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1. A wage higher than the market wage paid by a firm in order to increase worker productivity is A.
A compensating differential
B. the idea behind the minimum wage
C. an efficiency wage
D. is a dead weight burden production costs and profits
2. The real interest rate equals
A. the inflation rate minus the nominal interest rate
B. the nominal interest rate divided by CPI for the given year
C. the nominal interest rate plus the rate of inflation
D. the nominal interest rate minus the rate of inflation
Explain why most market labor supply curves slope upward and to the right, even though individual labor supply curves are presumed to be backward-bending?
What command would you use to display a big text file called "bigfile.txt" to the screen so you scroll through the file line or a page at a time?
The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.
Discuss how the Coase Theorem provides an alternative to a government regulation and provision of services. How is the definition of private property a critical part of this analysis? Please explain in detail.
Why is Woodrow Wilson described as the father of Public Administration in the US? Briefly explain the meaning of political power and administrative power.
Gene has the following utility function: U = XY + 2Y, the Px = $4, the Py = $1 and I=$6. Is the MRSx,y increasing, decreasing, or constant with respect to X? What is the slope of the budget constraint? Find the optimal X and Y.
What does the Production Possibilities Frontier show? How can it be a useful tool for explaining the tradeoffs that countries have to make between capital and consumer goods?
Compute the stock's current yield, capital-gains yield, and the return. Show your work for three separate calculations.
Estimate the strength of your bargaining position for each option. Which of these would be the most advantageous.
q1. state two economic principles of taxation and which principle best justifies the excise tax on gasoline when the
The city of Joslyn has three sources of revenue, borrowing, proprietary income from running the local power utility, and taxes. If it recieved $10 million from running the electric power utility and borrowed $40 million, how much did it collect in ta..
A company named Highway Data has been given a contract to install highway information signs along a 500 mile portion of interstate 555. The signs will be placed at the end of each 10 mile section. The signs cost $138 each. Data fiber optic cable comm..
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