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How has the median income of women compared to men changed since 1980? What do you think is the cause?
a. Women’s income as a fraction of men’s income has stayed about the same because women and men are doing the same types of jobs and overall wage growth has been about the same.
b. Women’s income as a fraction of men’s income has risen because there is lower discrimination against women, higher education levels among women, and more women entering the workforce.
c. Women’s income as a fraction of men’s income has fallen because men are still the majority of workers in high-paying jobs, such as management, construction, and medicine.
d. Women’s income as a fraction of men’s income has risen because women are now earning more than men in
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Suppose Mike and Johnson produce two products- hamburgers and T-shirts. Mike produces 10 hamburgers or 3 T-shirts a day and Johnson produces 7 hamburgers or 4 T-shirts. Assuming they can devote time in making either hamburgers or T-shirts. Draw the p..
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Graph represents a natural monopoly.
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Elucidate how if at all every of the following events will affect a country's production possibilities curve.
The long-run total cost function for a firm producing skateboards is. Calculate the marginal cost function. What is marginal cost at the output level in part b?
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