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Advocates of higher salaries for teachers point out that most teachers have college degrees and that teaching children is an important job.
A.) Why aren't teachers salaires higher, given the importance of the job and the education required?B.) Suppose a new law establishes a minimum teacher salary that is 20 percent higher than the prevailing salary. How would you expect this law to affect the average quality of teachers and the taxes paid by the typical household?
Assuming that there are only two goods, and the other good (food) is capital intensive, show the equilibrium points of production and consumption in ALFA, before and after trade.
Suppose that the economy is at full employment and government make decision to cut taxes to give the economy an extra boost.
What does gross domestic product (GDP) tell us? How did GDP change from 2008? What caused these changes? What is real GDP? What was real GDP in 2008 and has it changed since 2008?
Drowns indifference curve for consumption and hours of work. (Hint: in class we discussed indifference curves for consumption and hours of leisure
Create a graph of that charts out the Federal Surpluses / Deficits and Real GDP in each year from 1965 to 2011. (Be careful with the Surplus / Deficit data, since there is an additional entry to account for a change in how the data ..
Ted has preferences given by the utility function U(K,L) = K + 2L where K =pounds of Kale per month and L = pounds of lettuce per month. a. What is Ted's Marginal Utility of Kale? What is Ted's Marginal Utility from Lettuce?
Suppose the following cost functions of a perfectly competitive company? Compute the firms profit or loss, should firm shut down if loss?
Briefly describe and critically possible short-run and long-run macroeconomic effects of this continuous increase of the federal fund rate
How can corporate culture affect productivity? What is its source of generation? Does it just emerge, or is it cultivated? How can corporate culture affect the productivity of the organization? Share your thoughts and examples.
Given the price elasticity of demand for two products & marginal cost, determine the optimal markups and prices under third-degree price discrimination.
Describe (with appropriate figure) short run and the long run impact of immigration on native labour market when the immigrants and natives are complements.
General Electric is a large, highly decentralized company. At present it developed these goals, GE had approximately 170 responsibility centers called "departments,"
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