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The City of Seattle is increasing the minimum wage to $15 an hour. Bob's Bento is a restaurant in the city. Which of the following is not a likely outcome? Bob's Bento will charge higher prices to their customers. Bob's Bento may close its Seattle location. Bob's Bento might invest in automation. Since every business has to follow the same law, Bob's Bento ownership makes no changes.
Suppose a wage increase from $19 to $21 an hour increases the number of job applicants from 50 to 64. What is the price elasticity of labor supply?
Imagine the economy starts off at the steady state, with m=v=1 and b=1/2; additionally, suppose that the Fed's infaltion target (π-bar) is 1% and that the real federal fund rates (r-bar) is 1%. In period 1, political uncertainty causes a negative AD ..
After a series of public accounting violations and several lawsuits about hiring practices, ABC Corporation added an Ethics Hotline and Ethics training to its organization.
Please provide a diagram and in-depth explanation of how the open market economy operates.. Explain the position and the role of major economic agents and markets. Explain the relevant importance of marketable securities vs. non-marketable securities..
A 10 year coupon bond with face value $1,000 and yield to maturity i = 0.05 sells for a price of $1,386.08. What is the value of the annual coupon payment? Round your answer to the nearest cent.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. Which of the following would ..
you are comparing a municipal bond and a US treasury bond as a possible investment for your corporation both bonds have the same maturity and both bonds are equally risky and equally liquid the treasury bonds yield 7% your corporations marginal incom..
He explains that the firm that has come up with the idea decided to start the coffee push cart in either Cleveland, Ohio, or Houston.
1. is the industry or industries in which the firm operates conducive to abnormally high rates of return?2. does the
Suppose there are two similar firms in a market that are strategically interdependent. Firm A and Firm B. Firm A is a larger firm than firm B. Basically each needs to determine whether to “collude” or to “cheat” in an oligopolistic market. If Firm A ..
Using production theory as a basis, is the CEO correct in his assumption that lazy workers or ineffective supervisors are to blame for the decline in productivity? What other explanations might be possible?
After reviewing and analyzing “A Report to the President Pursuant to the President's Directive of January 31, 1950.” from the NSC 68: United States Objectives and Programs for National Security, explain why you think the United States entered into th..
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