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At the turn of this century, most banks required tellers to have a high school diploma. Even though the tasks currently performed by tellers in most banks can still be performed by persons who have mastered the high school curriculum, many banks now require that their tellers have college diplomas. Assuming that the real costs of college education are lower now than at the turn of the century and that these costs are lower for persons of higher ability, construct an explanation for why banks might have raised their hiring standards.
Illustrate what is the equilibrium price. If supply at every price is reduced by five gallons, what will the new equilibrium price be.
A firm that makes car parts wants to adopt pay schemes that will best motivate its various workers to be productive and they hire you as a consultant. The firm is able to accurately measure the productivity of individual workers who make windshield w..
A shirt company spends $1,000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $8 worth of labour and energy. Illustrate what is the marginal cost of a shirt.
Yesterday Susan determined that the risk-free rate of return rRF, is 3 percent, the required return on the market portfolio, rM, is 10 percent, and the required rate of return on Stock K, rK, is 17 percent. When Susan considers the effect of this cha..
Calculate the CRF for an incremental tax of 40%, a depreciation life of 20 years, a depreciation schedule that is straight line over the same 20 years and a 15% after tax rate of return.
Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed. What are the different price points.
Explain how each of the following actions will affect the level of planned investment spending and unplanned inventory investment. Assume the economy is initially in income–expenditure equilibrium.
Since the early 1990s, the average rate of growth of per capita real GDP in Mozambique has been 3 percent per year, If a typical resident of each of these nations begins this year with a per capita real GDP of $3,000 per year, about how many more dol..
With the signing of NAFTA in 1994, the U.S.A., Canada, and Mexico entered into a trade agreement that had the potential to be much beneficial to all parties. Who was opposed to this free trade agreement? What were there reasons for being against it? ..
Assess the importance of policy analysis during the development and implementation stages of public policy. Discuss the social impact of policies. Discuss the limitations policies have on government power.
What role does microeconomics play in business decisions compared to macroeconomics. Can you assit me with a real life example that would show the impact on the decision making process of the business.
Suppose the central bank of a country undertakes an expansionary monetary policy. Which of the following is most likely to be the effect of such a policy, all other things remaining unchanged?
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