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Discussion: Answer each section below in separate paragraphs.
A. From a purely economic point of view, should the government impose price floors on wages, otherwise known as a minimum wage? What are the pros and cons of doing so, and do the pros outweigh the cons or do the cons outweigh the pros? Explain.
B. Which of the following statements is true, and why? (Note that it is not a combination of both.
Only one statement is true.)
(Analysis Aid: Be sure you have a good understanding of the economic meaning of demand and the economic meaning of supply before making your choice.)
C. If you were an employer, would you be more inclined to pay higher wages or lower wages for highly skilled laborers when the quantity supplied of such workers is in surplus? Why? What impact does the skill level of the workers have in this regard?
Explain in detail how each of these forces influences the auto industry, and propose how the auto industry should respond or react to each force. Businesses not only respond and react to external forces, but can also attempt to influence them.
The Plant Department of the local telephone company purchased four special pole hole diggers 8 years ago for $14,000 each. They have been in constant use.
Assume that the Cobb-Douglas production function for a beer manufacturer is q = 1.52 L0.6 K 0.4. Calculate the average fixed cost.
Explain the characteristics of LGE's human resources strategy. Identify how this HR strategy is helping the company to deal with the diversity.
Draw the graphs depicting the supply and demand for bonds and the supply and demand for loanable funds. Using both of these graphs, show what happens to prices and quantities in the bond and loanable funds markets.
Business Week, in an article dealing with management, wrote, "When he took over the furniture factory three years ago.(the manager realized almost immediately that it was throwing away at least $100,000 a year worth of wood scrap.
Research how the Internet is bringing global economies closer and creating a broader spectrum of technology and human capital potential.
Discuss the influence one component has on the others - Discuss the effectiveness and the limitations of model.
Research a specific company of your choice and identify some of the managerial decisions that were made over time and in response to changes in its market or competitive environment. Use the Ashford University Library and web-based sources for your r..
Suppose the probability of a worker losing his or her job in a year is 2%. The probabil- ity of someone unemployed ?nding a job within a year is 40%. What is the equilibrium un- employment rate?
The European Union is home to more than 500 million (mostly well-heeled) consumers, making it one of the largest and most attractive markets worldwide.
According to the career opportunities on their websites, what are some of the things that all three firms (Volkswagen, Volvo, and Ford) offer to motivate new employees? Which of the three has the best motivational package?
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