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Currently, the island of Guam does not have a minimum wage need but uses the United States minimum wage as a reference. Give a theoretical justification for why the imposition of a $5.15 minimum wage in Guam might have a detectable impact on overall employment on the island. Describe why the $5.15 minimum wage in New Jersey likely has less of a detectable impact on employment.
Illustrate what are the concerns of common citizens on personal data such as medical transcriptions and credit card information in a foreign country where there are less stringent regulations on privacy.
Sales for year just ended were $500, and fixed assets were used at 80% of capacity. Current assets and accounts payable vary directly with sales.
When McDonald's Corp. reduced the price of its Big Mac by 75 percent if customers also purchased-Using your knowledge of game theory, what do you thank disrupted McDonald's plans?
Utilizing aggregate demand, short-run aggregate supply, and long-run aggregate supply curves, explain the process by which each government policies will move the enconomy from one long-run macroeconomic equilibruium to another.
What happens to his consumption of Y? Calculate the coefficient of price elasticity and of cross price elasticity. Also draw the demand curves for X and Y, noting the equilibrium points for this consumer before and after the price change in X.
Illustrate price as well as quantity will maximize revenue. Elucidate the total revenue and price elasticity at this point.
Suppose after taxation that the consumer is given a payroll tax rebate that happens to be exactly equal to the amount of gasoline tax he pays. Illustrate what will be the consumer consumption of gasoline now and how much will be the amount of reba..
Major multinational companies such as Acme attempt to track the relative movements and magnitudes of global capital investment.
Explain how did Lucas contribute to the development of the Keynesian economics. What was his concern with economic growth and development.
Prepare a chart that lists three strengths and three weaknesses of the Consumer Price Index calculation.
The engineering approach to price estimation is depends on the least cost available technology needed to achieve a given level of abatement. The survey approach to cost estimation relies on estimated abatement expenditures obtained directly from pol..
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
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