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What are potential reasons for income inequality across the economy. In some of our efforts to improve income inequality can we negatively impact productivity? What are some of the ways to improve income inequality? Explain why we might be able to eventually eliminate absolute poverty but it is impossible to eliminate relative poverty.
McDonald's has enough time to hire or lay off workers but it does not have enough time to expand its kitchen or add an additional seating area.
Suppose that a new law requires every firm to provide its workers with free parking spaces. These spaces are worth $200 per year to workers, but cost firms $500 per year to provide
What is the highest cost of migration that a worker is willing to incur and still make the move
Briefly discuss the similarities and differences between producer equilibrium and consumer equilibrium.
tax consequences of owning, and determine whether it is better to rent or own. This is an example of the hidden-cost fallacy.
Why does the assumption of independence of risks matter in the examples of insurance.
A young physician makes $180,000 per year with an annual salary increase of 2%.
The interest earned is deposited back into the savings account at the end of each month. How much is this account worth after 24 years? Submit your answer to the nearest dollar.
The manufacturer is especially concerned that customers who receive lousy service will blame the manufacturer if the machine breaks down, not the ISOs. How should the manufacturer address this problem?
The Federal Reserve chairman acknowledged the economy was in a recession. What actions might the federal government take to give the economy a boost?
Use indifference curves to distinguish between income and substitution effects, using the above techniques explain why the demand curve slope downwards, What are the main criteria for designing a tax system, To what extent do you think the national..
If the potential recipient decides to work, she will receive a wage of $8 per hour. Show the budget line for the potential recipient using the above information.
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