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Question: When it comes to low-wage workers, you can make one of two extreme assumptions (1) labor is an input to production; we must pay the lowest way legally possible in order to maximize profit (2) workers are people with rights and needs, we must pay a living wage that covers at least their basic needs Which of these fits your beliefs more closely? What ethical framework can be used to justify (1)? What ethical framework can be used to justify (2)?
List three reasons why rural development is as important as industrial development in less developed countries. Include a brief explanation where appropriate.
q1. a monopolist has demand and cost curves given byqd 10000 - 20ptc 1000 10q .05q2a. find the monopolists
1. Expalin the various sourses of local government revenue
Should Al refinance the loan, assuming that he will keep the house for the next 15 years? Use an annual cash flow analysis in working this problem.
Medicaid agency has made a take it or leave it offer of $2 per pill. Do you accept?
In year 1, nominal GDP for the US was 2,250 billion and in year 2 was 2,508 billion. The gdp deflator was 72 in year 1 and 79 in year 2, real gdp rose by? The answer has to be in percentage
How do we graphically represent the utility maximizing bundle that consumers can afford?
You’re given the following individual demand tables for comic books. Calculate market demand. If the current market price is $8, total market quantity demanded is Economic books.
The reduction in US unionism and the decline in the real value of the minimum wage.
Over the past 45 years the price of capital has dropped substantially because of the computer revolution. Draw and explain 2 labor market diagrams
Builders and construction firms expect that the price of copper will rise dramatically in the near future.
Frank demonstrates in Chapter Two how price supports or ceilings lead to a loss of welfare. Using adiagram of a market initially in equilibrium which then has an effective (ceiling price
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