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Assume Naomi and Noah's short-run weekly production function for garden benches is F(L)=0.4L. Where L represents the number of hours of labor employed. The wage rate is $10 an hour.
Suppose you are the HR director for a large company and you have just hired a number of HR staff and need to train them how to handle issues that arise among company employees.
If Ms. Popovich's estimated hourly wage is $100, determine how many hours would Ms. Popovich work? Calculate how many hours would Ms. Popovich spend for leisure?
Suppose that the demand for iron (the primary component of steel) is Q = P^(-a)? , where the exogenous parameter a>0 takes some fixed value.
Assume the government wished to promote efficiency in the crabbing by requiring crabbers to purchase licenses. Discuss how much should they charge for a license?
Anyone who has ever eaten crabs from the Chesapeake Bay knows that the quality of crab cakes declines with the square of the distance from the Bay. Thus, one should never order crab cakes at the Red
An important way to reduce the water pollution from the farms is to plant a buffer zone among the water and crops. Economist's estimate that for each bush there is a $20 gain in reduced the pollutio
Discuss what percentage change in the CPI up until August is accounted for by the changes in the prices of clothing, food and the medical care?
Calculate the equivalent value of this series at the end of 2044? Consider a series of $136 end-of-period CFs spanning 2050-2057. The interest rate is 1%.
A construction manager just starting in private practice requires a van to carry equipment and the crew. She can lease a used van for $2,700 per year, paid at the beginning of each year, in which ca
Drugs, Inc. recently received the approval from the Drug and Food Administration for its new supplemental drug application for a 300-milligram tablet of an ant platelet treatment.
Discuss how much should be in its savings account to fund one $5000 scholarship each year for 10 years if the university's school of engineering can earn 4% on its investments?
Jennifer has just received the 15,981$ for a winning lottery ticket. She is just starting the college and when she graduates in four years she plans to take a European vacation trip to stop her deve
David Jones deposited $4,247 in a savings account on January 1st 15 years ago. He received 6.05%/year interest for the first 12 years and the 2.49% interest since then. Discuss how much will his ac
Juno Manufacturing Company has decided to build an expansion of its manufacturing facility that will cost $63,022. It has arranged thru the small business association to borrow $36,281 from Allied B
Suppose you have been asked to calculate the cost today of a 2,500 ft 2 parking lot. You research and identify that parking lots have a power-sizing exponent of 0.55 and that your company built a si
Establish an article from a financial periodical from the past two years about a company that restated its financial statements due to an error in accounting principal. Examples of periodicals
Determine a market with a supply curve of P=Q and a demand curve of P=10-Q. Before the imposition of a tax, the equilibrium price is $5 and the equilibrium quantity is 5.
What solutions would you propose to offer a happy medium to both employees seeking an increase and employers who may struggle financially to meet the raise?
Determine at least two opposing school of thought existing (for and against) in relation to minimum wage and based on your experiences, beliefs, and opinion which dichotomy has more merit?
Discuss how the commodity prices (2), Black Death (1) and the wage rates(3) combined to lead the Medieval Economy into a crisis. You can also use graphs to make clear the interaction among thos
The initial cost of a pickup truck is $12,859 and will have a salvage value of $4,027 after 5 years. Maintenance is calculated to be a uniform gradient amount of $181 per year, with zero dollars for
Discuss why might economists commonly prefer public policies that shift demand and/or supply rather than imposing the price ceilings or the price floors?
Calculate which of these statements are normative and which are positive and describe why you place them in the normative or positive category.
According to the World Bank's Society, Mind, and the Behavior, which two economists are associated with the removal of psychological factors from the economics generally and from "making prediction