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The following table gives average hourly nominal wages in nonagricultural industries and the price level in the United States from 1995 to 2002.
(a) In what year did the nominal wage rise the most?
(b) In what year did the real wage rise the most?
(c) Did you get the same years for both (c) and (b)? If you didn't, what accounts for the difference?
evaluate Eskom's product in terms of the following factors which determines the price elasticity of demand
The presence of autocorrelation leads to all of the following undesirable consequences in the regression results except:
A firm is currently considering plant expansion. There is some question as to what minimum attractive rate of return to use in the economic analysis of the proposed expansion. Banks are currently lending money at 11.5%.
Over the 1980s, the share of U.S. banks in London banking activity declined. Can you suggest a connection between these two developments?
Joe Sabia, an assistant professor of public policy at American University in Washington, D.C., says that a 10 percent increase in minimum wage reduces retail employment by 1 percent and reduces employment among young workers by 3.4 percent.
the M&M company purchased a new punch press in 2005 at a cost of $265,000. M&M also paid $46,000 to have the punch press delivered and installed. The punch press has an estimated useful life of 12 years
Plot the reaction functions to scale on a graph.
Desmond is attending university as a full time student this year. Desmond therefore had to give up his full time job in which he earned $25,000 per year. He also had to move away from his parents' home where he was paying $5,000 per year
What is the average total cost for the 10th unit of output 4. Why does the marginal cost of producing the product fall and then rise (What is the relationship between the cost curves and the production function)
Speculate how the price for that good or service may have been set and how well this price maximizes profit for the company and determine what shifts the company should made in its pricing strategy. Provide support for your recommendations.
If the current price of the product is $150, what is the quantity supplied and the quantity demanded How would you describe this situation and what would you expect to happen in this Market
why social networks including Twitter have become so popular in the particular country.
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