-known mutual fund corporation and are assigned to value, say, the stock of General Electric.
Elucidate what could Coca Cola do to mitigate any undesirable effects of business cycles.
Illustrate what policy options are available to the government to counter the effect of a sharp fall in real estate values on the economy.
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