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Question: The American Medical Association is considering putting a permanent cap on the number of medical residents (which effectively would cap the number of licensed doctors). What effect would this cap have if it were set below the current number of doctors?
1) Lower wages for existing and future doctors
2) Higher wages for existing doctors
3) Higher wages for existing and future doctors
4) The cap would have no impact on wages for doctors
If the 3rd unit takes 141 hours and the 4th unit takes 136 hours, how long will it take for the 30th unit? How long will it take for all 30 units?
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Use multiple regression to estimate the demand function for widgets. Is this a good equation overall? (Why) Which variables are significant? (Why) Are widgets normal goods or inferior goods?
ms. smith the owner and manager of the clear duplicating service located near a major university is contemplating
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