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Question: Begin by locating a scholarly article regarding the effects of increases on minimum wages and discuss its findings. Does a minimum wage increase lead to reductions in employment, or is the overall effect on employment net positive? Do you agree or disagree with the results of the study? What do you think are other vital considerations that should be taken into account in the study? Discuss how conscious capitalism would approach a minimum wage increase. Provide examples to support your rationale.
Fixed cost of production are $6 and the variable cost per unit of labor is $10. The marginal product of the seventh unit of labor is 4. Given this information. what is the total cost of production when the firm hires 7 workers.
Consider the following table whic gives historical returns on two stocks and the market.
Malaria Eradication Back on the Table In response to the Gates Malaria Forum in October 2007, countries are debating the pros and cons of eradication.
Acme furniture retails a chair for $250. They believe that they could raise the price of the chair by 10% and sell 30 fewer chairs per year.
The point is often made that formal schooling can actually discourage young children from following their natural curiosity.
Explanation of how a patent is a monopoly includes benefits to the producer (patent holder) and impact on consumers and is economically correct? Explanation of what happens in the market to both producers and consumers when a patent runs out are econ..
Today's opinion pollsters are coming under greater pressure because their predictions have a tendency to be wrong. For this assignment, post a link to a news story or blog that discusses how and why a pollster got their guess wrong.
How does your example impact your decision making? What have you done or what will you do that is different, i.e. if the pandemic never happened?
In Part 1, you will analyze how 2 major economic events influenced supply, demand, and economic equilibrium in the U.S.
Transatlantic air travel in business class has an estimated elasticity of demand of 0.40 less than transatlantic air travel in economy class, with an estimated price elasticity of 0.62. Why do you think this is the case?
Is the FASB correct in attempting to separate stock options from stock appreciation rights that are payable in cash.
Discuss the pricing policy of price discrimination. Provide an example of a price discrimination for a good or service that you considered unfair.
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