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Fast food workers have demonstrated in several cities over the last few months for a $15 minimum wage, often referred to as a "living wage." Lately McDonalds has previewed plans for automated customer ordering which will give the customer more ability to customize their order. These two events may be coincidence; however, use the concepts for cost minimization (graphically, isocost and isoquant curves) to argue that McDonald's automated ordering springs directly from the possibility of a substantial wage increase for its workforce. A graphical analysis is certainly welcome, but not required.
choose one 1 of the following organizations to research google zappos southwest hewlett packard xerox w.l. gore dupont
Analyze the major short run and long cost functions for the low-calorie, frozen microwaveable food company given the cost functions - improve its profitability and deliver more value to its stakeholders.
listed below are three projects with their revenues listed per year. for each project create a ms excel spreadsheet to
Obtain price elasticity of demand for good one. Obtain income elasticity of demand for good and find the amount of compensation needed for Hicks compensation
Assume a marginal propensity to consume (MPC) of 0.75. If the government increases spending by $20 billion, what will be the ultimate impact of this action in total spending in the economy.
Compute the expected market price. Show calculations please. How many units should you produce to maximize expected profits? What is your expected profit or loss? Again, show work.
Each demand curve must eventually hit the quantity axis because with limited incomes there is always a value so high that there is no demand for the good.
1) The probability of A is 0.50, the probability of B is 0.45, and the probability of either (i.e. P(A[B) is 0.80. What is the probability of both A and B?
What statement demonstrates the economic agents respond to incentives
In the cost-benefit analysis, the maximum net benefit (NB) occurs in which
Assume a hypothetical case where an industry begins as perfectly competitive and then becomes a monopoly. Which of the following statements comparing the conditions in the industry under both market structures is true?
Calculate the expected market price.
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