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What are your thoughts about minimum wage legislation? What kind of a price-control policy is this? Who gains? Who loses? Are there alternatives to this legislation for achieving the same policy objectives? What role do demand and supply elasticities play in determining outcomes?
Bank Profits: Mbank has deposit liabilities of $50 million. It only keeps the minimum cash reserves required by law of 15%. Its annual costs (wages, rent, utilities, etc.) are $1.5 million. What is Mbank’s profit under the following circumstances?
let qs -1000 5.5p and qd 25000 - 2.5p be the supply and demand relationships respectively for a competitive
Prepare functional specifications for the company's use of the Web and the Internet. Include links to and from other sites in your design.
Determine the monthly payments on a $150,000 mortgage (loan) at 6.00% (annual interest) compounded (paid) monthly for 30 years. ($ 899.32). What is total interest paid over the 30 years?
Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..
Would the accumulation of historical prices and quantities exchanged in the market establish a long-run supply curve? How would the historical relationship differ from how firms (and economists) envision today's long-run supply in the industry?
what assumptions about preferences imply that indifference curves have the bowed-in shape they are assumed to
Each of the following is an expansionary fiscal policy EXCEPT: Suppose the MPC = 0.8 and the government cuts taxes by $40 billion. Which of the following will be the likely effect? The multiplier effect of increases in government transfers (or cuttin..
Assume that the demand changes to QD = 600-2P and the supply function stays the same. Graph the new situation in Excel. Find the new equilibrium price and quantity, and show it on your graph.
Agree or Disagree, and Describe: When estimating a regression with a binary dependent variable, it is necessary to use heteroskedasticity-robust standard error estimates to test hypotheses about the regression coefficients.
a estimate the regression in problem 5 based on table 5-6 using excels regression function in the data analysis menu.b
explain why inflation is a main concern for an economy and examine how well inflation in australia has been managed by
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