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Evaluating Legal Prices: Collect information regarding the minimum wage. State the procedure of this legal price, assess its impact on the market for labor, and evaluate the extent to which it achieves its purpose. 1) Working Title - This may change by the time you complete your paper. 2) Thesis Statement - This sentence should be a statement, not a question, of what you intend to discuss in your paper. The thesis statement includes a mention of the three main points to come. *You may need to revise the thesis statement several times during the course of writing your paper. 3) The three major points you plan to make in your research paper. Each of these major points should support the thesis statement. 1- 2- 3- 4) Two details, or piece of information, or evidence with the sources listed (in parenthesis) for each of your major points.
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1. Given the following production function: Y = K1/4 L3/4 Find the following: a. Per worker production function. b. Steady-state capital-labor ratio as a function of d and
At first, Say's Law may seem 'obvious'. Though, it's not - actually, it's highly controversial. The reason it may seem obvious is that you have perhaps learned from microeconomics
let Y denote the number of "heads" that occur when two coins tossed. a) Derive the probability distribution of Y b) Derive the cumulative probability distribution of Y c)
define business cycle
Whenever real GDP declines, nominal GDP must also decline
A sample of 57 mutual funds was taken and the mean return in the sample was 14.1% with a standard deviation of 9.2%. The return on a particular index of stocks (against which the m
You have acquired a CT scanner at a cost of $750,000. You expect to perform 7,000 procedures per year over the estimated 5-year life of the scanner. Assuming no salvage value and a
Suppose there are two investors. One has a project to build a factory; the other has a project to visit casino and gamble on roulette. Which investor has a greater incentive to iss
explain circular flow of income in an open economy
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