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If he works for the first 5 hours, he gets 200 per hour. he gets half of the rate for the additional hours. write a basic computer program for the employee wage.
The farm economist predicted that the farm would have $135,000 dollars left after paying all of its costs except the annual lease payment. In this case, the farm should?
What the avantage of using capital in the production?what iss mean by the term division of labor?what are the advantage of specialization in the use of human and material resource?
By how much will total economic surplus change if the city council passes a law requiring employers to include full reimbursement for rhinoplasties in their employees' health coverage?
Calculate the equilibrium number of firms. Also calculate equilibrium output, price, labour demand, capital demand and profits. No diagram is required.
The conclusion arrived at from a kinked demand oligopoly model is that: oligopoly firms cannot maximize their profits
Distinguish between the Federal funds rate and the prime interest rate. Why is one higher than the other? Why do changes in the two rates closely track one another?
Briefly explain the meaning of the F-test. Why do you think this test is considered to be more important in multiple regression analysis than it is in simple regression analysis?
What term would economists use to describe what happened in year 3? If the growth rate in 3 had been a positive 2 percent rather than a negative 2 percent, what would have been the average rate?
What percentage of GDP does each participant make up? What has happened to GDP in recent quarters? What level of unemployment is the natural unemployment rate estimated to be?
"The price of corn is not high because a rent is paid, but a rent is paid because the price of the corn is high." Which of the following correctly explains Ricardo's assertion?
What social justice cases came before the Supreme court by the late 20th Century? How did American religious groups respond to these issues?
At the individual firm level, which of the following types of firms faces a downward-sloping demand curve? Explain your choice of answer in detail.
Should the government limit the amounts that juries are allowed to award victims of medical malpractice, as to reduce malpractice insurance premiums and thereby lower healthcare costs?
Calculate the Average Total Cost, Average Variable Cost and the Average Fixed Cost assuming that the company is making 350 pieces of jewelry per month.
Illustrate and discuss the impact of the following changes on the market (demand and/or supply). Be sure to discuss the impact on equilibrium price and quantity.
Babsie's Chocolates produces two brands of mints: Pffermint and Blackberry Mint. Using your diagram, illustrate the opportunity cost of producing more Pffermint. Explain your results.
Draw a graph of a perfectly competitive market making a profit and a loss. Be sure to label each part of your graphs.
Babsie has no reason to believe that the market or any characteristics of her customers changed since last year. State the formula for elasticity using the midpoint method.
What is the economy's MPC? It's MPS? What was the APC before the increase in disposable income? After the increase?
The actual budget showed a deficit of $150 billion. Based on these data, what can be concluded about the direction of fiscal policy?
You must obtain information about how rivals would respond to changes in your decisions. If you were the manager, how would you obtain this information?
But when she gives her children a plate to share, the brownies are gone pretty quickly. The mother concludes from this that brownies given on a single plate are?
Additional car is 2,000 units and the marginal utility from an additional vacation is 1,000 units. David is allocating all his budget. Hence to maximize his utility, David will?
Should there be a Medicare program at all? Why should the government be involved in providing insurance to the elderly?