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Tom was a tall man who operated a successful restaurant that he owned. He believed that tall people commanded more respect in a restaurant. Accordingly, he never hired a waiter or waitress who was less than six feet tall. Because of this, he had seventeen waiters and no waitresses working at the restaurant. Lucinda, a woman less than six feet tall, applied for a job as a waitress and was not hired. Later, Lucinda learned that a man who was over six feet in height was hired to fill the position. After a few inquiries, she learned of Tom's height requirements and alleged that she was the victim of illegal discrimination. Decide.
Calculating MPC, In one year, a consumer's income increase by $400 and her consumption increases by $120. Her marginal propensity to consume is equal to.
Terry has a demand function for oysters given by the equation q=.02m-2p, where m is income and p is price. Terry's income is $8,000 and he initially has to pay a price of $40 per oyster. Assume the price of oysters rises to $80. Calculate the substit..
The rancher who owns the land is willing to sell the land for 2 million. Should the government proceed with this project (with no end date), assuming that annual benefits are steady at 110,000 per year? The interest rate is 4 percent.
You have three options for a loan. Which one is the lowest monthly cost?
Compute both Burton Cummings's explicit costs every month also his implicit costs every month. Compute the opportunity cost of the resources utilized by Burton Cummings each month.
q. 1. illustrate what are the different measures of the national income? explain how this information is usually
The radio announcer just finished up the daily market report during which they stated that the price of wheat has risen to $4 per bushel. What type of statement did the announcer make?
Suppose a monopolistic competitor in long-run equilibrium has a constant marginal cost of $6 and faces the demand curve given in the following table: what output will the firm choose? what will be the monopolistic competitors average total cost at th..
Total revenue is calculated as the quantity of a good or service sold multiplied by its market price. Thus, it is a measure of how much money a company makes from selling its product. The core objective of a firm is maximizing profit.
Which of the following phenomena can a nation expect when it opens (more widely) to international trade?
Steers, R., Sanchez-Runde, C. J., & Nardon, L. (2013) note working with global organizations, managers should strive to understand the subtle—and not so subtle—rules of behavior within organizations. Understanding the general behavioral patterns of a..
Why might we imagine that this factor will continue to achieve the same effect in the future? iii. Indicate what factors might push in the opposite direction.
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