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Assume that labor demand for engineering is perfectly inelastic and is given by the equation L^d=300, while the supply curve for engineering is given as L^s=210 +10W represents the hourly wage rate. (a) what is the level of employment, wage and, unemployment rate if the minimum wage is set at $7.25 per hour? (b) If the minimum wage is raised to $12 per hour, how many workers lose their job? what is the unemployment rate?
When the_____ supply curve shifts outward or inward with an unchanged _____ curve, equilibrium price and quantity increase or? decrease, respectively. When the___ curve shifts outward or inward given an unchanged____ curve, equilibrium price moves in..
Describe how each of these activities affects government households as well as businesses.
(a) Define the inflation rate. (b) Explain how the CPI differs from the PPI, as a measure of the U.S. inflation rate. (c) Why is inflation risk a business management risk?
Keeping in view the law of supply how the following factors will shift the supply curve? each answer must be supported by diagram?
q1. did the economic recession weve experienced recently affect your organization? how could anything youve learned in
The three families are considering putting in streetlights on Main Street and are trying to describe how many lights to install. The table below shows each family's willingness to pay for each streetlight.
What research the long-run effects of entry into monopolistically competitive industries on prices, output, and profits. Explanation must be substantive.
q.consider two neighboring island countries called bertland and ernamia. they each have 4 million labor hours available
The economy is at full-employment and spending increases, which spurs inflation - Which of these groups would be helped by inflation
Defective units that go undetected into final assemblies cost $22 each to replace. An inspection process, which would detect and remove all defectives, can be established to test se units.
part a instructions for the case study you can google and find all the information needed.read the discussion case the
Hart's Floral Shop sells bouquets for special occasions. Annual demand is 500? bouquets, the? company's cost to place an order with its vendor is? $25, and the cost to hold a bouquet in inventory for a year is? $15. If Hart orders from its vendor in ..
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