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Your grandfather's salary was $10,000 in 1967 and it was $40,000 in 1997. Assume the price index for 1967 was 100 and the price index for 1997 was 420. Calculate the real income for your grandfather in 1997.
Select one:
a. $9,524
b. $9,375
c. $40,000
d. $42,000
As with this data how could you make the cost benefit test to tell if at a given percentage level abatement is effiecient.
Assume government imposed a minimum wage above what otherwise would be equilibrium wage rate for the segment of labor market.
Explain why is the depreciation of capital good a cost of society
Be sure to describe the two step method used in FASB 52 and how highly inflationary economies
Explain why the U.S. government subsidizes the industry - Describe how the subsidy alters the market outcome (address issues like the production possibility curve, quantity supplied and demanded and price).
sulfur dioxide a component of acid rain is produced by power plants. for simplicity assume there are only two power
Elucidate how have these policies affected the prices of the product the industry produces?
Elucidate how these economic concepts can be used to address the firm's problems and opportunities.
Describe how marginal utility and the selling price of a goods/services determine: 1) Which goods and services are purchased first and 2) What quantities of a good or service are purchased. Explain fully.
You work for a compensation-consulting firm. You are designing a compensation scheme for the CEO of a major corporation. The board has asked you to choose the parameters a, b, and c, in the following incentive contract.
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
Acme is sole supplier of security systems in product market and sole employer of locksmiths in the labor market. The demand curve for security systems is given by P=100-Q.
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