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labor-spring2015-assignment6
Assume education is the only determinant of productivity. With zero years of education, black and white workers both earn a wage of $2.00 per hour. Each additional year of education causes the wage of whites to rise $0.50 per hour and that of blacks by $0.20. The average black worker has 10 years of education and the average white worker has 12 years. According to the residual method, the percent of the wage gap due to discrimination is:
(a) 25 percent.(b) 50 percent.(c) 75 percent.(d) none of the above.
Major events in our country and around the world tend to have economic advantages for some segments of society and disadvantages for others. Determining who benefits can be tough for negative events
problem 1 the annual demand d for a new cvj video camera can be described by d 2000 2p where p is the retailers
Explain a political, economic, or social interaction of decision makers that you have heard about in words. The condition should involve decision makers, available actions
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Economies of Scope) Distinguish between economies of scale and economies of scope. Why do some firms produce multiple product lines, while others produce only one?
Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 per year. Analyze fixed costs, Ma..
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Are prices an accurate measure of good's total value are prices an accurate measure of a good's marginal value what's the difference can you think of a good that has high total value but low marginal value use this concept to explain why professi..
Which of the following events would most probable cause the nominal interest rate to fall? Which period in U.S. economic history was not characterized with inflation? If the aggregate supply curve shifts leftward, Gauged unemployment includes discour..
What would be the long run price and quantity for this firm in a competitive market? 2. In the long run how many firms are in the industry?
Discuss which theory of migration does the best job of explaining pattern of migration and why. Please include a bibliography.
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