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Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and that both factor and product markets are perfectly competitive.)
The price elasticity for butter is fairly high (in absolute value). Which of the following is among the reasons why its demand is so elastic?
Although economists speak as if economic growth is necessarily a good thing (your author not excluded), many question the sustainability and even the morality of ever increasing economic growth. A way to consider this is whether you are "happier," no..
1. What are some of the bond ratings and what do the mean? AAA, etc. 2. What are the types of risk that bonds can have?
A. Suppose the demand for electricity in some large community is given by the following demand function P = 1200 – 0.4Q. If the supply function is given by P = 400 + 0.6Q. What is the market determined quantity of electricity that will be generated i..
Find the number of employed, labor force participation rate, and unemployment rate.
Suppose w=$100. There are two commodities, electricity and food. Each unit of food costs $1. The first 20 kwh of electricity cost $1 per kwh but the price of each incremental unit of electricity is $1.50 per kwh.
The Board Looks to You Bond valuation with realistic business details including early-call premium. Medium difficulty. Good example of employer taking a small
Compute a 99% confidence interval rather than a 90% confidence interval. The increase in confidence indicates that we have a better interval.
Demand curve is P=-Q+90 and the supply curve is P=0.5Q. Find equilibrium price and quantity. What’s the level of total expenditure in the market? What’s the price elasticity of demand at the equilibrium?
Personal income and spending: How much has personal income changed in the last two years? Identify any problems the government needs to address, and possible solutions?
Suppose a second firm enters the market. let Q1 be the output of the first firm and Q2 be the output of the second. What is the profits of each firm as functions of Q1 and Q2.
Discuss the types of situations where you would expect to see non-constant variance in the data. Provide examples to support your response. Describe a specific instance where heteroscedasticity would be a problem and the remedial measures that could ..
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