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Tom earns $15 per hour for up to 40 hours of work each week. he is paid $30 per hour for every hour in excess of 40. tom faces a 20 percent tax rate and pays $4 per hour in child care expenses for each hour he works. tom receives $80 in child support payments each week. there are 168 hours in the week. graph tom's weekly budget line.
The information below explains the real GDP per capita for the country of Utopia for the period of 1975 to 1991.
Suppose the CFO of a German corporation with surplus cash flow has 1 million Euros to invest. Suppose that interest rates on 1-year CD deposits in U.S. banks
Discuss how each of the following developments would affect the supply of the money, the demand for money, and the interest rate. For each case, describe what happens in closed economy and in small open economy. Describe your answers with diagrams.
According to law of comparative advantage , who should produce wheat and who must produce Cd palyer? Evaluate all relevant opportunity cost.
You are trying to decide whether to buy some laptop computers for your business in either Canada or in United States. Looking at identical machines on the Dell Canada and the Dell US web sites, you find that they sell for US $2000 (US dollars) in ..
The advent of the one man bus involved more capital equipment: an automatically operated coin box and door control device - to name two of the capital goods that replaced the conductor."
Explain why a monopolist will never set a price (and produce the corresponding output) at which the demand is price-inelastic.
True/False: For each of the following concepts, decide whether it's true or false, and briefly explain why (2-3 sentences). You can also use diagrams if they are helpful. Each correct answer is worth.
Suppose that a perfectly equal distribution of income existed in Disneyland. Which of the reccent residents would have the same income he or she has in present distribution?
Assume that there're 10 million workers in Canada and South Korea and each worker in Canada and South Korea can manufacture four cars per year.
Assume that Florida migrant workers are effectively unionized. What will be the impact of unionization on?
Provide brief but theoretically sound explanation for each of the following.
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