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What are potential reasons for income inequality across the economy. In some of our efforts to improve income inequality can we negatively impact productivity? What are some of the ways to improve income inequality? Explain why we might be able to eventually eliminate absolute poverty but it is impossible to eliminate relative poverty.
Illustrate what is the (true) value of the marginal product of each black worker. Discuss the employment decision made by firms for which d = 0.2 and d = 0.8 respectively.
Jason likes to buy guitars and trumpets. His marginal utility of guitars is given by MUG = (7T0.3)/(10G0.3) and his marginal utility for trumpets is given by MUT = (3G0.7)/(10T0.7), where G is the number of guitars Jason buys and T is the number of t..
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantage were used in your simulation.
The operating and maintenance expenses are expected to be same whether you purchase the truck or lease it. If the minimum acceptable rate of return is 12% per year compounded monthly, should you purchase this lift truck or lease it?
Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
What performance percentage would you use to trigger executive bonuses for that year.
Enron will be an example of a dysfunctional company for many years to come. It was clearly a company riddled with fraud and excess.
Assume the U.S. government implements a policy that achieves the savings rate needed to achieve the golden rule level of capital.
Point out which costs in the preceding question are considered "relevant" and which are considered "irrelevant" to a business decision. Explain why.
As control variables, Quinn's data also includes income the individual earned in the month the data was collected, and the amount that it rained in the month the data was collected.
Despite the absence of patent protection, Semi-Salt has averaged accounting profits of 5.5 percent on investments since it began producing polyglutamate-a rate comparable to the average rate of interest that large banks paid on deposits over this ..
Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
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