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Distinguish among the terms glass ceiling, glass walls, and glass escalators. How do they differ from more obvious forms of discrimination in employment?
Boris budgets $40 week for his morning coffee with milk. He likes it only if it is prepared with 3 parts coffee, 2 part milk U= min {3/2M,C}. Coffee costs $2/oz, milk $1/ oz. Graph the two budget constraints and the two optimal bundles with coffee on..
Students doing poorly in courses often consider dropping the courses. Many universities will only offer a refund up to a certain date. Should this affect their drop decisions?
After viewing the video clip from Cool Hand Luke, first consider how marginal benefits and marginal costs fit in to Luke’s decision, and how the concept of diminishing marginal utility is at work as Luke eats more and more eggs. What is driving his m..
Illustrate we know about the effects of mandatory seat belt laws, which of the following groups would be most likely to mount a campaign to repeal those laws.
Assume that households and firms keep 10c in currency for every Dollar they deposit in banks and that banks keep 25c as reserves out of ever Dollar they receive as deposit. Compute the eventual percent increase in the money supply if the monetary bas..
Yummy foods, a gourmet food store, has stores all over the Chicago area. They have a reputation for undercutting prices of any competitor that tries to enter the market until the competitor is driven out of business. Which of the following statements..
Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries.
Are cyclical fluctuations necessary for economic growth?
Tom has just been offered a job at $80,000 a year. He anticipates his salary increasing by 9 percent a year until his retirement in 40 years. Given an interest rate of 20 percent, what is the present value of his lifetime salary?
Show how you can derive the Aggregate demand curve when the Price level in an economy increases. By drawing separate graphs indicate how a change in the price level impacts, money market, investment demand, goods market and then draw the aggregate de..
Assume a perfectly competitive industry. Given the demand curve QD= 30 -2P(or P = 15-(1/2)QD) and the market supply curve QS= P find producer and consumer surplus. If there is a price ceiling set $2 below the equilibrium price find producer and consu..
Costs for maintenance of buildings at an industrial complex are expected to be $2000 in year three,$2500 in year four and amounts decreasing by $200 per year thereafter through year nine. at an interest rate of 10% per year, calculate the present wor..
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