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Discuss in detail the arguments for and against the minimum wage. Be specific about the position of the economists on the issue. NO graphs and NO math.
Determinant of bordered Hessian matrix is 57,600. F. If income went up by $1.00, by how much would utility rise.
what will be price of wheat, how much total wheat will be demanded and how many wheat farms will there be.
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there are no price controls, what would be the equilibrium price, quantity and consumer surplus?
The difference between a monopsonist and a monopolist is that. In a perfectly competitive output market, the value of the marginal product of a resource is
A railroad branch line to a missile site is to be constructed. It is expected that the railroad line will be used for 15 years, after which the missile site will be removed and the land turned back to agricultural use. The railroad track and ties wil..
How do you recover an investment when the residual value is significantly less than the loan value.
The VIU has convinced the public utility commission (PUC) that it is a natural monopoly and thus it has been granted an exclusive franchise to produce electricity. What is the competitive equilibrium in the absence of rate of return regulation? What ..
Illustrate car production is capital intense relative to textiles. The US is capital abundant and China is labor abundant. Under trade, both countries produce both goods. If the labor endowment were to increase in the US, this would.
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
You are the Benefits Manager for ABC Corporation. The company has grown considerably from a small family-owned business. It has never had a paid vacation policy in the past, and you need to establish one.
what changes should they make in government spending or taxes ? what changes should they make if they decide a contractionary fiscal policy is necessary?
In a two-sector (manufacturing and agriculture) specific-factors model:
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