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The market equilibrium wage is currently $12 per hour for hairdressers. Legislation imposed a minimum wage of $11.50 per hour. If there are no changes to either the demand or supply for hairdressers when imposed, the number of hairdressers will be?
Discuss on how during a period of financial crisis when funds cannot be raised easily or quickly, the fundamental values of some assets can depart from market prices. Explain how this relates to the distinction between loans and securities. Identify ..
A current highway project is estimated to have an average of $1,000,000 in annual maintenance costs upon completion. What is the capitalized equivalent of the perpetual annual maintenance costs for an account earning 6% annual interest?
Suppose that Joe enjoys and repeatedly does stupid things like getting heavily into debt and insulting police officers. Do these actions constitute systematic errors? If he gets what he wants each time, are his stupid actions even considered to be er..
a marketing order for oranges has a fixed total supply of q1000 crates a month. demand in the fresh orange market is qf
In The Symposium, Diotima says that women may be pregnant in body, while men may be pregnant in both body and mind. What does she mean by this? What is the difference between being pregnant in mind and in body? What are some examples of each type of ..
Draw in excel an isoquant that shows little substitution between two factor inputs and on that shows large substitution. Vertical represents capital and horizontal represents labor
The ending of company prepayments balance is expected to be the same as its beginning prepayments balance.
Suppose you are deciding between the purchases of two cars: the $21,545 Ford Escape or the $25,740 Ford Escape Hybrid. The vehicles are essentially identical except the Hybrid gets 34 mpg while the regular Escape gets 24 mpg. a) If you drive 15,000 m..
Monetary policy is clearly superior to fiscal policy in that it suffers less from..
Explain how large an income tax cut is needed Alternatively Explain how much more government spending would achieve the target.
In the 1960’s a group medical practice (Health Insurance Plan or HIP) undertook a large scale randomized trial to evaluate the effectiveness of mammography. The researchers followed the subjects for five years and recorded the number of deaths due to..
Snow peak Ski Resort offers a price for a lift ticket that is barely over its marginal cost, but the high equipment rental fee keeps generating big profits. Which pricing strategy is the management using?
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