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In the 1980s, a shortage of registered nurses in the United States led to an increase of almost 21 percent in the real average hourly earnings of RNs from 1981 to 1989 (Pope and Menke, 1990). This increase was the highest of any occupational group. Use supply and demand theory to show the shortage and explain why a dramatic rise in the wage rate occurred. Was there still a shortage of registered nurses by 1994
A project is scheduled to last 12 months and cost $1,000,000. At Month 5, the Earned Value (EV) is $200K, the Planned Value (PV) is $400K and the Actual Cost (AC) is $100K. When will it finish and what will it cost at completion? As a CEO, what woul..
Consumer and investor optimism and pessimism matter a great deal in the economy. Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
How does monetary and fiscal policy affect aggregate demand?
Suppose that annual income from a rental property is expected to start at $1,350 per year and decrease at a uniform amount of $55 each year after the first year for the 12-year expected life of the property. The investment cost is $8,200, and i is 9%..
Experience does not necessarily have to be work experience. Discuss market equilibrating process in relation to your experience. One of early economic "laws" was called Say's Law which stated that supply creates its own demand.
What is the value of the monetary base given the value of deposits at all depository institutions equals $2265.83 billion, currency is $1144.60 billion, and bank deposits held at the Fed are $1422.30 billion?
q.suppose that a citys energy demand is 30 megawatts during off-peak times and 40 megawatts at its peak. the city has
Fixed costs of a company is $20,000 per year with variable costs of $15 per unit. If this company sells each unit for $20. What is the breakeven point? Show the answer with graph.
Why would the gov't want to limit gas price increases? Isn't that exactly what we want to happen (price increases), to allocate scarce resources? Is the gov't in the 'price control' business, and if they are, how does this work, in free-market capita..
Explain how much output should be produced in palnt 1 in order to maximize profits. Illustrate what price should be charged to maximize profits.
Population growth surges rapidly. Farmers are deciding what crop to plant and learn that the price of corn has fallen relative to the price of cotton.
Illustrate what is meant by the term "natural monopoly" and what are the key characteristics.
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