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Republican presidential candidate Donald Trump is a multi-billionaire who claims that, if elected, he would run the country like a business firm. Using the economics of the firm, explain why this may not be so. (6-8 sentences)
If a company wants an employee about 14 dollars per hour to produce 60 units per hour plus it provide a base salary of 7 dollars per hour, what should be the incentive rate per hour?
reduce period-one taxes to t1 = 2 without changing either g1 or g2. If this policy change is enacted, is it possible to numerically calculate the amount of tax collections that the government will require in period two.
Compare and contrast how the concepts of attitude and personality are both similar and different. Why is it important that an HR staff person who deals with conflict in the workplace, understand these differences and similarities? Give a workplace ex..
How each market participant cares only about their own self interest rather than about the overall efficiency of resource us
Explain how natural monopolies cause market failure? How is the deadweight loss associated with this form of market failure measured? What is a typical form of government intervention to correct it? How effective is this type of intervention? Use the..
The U.S. economy slowed significantly in early 2008, and policy makers were extremely concerned about growth. To boost the economy, Congress passed several relief packages that combined would deliver about $700 billion in government spending. Calcula..
Written Assignment China and India have demonstrated trends toward Western-style consumption over the last decade. Given the emphasis on the youth market in the U.S. over the last 60 years (since the baby boom), what can you suggest for marketers in ..
For a competitive market-a seller can always increase her profit by raising the price of her product. if a seller charges more than the going price, buyers will go elsewhere to make their purchases.
Explain how the raising of short-term interest rates would affect all of the following in the United States: the inflation rate, the unemployment rate, the value of the U.S. dollar, net exports, and U.S. stock markets. Include at least one well-label..
In jury selection, one cannot exclude potential jurors on the basis of race or other discriminatory criteria. One question is if this prohibition against discrimination should extend to potential jurors that have physical or mental disabilities. How ..
Total revenue is calculated as the quantity of a good or service sold multiplied by its market price. Thus, it is a measure of how much money a company makes from selling its product. The core objective of a firm is maximizing profit.
For the supply and demand curves in the diagram, the level of employment will be highest at: Allocative inefficiency in a labor market may be caused by:
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