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The following table gives average hourly nominal wages in nonagricultural industries and the price level in the United States from 1995 to 2002.
(a) In what year did the nominal wage rise the most?
(b) In what year did the real wage rise the most?
(c) Did you get the same years for both (c) and (b)? If you didn't, what accounts for the difference?
A company's first year's operations can be summarized as follows: Revenues: $110,000 Expenses (except CCA): $65,000 Its capital asset purchases in the first year totalled $100,000.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year they sold 4000 of these skateboards. The company bellieves that the price elasticity for this product is about -2.5.
A firm purchases goods on credit worth $1,250. The same firm pays off $1,000 in old credit purchases. An investment is made via the purchase of a new facility and equity is issued in the amount of $3,000 to pay for the purchase.
The small city of Le Locle has been served by the same local newspaper for the last 30 years called the Le Locle Tribune. The Tribune is written in a fairly conservative style yet, the demographic of the city is comprised of avid readers of a broa..
The market demand and supply functions for milk are: QD = 58 - 30.4P and QS = 16 + 3.2P. If a price floor of $1.75 is implemented, calculate the change in producer surplus. How many surplus units of milk are being produced.
1. For the each of the following functions: 1) find a function for an indifference curve that delivers u=u? units of total utility: 2) Calculate the derivative (dy/dx) of the function (i.e. the instantaneous rate of change). Find the total differe..
Say that investment increases by 100 for each interest rate drop of 1 percent. Say also that the expenditures multiplier is 3. If the money multiplier is 5, and each 5-unit change in the money supply changes the interest rate by 1 percent, what op..
List four adjectives that you think best describe the painting Twilight in the Wilderness by Edwin Church (click the Twilight in the Wilderness link above to view the painting). Why was nature a theme of great interest to romanticist artists (keep..
Compare the path of GDP in this question with the path in problem 1 after policy actions have been taken.
The banking market in Athens, Ohio, currently has four banks with market shares of 60 percent, 20 percent, 15 percent, and 5 percent. The two smallest banks have proposed merging. Under the standard merger guidelines of the Federal Reserve.
Now suppose world relative demand takes the following form: Demand for apples/demand for bananas = price of bananas/price of apples.
In city B, the value of an apartment also falls the further it is from the business center, yet the fall goes down gradually. For example, an apartment one kilometer away will lose 20 percent of its value and an apt 2 kilometers away will lose onl..
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