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Suppose you were given a choice to select from a menu of items in your employee benefits package. The menu might include medical coverage ($1,500 deductable), life insurance equal to a year’s salary, vacation time based on length of employment with the company and retirement pay equal to 8 percent of income. Comment on how such a “flexible benefits package” would affect your preference between higher wages and more benefits. Use the theory of consumer behavior in your answer.
Explain what a “fiscal externality” is, and give an example of fiscal externality. Explain in words why it is important to know whether a reduction in taxable income following an increase in tax rates creates a fiscal externality. How is your answer ..
Let the price of Barbancourt (the Haitian Rum) be $15 a bottle in 2000 and $25 in 2010, and its production 5000 and 7500 bottles respectively for the two years. Let the price of a bag of rice be $20 in 2000 and $35 in 2010, when its production is 100..
Draw labor supply and demand curves for cashiers in Hadley supermarkets. Real World Micro 2.4: Jeannette Wicks-Lim argues that the minimum wage could be raised without causing significant job loss. Why, in her view, would companies pay higher wages w..
Most of you would be familiar with the four Ps of marketing - Product, Price, Promotion, and Place. The text suggests that ethical issues arise at each stage of this matrix. Explain how this happens. Provide real life examples to bolster your positio..
Suppose that the City of Detroit enacts a rent control law that reduces all current rents by 10%. Give the short run effects of the law: If the Detroit apartment rental market is competitive. Explain whether there is a shortage of apartments, a surpl..
Illustrate for the 100 new homes will be within $10,000 of the population mean.
Evaluate the factors involved in making decisions about pricing tobacco products indicating which would be the most influential.
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Canada is a party to the Trans-Pacific Partnership (TPP) deal reached on October 5, 2015. The TPP is a free trade agreement between Australia, Brunei, Chile, Canada, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, the United States, Vietnam an..
q1. kieso company borrowed 710000 on a 120-day note at 14 percent interest. the money was borrowed for 45 days in 2011
Provide an example of a positive production externality, either one you have read about or found through research, or one that is hypothetical. The example should clearly state what benefit arises out of the production, and how this benefit without t..
After spending a substantial amount of revenue doing market research in foreign markets you found that there are numerous ethical and legal that should be taken into consideration. What are some of the key factors that should be taken into considerat..
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