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Suppose that households wealth increase because the value of their assists (homes, stocks, land, etc.) have increased. As a result of this shock our model of the labor market predicts that
A. the equilibrium real wage will rise B. the equilibrium real wage may fall, rise, or stay the same C. equilibrium employment will rise D. equilibrium employment may fall, rise, or stay the same
You are a management consultant for a 30-year old partner in a large law firm. In a meeting, your client says: “According to an article in the New York Times, 57 percent of large law firms have a mandatory retirement age for partners in the firm.
The sales manager for ABC Electronics wants to maximize his profit on the sale of two portable media player models, JVD-2000 and MDP-72. The wholesale costs of these models are $310 and $100 per unit respectively. The retail sales prices are $420 and..
q1. suppose that there are only 2 inputs i.e. labor and natural resources which produces 2 goods i.e. movies and
A company that manufactures brushless blowers invested $650,000 in an automated quality control system for blower housings. The resultant savings was $160,000 per year for 5 years. If the equipment had a salvage value of $50,000, what rate of return ..
To make a proper stop and frisk, a police officer may obtain the necessary information from:
Assume that the economy uses Cobb Douglas Production Function of the form: , and A=4, L=10000, K=100. Consumption (C) is given by the equation C = 700 + 0.8(Y – T). What are the equilibrium values of Y, real wages, real rental rate of capital, C, I, ..
q1. suppose that in case b in table 2.5 the united states exchanges 4w for 4c with the united kingdom.a in the terms of
At the beginning of the year, an audio engineer quit his job and gave up a salary of $ 175,000 per year in order to start his own business, Sound Devices, Inc. The new company builds, installs, and maintains custom audio equipment for businesses that..
The Duckett Group is trying to determine its optimal average cash balance. The firm has determined that it will need $8,100,000 net new cash during the coming year. According to the Baumol model, what should be Duckett’s average cash balance?
From the list below, select the components or inputs associated with the production function where GDP is the output. There is more than one possible answer. Capital deepening, population, physical capital, aggregate supply, aggregate demand.
It appears that Very Vegetarian financial statements follow a very strict form. Why must accounting reports be prepared according to specific procedures (GAAP)? Is it permissible for businesses to be allowed some flexibility or creativity in p..
Public relations practitioners routinely inform top management of issues and situations that could escalate. The corporate culture and attitude of management have a lot to do with how executives respond to these warnings. Ethical issues often provide..
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