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Ingrid takes a university teaching job as an assistant professor in 1974 at a salary of $10,000. By 2014, she has been promoted to full professor, with a salary of $50,000. If the price index in 1974 is 50, and the price index in 2014 is 180, what is Ingrid's 2014 salary in 1974 dollars?
An investor is trying to decide between 2 mutual funds. Mutual fund #1 offers a slightly higher return than mutual fund #2 so the investor decides that he will invest in mutual fund #1 unless the risk of mutual fund #1 is significantly higher than th..
Analytical essay about what are "liberal" (also related to Keynesianism, neoliberalism. nationalist and mercantilist, Marxist. ( also related "world system" and critical theories) how do they differ from or complement each other?
It is said that a wage increase can have two opposing effects. Which of the following captures these two effects?
The cause and effect on how and why there was a government shut down a month ago.
Assume you have $10 to spend on either apples or chocolate. The price of a pound of apples is $3/pound and the price of chocolate is $5/pound. Graph the consumption possibilities curve. What is the opportunity cost of the 1st pound of chocolate? What..
Reflect upon the strengths, weaknesses, opportunities and threats associated with a business that you are familiar with (one you work at, one you completed your assignments on, or one you have just acquired knowledge about). Suggest two (2) strategic..
Lauren's salary decreases from $34,000 to $30,000. She decides to reduce the number of outfits she purchases each year from 20 to 19. Use the midpoint method to calculate the income elasticity of demand for new outfits.
The more abundant are idle resources when AD (aggregate demand) rises ....
Suppose you are being interviewed by Business Think. You're asked to explain the concept of a balanced budget multiplier: What is the basic idea of a balanced budget fiscal policy?
Solar Thermal Energy, rooftop solar water heaters can provide hot water during most of the year and space heating during the winter. Which tilt angle would work best for both applications? Would this be practical as opposed to mounting the panels at ..
Kathy's Bakery is a local full-service bakery in Omaha, Nebraska. Kathy sells loaves of wheat bread for $3 a loaf. Of this amount, $1.50 is profit contribution. Assuming average variable costs are constant at all output levels, what is Kathy's total ..
You are the manager of a firm that receives revenues of $60,000 per year from product X and $90,000 per year from product Y. The own price elasticity of demand for product X is -1, and the cross-price elasticity of demand between product Y and X is 1..
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