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Wages in the United States vary in every state, because each state has different minimum wages, but the best to my knowledge wages are determined and priced for every field profession and its factors. Since a chief executive is more involved in creating strategies and making sure the maximized profit is being produced and gained for their company, and a Scientist is primarily factor is to create and maintain new advances so that the government and taxpayers can continue funding their program. I believe this is why an executive earns more than a rocket scientist
Is it possible you might revisit your thought on wage rates, and point out the places where marginal revenue product is the main determinant? Might that be, all of them?
Assume capital depreciates at 10 percent a year. Economy A has 1.000 units of capital while Economy B has 2,000 units of capital. Illustrate what must Gross Investments be in Each Economy to keep capital stocks Constant.
Which of the subsequent is a Keynesian conclusion about how adjustments occur in a recessionary gap?
Suppose that an economist from business school argues that government should not try to help an economy in a recession, while another economist from a public television program argues that the government should implement an expansionary fiscal policy..
For Canada, the expenditure effect generated by the U.S. tax cut and the spillover effects of increased defence spending will push the Canadian economy further into an economic recovery.” a) How will the U.S. tax cut and the increased U.S. defence sp..
There were 110,752 discharges in 2005, for patients over the age of 25 who were diagnosed with Diabetes. With an average length of stay being 4 days and an in-hospital death count of 1,016. In 2006 the total number of discharges increased to 118,837 ..
Do you think that Monetary policy is easier to make than fiscal policy? Why is one easier or harder than the other? What is the Goal of each of the policies? Are the goals in conflict or complements of each other?
Appalachian Coal Mining should minimize net cost by choosing that level of pollution
Make the assumption that an economy has no external effects and all actors are perfectly informed. In addition, one good is produced by a firm who is a non-discriminating monopolist (known as Frontier Firm).
What economic factors are taken into account when measuring GDP? b. What makes GDP an effective measure of living standards? c. How might quality-of-life measures be determined and measured?
Assume that there are only two goods in the economy: video games and water. The total amount of these goods are given, there is no production. The world is inhabited by two people: Ann and Bob.
Given the products below and the events that affect them, indicate what happens to demand or supply, and the equilibrium price and quantity in a competitive market. Identify the determinant of demand or supply that causes the shift.
A flat tax plan allows individuals to deduct a standard allowance of $10,000 from their wages. Assume that the flat tax rate is 12%. Calculate the amount of income tax and the average tax rate if you were earning: $30,000 a year $60,000 a year
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