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Michael Tanner and Stephan Moore of the Cato Institute recently calculated the hourly wage equivalent of welfare for a single mother with two children for each of the 50 US States. There estimates ranged from $17.50 an hour in Hawaii to $5.33 in Mississippi. What do you suppose were their policy recommendations? What arguments can be make to oppose those prescriptions?
Describe the key differences between simulation models and the models covered in previous modules; not only from the perspective of their applications, but also from the perspective of computing/solving the models had(Previous models included multipl..
Spalding Doughnuts wants to know about its waiting line. Currently, Spalding Doughnuts uses a single-server, single-phase system when serving customers. What is the average number of customers waiting in line? What is the probability of having more t..
Beef has a positive income elasticity in Algeria. What would happen in the Algerian beef market if an economic recovery increased incomes?
Consider the market for taxi service in a city. Explain, by using supply and demand curves, how each of the following actions will affect the market. (Consider each case separately) A. Bus drivers go on strike. B. Bus fares increase after a strike by..
Draw appropriate marginal income curve. Show range over which a marginal cost curve could rise or fall without affecting cost industry charges.
She gets pleasure not only from her spending money but also from her leisure hours. Draw her budget constraint in leisure-expenditure space.
What happens to the income of a factor of production when it becomes more mobile? Other things being equal, would the income to the owners of this factor rise or fall? Why?
Elucidate how formal organizations have evolved over the past century. What differences were there in organizations a century ago, compared to today's organizations.
You have just met with the director of marketing for a small manufacturing company. She has just received an order from a retailer in India and would like to figure out how to ship to the buyer without entailing any risk in terms of getting paid for..
An student must decide to pay for auto insurance on a monthly or an annual basis. if paid annually, the cost is $1650. if paid monthly, the cost is $150 at the start of each month. what is the rate of return for buying the insurance on an annual basi..
Builders of a hybrid car declared it would build a car that would get 180 miles per gallon of unleaded gas. They figured it would cost $40,000 each car to build.
A freeze in Brazil's coffee-growing region will lower the price of coffee. "Protecting" American textile manufacturers from Chinese clothing imports will lower clothing prices in the United States. The rapid increase in college tuitions will lower th..
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