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In a recent speech, the governor of your state announced: "One of the biggest causes of juvenile delinquency in this state is the high unemployment among 16 to 19 year olds. The low wages offered by employers in the state have given fewer teenagers the incentive to find summer employment. Instead of working all summer, the way we used to do, today's teenagers slack off and cause trouble. To address this problem, I propose to raise the state's minimum wage by $1.50 per hour. This will give teens the proper incentive to go out and find meaningful employment when they are not in school". Evaluate the governor's plan to reduce juvenile delinquency.
Expalin how the actions of a mine operator can spend $5 million to free a trapped miner.
A new taco-making machinery which is similar in size and cost to hog dog carts has encouraged more street vendors to begin selling tacos.
If Deltas managers needs to follow a constant payout ratio dividend policy
A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
Suppose you are the manager of a firm that sells its product in a competitive market at a price of 50. Your firms cost structure is c=40 + 5Q2. The profit maximizing output for your company is;
Illustrate what are the three major categories of revenues for the federal government. Please comment on each and indicate their relative importance to each other.
Compute the own price elasticity of demand at a price of $4. What is the inverse demand curve for the radio station
What is the value of APC at income level Z, at income level RM 2000, what is the value of APC
Think of a business company you recently visited. What motivated producers of all individual iteams in the store to make them and offer them for sale?
Assume that, from an initial consumer equilibrium position, the price of good X falls-explain how and why the consumer's relative consumption of two goods will change.
Suppose that consumption schedule for a private open economy is such that consumption C=50+0.8Y. Suppose further that planned investment Ig and net exports Xn are independent of the level of real GDP
The Millennium Development Goals aims were to be achieved by 2015. A few will be met; many others will not. In either case despite great progress, poverty will remain a serious ongoing concern.
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