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The market equilibrium wage is currently $12 per hour for hairdressers. Legislation imposed a minimum wage of $11.50 per hour. If there are no changes to either the demand or supply for hairdressers when imposed, the number of hairdressers will be?
Let's explore the concept of willingness to pay with a thought experiment. Imagine a specific sporting, entertainment, or cultural event that you would very much like to attend -perhaps a World Cup match, the seventh game of the World Series, a Rolli..
Which of the following options (alone or in combination) would you recommend that the Congress and the President pursue to reduce our projected Federal deficits and debt and why. Dramatically cut military spending. Raise taxes significantly on the we..
The demand for goods varies based on the change in the price of the goods. For example, if oatmeal costs less than cereal, consumers would buy more oatmeal for breakfast. However, the demand for inexpensive goods and services is not significantly aff..
Merton talks about conformity being a socially acceptable means to attain our goals. Is this always the case? Is there a place where conformity does not work? How about people who don't conform to views in our society?
Suppose that a store will sell 2000 boxes of bananas a week at a price of $12 per box. If the store raises its prices to $15 per box, it will sell 1500 boxes. What is the elasticity using the original formula? What is the elasticity using the midpoin..
Supposed that you are in the 28% bracket and that you are looking at a municipal bond. The bond has a coupon rate of 2.75%. You see a 3.85% coupon taxable bond available as well. Goven your tax bracket. What would you choose the tax free or the taxab..
You are the manager of the surgery department at a hospital which serves mostly Medicare patients. The hospital performs 1,000 surgical operations per year using the traditional method. Compute the total revenue, the total cost, and the profit at the..
A network carrier serves some small cities close to its hub with regional jets which have much higher seat-mile-costs (CASM) than larger mainline jets. The average fare from these cities to the hub does not cover fully allocated costs. Is this ration..
Indicate how Ford's management should use this information to make sound strategic decisions.
If I country decides to have a fixed exchange rate, what can it do to ensure it's value is kept proportially the same to another currency and what are the advantages/disadvantages to a fixed exchange rate?
Elucidate the capital budgeting process. Comment on the key elements used to gauge capital projects. Evaluate capital investment decisions by using time-value-of-money yardsticks
Absalom Motors's 15% coupon rate, semiannual payment, $1,000 par value bonds that mature in 30 years are callable 4 years from now at a price of $750. The bonds sell at a price of $1,300, and the yield curve is flat. Assuming that interest rates in t..
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