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At the turn of this century, most banks required tellers to have a high school diploma. Even though the tasks currently performed by tellers in most banks can still be performed by persons who have mastered the high school curriculum, many banks now require that their tellers have college diplomas. Assuming that the real costs of college education are lower now than at the turn of the century and that these costs are lower for persons of higher ability, construct an explanation for why banks might have raised their hiring standards.
Assume we have a market for sodas with Demand downward sloping and Supply upward sloping where the current equilibrium price is $1.25 per can. Now assume that the government imposes a tax of $0.50 per each can sold where the seller must give $0.50 to..
How are the different dimensions of globalization - economic, political, cultural, ecological - connected?
To purchase a house for $80,000, a new couple has $12,000 available for down payment. get a new standard mortgage with 10% APR interest compounded monthly for a 30-year term. What is the effective rate for option 2 per year? Compute the monthly payme..
Suppose you purchase a $1500 laptop, a three-year asset, and sell it the next year for $400. What is the change in net cash flow in the year of sale when your tax rate is 40%?
Global studios are thinking of producing a mega film, Aqua world, which could be a mega hit or a mega flop.
The country of Trenton does not trade with any other country. Its GDP is $925. Its government purchases $126 worth of goods and services each year, collects $171 in taxes, and provides $49 in transfer payments to households. Private saving in Trenton..
Comparing quarters 1 and 2, at the production level set in these quarters, which plant size is more efficient in terms of labor productivity?
how long would it take to pay back the investment for the required expansion? b. If sales are expected to increase at a rate of 15% per year, how long will it take to pay back the expansion?
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
Shalimar Jubal has determined that demand for her phone cases is given by Q = 250 - 4P and a cost equation given by C = 50 + .5Q. Determine the optimal price and quantity for the firm. Determine the new optimal price and quantity.
Which of the following is an argument for increased social responsibilities? Which of the following items is not a part of planning? American Airlines has established a goal of increasing its profits by 1.2% next year to ensure that the goal is reach..
7) in 1988, the average wage rate was 9.45 an hour and in 2008 the average wage rate was 18 an hour. The CPI in 1988 was 118.3 and in 2008 it was 215.3. which is real wage rate is higher?
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