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Competitive Market Surplus. Suppose demand and supply conditions in the competitive market for unskilled labor are as follows: P = $15 ? 0.3QD (Demand) P = $3 + $0.1QS (Supply) where Q is millions of hours of unskilled labor and P is the wage rate per hour. A. Illustrate the industry equilibrium wage/employment combination both graphically and algebraically. B. Calculate the level of excess supply (unemployment) if the Federal minimum wage is raised from $5.15 to $7 per hour.
A project manager finds that he does not have direct reward power over salaries, bonuses, work assignments, or project funding for members of the project team with whom he interfaces. Does this mean that he is totally deficient in reward power?
Assume that you are going to start a small business of your own. Further, imagine that you are able to adequately differentiate your product, or service so that you can establish your business as a monopolistically competitive firm. What would be you..
q.evaluate relationship among the european euro crisis in 2012 as well as the american economy. evaluate how this
Do the exercise Skill-Building "Conducting a SWOT Analysis": After reading the instruction for this exercise, take a goal from your Company (general or departmental) and apply the SWOT analysis in order to find strategies to achieve this goal.
Illustrates and explains the expected impact of a change in government policy (using a demand a supply diagram).
It has been estimated that private prisons are about 10 percent cheaper, on a every prisoner basis, than public prisons.
Could the Fed affect the money supply by buying and selling goods or services other than bonds? For example, suppose the Fed decided to implement an expansionary policy.
q. 1. suppose at columbia university grade point average gpa and sat scores are related by the conditional expectation
A proposed project has indefinite life. The initial cost of the project is $70,000. There will be a onetime investment of $100,000 at the end of Year 6, and an operation cost of $10,000 per year from the end of Year 10 through infinity. If the intere..
Which of the following are methods used by the Federal Reserve to affect the supply of money in the U.S. economy, and which are not? Place each item under the appropriate title. Methods the Fed uses to affect the money supply Not a method used by the..
A local market for new wood pallets has daily demand described by P=178-0.2Q and supply described by P=85+0.1Q. Calculate the equilibrium quantity. Suppose a market has a supply described by P=3.0+0.1Q and a demand described by P=6.0-0.2Q. Calculate ..
The difference between a decreasing costs industry, a constant cost industry, and an increasing cost industry: Without relying on any algebra or geometry, differentiate the three types of industries. Give an example of an industry of each type and ex..
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