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A Large company pays its salespeople on a commission basis. The salespeople receive $200 per week plus 9% of their gross sales for that week. For example, a salesperson who sells $5000 worth of merchandise in a week receives $200 plus 9% of $5000, or a total earnings of $650.
Develop a Java application that inputs the salesperson's gross sales for that item for last week and calculates and displays that salesperson's earnings. There is no limit to the number of items sold. After the loop is done, print out the aggregate earnings for all salespersons.
The value of real GDP in 1997? The value of nominal GDP in 1998? The rate of inflation between 1997 and 1998?
1. using your understanding of tax incidence explain why some states do not charge sales tax for basic foods.2. explain
If the price of a good decreases, the substitution effect shows the increase in the quantity of the good demanded, holding income constant.
Those who advocate that the Federal Reserve target monetary aggregates usually argue that the Fed should not alter its monetary targets in response to temporary changes in macroeconomic conditions
*Discuss the three (3) basic assumptions of the Solow Growth Model and analyze their compatibility with real-world economic conditions. *Analyze the effects of an increase in population growth on the growth rate of capital per worker.
Chinese government switches from a strategy of investment-led growth to domestic market based growth on consumption expenditure. Do you agree with the above statement?
Suppose a four sector economy C=200+0,65Yd calculate the values of MPC, MPM, MPT
Expalin how are the current real stock of money in the U.S. and real interest rates computed.
Management in the team's organization has recognized the effect of changes in the real-world competitive environment and government policies on other industries and anticipates similar events occurring in their industry, so they ask you for a repo..
Give a numerical example to show that a monopolist's marginal revenue can be upward-sloping over part of its range.
Show the first and second order condition for profit maximization. Illustrate what is the price elasticity of demand faced by this monopolist.
The price per unit remains $7.50 in both scenarios. Does the labour analyst's argument hold? Explain why or why not, and use data to prove your point. (Hint: calculate total costs in both circumstances).
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