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Suppose a worker receives a wage of $20 per hour. Compute the real wage (money wage deflated by the price index) corresponding to each of the following possible price levels: 85, 95, 100, 110, 120. What do you notice about the relationship between the real wage and the price level? Relate your finding to the slope of the aggregate supply curve.
Sam Lawson is a vice president at a large communications firm. His compensation includes a salalry of $400,000, a bomus of $200,000 and a stock option package that allows him to purchase 30,000 shares of the company's stock at $45 per share.
what uniform price will he charge and how much profit will he earn. The following figure shows the demand and marginal revenue for a monopolist, who has many buyers with different valuations of the good.
Recall that the Lerner formula or condition states that (p-MC)/p = 1/E. Write down the profit maximization conditions for pj j=X,Y. Can you write down the Lerner conditions for the two products? Why is the formula different in this case from the u..
Project will be done from an external customers' perspective. Using information available in the public domain, such as books, articles, blogs, company websites, etc.; and working in teams; students will analyze a hospitality company.
Suppose there is a decline in the demand for money. At each output level and interest rate the public now wants to hold lower real balances.
Identify the remaining steps which Rong & Wright should include in the outline of the sampling plan. [Adapted and reprinted with permission from AICPA. Copyright © 2000 & 1985 by American Institute of Certified Public Accountants]
Dennis is only interested in two things, eating food and playing the online multiplayer game Globe of Gratuitous Violence (GoGV) - a close competitor to world of warcraft. Dennis's utility is given by the function U(qf,qg) = 0.25ln(qf) + 0.75ln(qg..
$4,000 were deposited at time 0 in an account that pays an interest of 10% compounded annually. how much should be withdrawn at the end of period 2 to have $4,000 at the end of period 4 available in the account
a consumer of two goods faces positive prices for both goods and has positive income. her preferences over consumption
Overall, do you think Balram's actions were moral or immoral considering he lived in a system that structurally oppressed him? Were there actual alternatives open to him?
how would you expect a firm's investment decisions to be affected by a sudden increase in the demand for its product? What factors would determine the speed of its reaction?
Clean Supreme is a corporation that produces and sells powdered laundry detergent in the U.S. The company has estimated the following regression equation for the demand of its Brand Z detergent:
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