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There are one hundred jobs and one hundred workers in a competitive job market. All the workers are equally productive. All employers dislike female workers but vary by the degree of their dislike. Job one's employer dislikes females by $100 a week. Assume male workers are paid $500 a week. If there are 40 females and 60 males in the labor force, then which of the following is true in the short run equilibrium? A)employer 40 will pay a wage of $440 and hire a female B)employer 10 will pay a wage of $440 and hire a female C)employers of males could increase their monetary profit by hiring females instead D)All of the above are true
In American popular memory, the period between 1945 and 1963 has come to be considered a "Golden Age," an idealized version of the nation that was destroyed by the discord of the 1960s. Having read about the different aspects of this period, in terms..
In the case of the car wash, suppose that the owner wants to segment his market in terms of the willingness to pay of her customers. She thinks that segmenting the market between car owners who would pay more than $12 per car cash wash and those who ..
Consider a market structure where there is a monopoly in input market (upstream monopolist) and also there is a monopoly in product market (downstream monopoly). If each firm maximizes its profit then there is double mark up. Show that if these two f..
A new governance board member is constantly asking the accountant questions about the motor vehicle expenses that are constantly over budget.
Consider the following distribution of income in a 12 person economy, with the modern urban wage=3, the traditional rural income=1 and the informal urban wage = 2: (1,2,3,1,2,3,1,2,31,2,1). the poverty line is at 1.3. What is the level of absolute po..
What Can The Late George Steinbrenner and the New York Yankees Teach Us About Economies and Diseconomies of Scale? From 1972-1976 the Oakland A's and Cincinnati Reds won all five of baseball's World Series Championships. Despite this amazing success,..
Consider a coupon bond that has a dollar 1,000 par value and a coupon rate of 10%. The bond is currently selling for dollar 1,044.89 and has two years to maturity. What is the bond's yield to maturity?
Consider a pollution problem involving a paper mill located on a river and a commercial salmon fishery operating on the same river. The fishery can operate at one of two locations: upstream (above the mill) or downstream (in the polluted part of the ..
Give an example of a product you consume for which your marginal utility increases with the amount of your consumption
Describe the prevailing arguments of what constitutes a "just war," and assess the justice of the Vietnam War in that context. Speculate on how the world would be different today if the U.S. had not become involved in Vietnam.
Create a proposal for the Final Research Paper which is due in Week Six. This proposal will help you develop a comprehensive guideline for your Research Paper. A clear thesis statement. An annotated bibliography for at least 10 scholarly or professio..
Why do economic include only final good and services in measuring GDP for a particle year! Why don't they include the value of the stock and bonds bought and sold! Why don't they include the value of the used furniture bought and sold?
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