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Is a $15 an hour minimum wage good for the U.S. macro-economy? Explain why. Is it bad for the U.S. economy? Explain why.
Note: fifteen dollars an hour would make the minimum wage today roughly equal in buying power to the prevailing minimum wage of 1970, even though the GDP in 1970 was considerably smaller than today.
A Firm with a Fixed Production Facility: Short-Run Costs: Fill in the blanks – The short run average total cost curve (ATC) is U-shaped because of the conflicting effects of (a) _____ and (b) _____. A monopolists has _____, the ability to affect the ..
Gini & Marcoux give a discussion of Competition. They begin with a discussion of sports and move to a discussion of competition in business. What do they say are some of the similarities and differences between competition in sports and in business. ..
1) Suppose the market for semiconductors in the U.S. is characterized by: Qd = 200 - 40P [Demand] Qs = 40+ 40P [Supply] The market for semiconductors in the rest of the world is characterized by: Qd = 160 - 40P [Demand] Qs = 80 + 40P [Supply]
Name at least two legislations to prevent monopolization of businesses. Do you believe these legislations have been helpful? Discuss.
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908 and how does the taxation change if the income was $220,874?
Give an example of an event or incident that has taken place in the U.S. economy which has a major economic impact--be specific, e.g., 9/11 attack,
The Fichser-Tropsch (F-T) process was developed in Germany in 1923 to convert synthesis gas (i.e., a mixture of hydrogen and carbon monoxide) into liquid with some gaseous hydrocarbons. Interestingly the F-T process was used in World War II to make g..
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Texas Instruments the early period of the industry decided to price its semiconductors below production costs the decision increased sales but resulted in near- term reduction in profits. Why did TI make the decision. What were the long term implicat..
Assume that the industry you wrote about in Assignment 3 wants to expand and has to make some longterm capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
cme corp. produces rockets which it sells to Wile E. Coyote and others. Suppose that Acme is a monopolist and the inverse demand function for rockets is Q^d=10,000-40Q. Furthermore, suppose that the cost function for Acme can be expressed as C(Q)=120..
Brice just finished a residence in internal medicine and wants to go into practice with Horace and Joyce. Brice tells you that while he needs to practice with other physicians for call coverage and for other reasons, he does not want to be personally..
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