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In February 2015, Wal-Mart announced that it would increase the pay rate for all its lowest paid workers. Is this wage increase a growth in fixed costs or variable costs? Would it be affected by output? If Wal-Mart's sales drop off, how might the store adjust its labor costs?
You are the manager of an organization in America that distributes blood to hospitals in all 50 states and the District of Columbia.
1. List four factors that likely contributed to the number of workers in the U.S. labor market belonging to unions declining so dramatically since the early 1950s. 2. Briefly compare the wage rates and productivity levels of unionized workers and n..
a. If the resort charges one price to all skiers, what is the profit-maximizing price? Calculate how many lift tickets will be sold to each group. What is the total profit? b. Which market segment has the highest price elasticity at this outcome? E..
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
What was the nominal interest rate last period (before the cuts) if the real rate was equal to the marginal product of capital?What happens to the real rate of interest this period (after the cuts) if the Federal Reserve does nothing to change the n..
Compare a collusive oligopoly market structure with perfect competition in terms of price, output, allocative efficiency and consumer and producer surplus. Support your analysis with economic theory and graphs.
Explain the significance and implications of various economic theories pertaining to profit, consumer choice, demand and supply, forecasting and optimization.
A medium sized bakery has just opened in Slovakia. A loaf of bread is currently selling for fourteen koruna over and above the cost of intermediate goods
"Suppose that over the last decade the consumption of chicken has increased. This means that the demand curve for chicken must have shifted to the right, maybe because people have become more health conscious and switched from red meat to chicken...
Find information on GDP and its components and calculate the percentage of GDP for the following components for 1950, 1980 and 2005:
As what will happen if the marketplace is characterized by sticky wages.
What is the difference between contractionary and expansionary fiscal policies? Which is more appropriate today? Explain your answer. How might contractionary and expansionary fiscal policies affect your organization?
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