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How does price issues effect minimum wages/ unemployment? The pros and cons. How does supply and demand affect minimum wages/ unemployment? The pros and cons. How does antitrust isses play a role in minimum wage/ unemployment? How the minimum wages/unemployment impact Market Failure? need references.
The data in the table above give two points on the demand curve for pizza. Using the midpoint method when the price of a pizza falls from $10 to $9, what is the price elasticity of demand? 0.5, 0.6, 0.9. 2.1. 8.6 The values on the table: Price for pi..
A man is planning to retire in 20 years. Money can be deposited at 6% interest compounded monthly, and it is also estimated that the future general inflation rate will be 4% compounded annually. What amount of end-of month deposit must be made each m..
What is the major focus of each of the following bank management concerns: asset management, liability management, liquidity management, and capital adequacy management?
Draw a (standard) U-shaped SAC curve, U-shaped SAVC curve, and upward sloping SMC curve for a perfectly competitive firm. Indicate the firm’s short-run supply curve. What will be the effect of an increase in fixed costs on the firm’s supply curve and..
Al owns a shoe factory with noisy machines which disturb his neighbor Bob. What is the efficient outcome – for the factory to shut down, to run silently, or to run noisily? Suppose Bob was granted an injunction to stop the factory from making noise.
Critically compare and contrast the policy approaches of TSCA and FIFRA. In your view, which of these is more effective in preventing pollution? Explain.
Explain demographic transition and how technological advances affect the birth and death rates. Explain the Malthusian debate. Explain the controversy around population control. Can the world sustain such a huge population growth?
Suppose in the United States, one worker can produce 10 tons of steel per day or 20 tons of chemicals per day. In the United Kingdom, one worker can produce 5 tons of steel per day or 15 tons of chemicals per day. The United States has 30 workers and..
You find that the car requires repairs of 1,200 dollars in order to get it to run. Once it is repaired, it will definitely not break down again. Assuming that the car is worth 3,500 dollars after repairs, should you get it fixed.
What is a one invention that had good impact on the international economy and why. What were the impacts of this invention were impact good or bad.
Environmental policies: Explain the overfishing problem in Singapore. What are the private costs of catching fish faced by any one fisherman? What is the external cost (negative externality) of catching fish generated by any one fisherman?
Assume that there are 10 firms in the oil industry producing a specific type of processed petroleum. Given the price P, how much will each non-cartel firms produce? i.e. what is (q1 q2 q3 q4)? Using the optimal rule MR=MC, find the optimal quantity p..
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