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In the United States in 2002, 130,000 aircraft mechanics and service technicians earned an average of $20 an hour whereas 30,000 elevator installers and repairers earned an average of $25 an hour. The skill and training for these two jobs are very similar.
Draw the demand and supply curves for these two types of labor. What feature of your graph accounts for the differences in the two wage rates and what feature accounts for the differences in the quantities employed of these two types of labor?
CRA CDs Inc. wants the mean lengths of the "cuts" on a CD to be 135 seconds (2 minutes and 15 seconds). This will allow the disk jockeys to have plenty of time for commercials within each 10-minute segment. What is the standard error of the mean
Give a precise economic intuition explaining your answer relative to the usual (linear cost) case.
A large profitable corporation is considering two mutually exclusive capital investments: Alt A. Initial Cost: 11,000Uniform Annual Benefit: 3,000 End of depreciable life salvage value: 2,000 Depreciation method: SL End of useful life salvage value
In practice, about 15% of the total heat loss is through the air gap. How does the steady-state parabolic heat-flow solution change if one adds a heat conduction path through the air gap? (You can explore this either with analytical methods or wit..
autie frannie wants to help pay for her twin nephews to attend a private school. she intends to send a cheque for 2000
In an important study of college graduation rates of all high school matriculants and Black-only matriculants, Bowen and Bok obtained the results in Table 15.19, based on the logit model.
the new mayor has pledged to reduce air pollution and the only source of air pollution in the city are two cement
Assume an automobile manufacturer can sell its pickup truck with or without a towing package. Customer Group A is willing to pay a maximum of $30,000 for the truck and $1,100 for the towing package. Customer Group B is willing to pay $29,000 for t..
Suppose that a perfectly competitive consant cost industry if initially in short and long-run equilibrium. In general, what will be the effect of an increase of $10 per uni in varialbe coss on he short-run equilibrium price, the short-run industry..
The bond fund manager forecasts that, in four years, the 15-year bond will sell at a yield to maturity of 6.45% and the 20-year bond will sell at a yield to maturity of 6.70%. The bond fund manager also expects that the coupons can be reinvested a..
What does the answer to Exercise 19.16 say about the effects of sample size on the power of an experiment?
Suppose that in the domestic market for computer chips the demand is Pd = 110 Qd . The domestic supply is Ps = 10 + Qs . Foreign suppliers would be willing to supply any number of chips at a price of 30$.
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