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Minimum wage and employment
Read the article "The effects of minimum wages on employment" and answer the questions below:
a) Through which channels does a binding minimum wage affect employment? Illustrate this effect with a diagram.
b) According to recent research what are the employment effects of minimum wages?
the sec regulations require u.s. corporations to publish operating results on a quarterly basis. how does this short
d) Which input bundle represents efficient production of 100 units of output if the rental paid to capital is $25 and he wage paid to labor is $50? Round any decimals to the nearest hundredth. e) Derive the firm's cost function using the rental and..
1. indicate whether each of the following statements is true or false and explain why. do not simply give a corrected
Does it seem likely that score and class would have a deterministic relationship? That is, is it realistic to think that once you know the size of a student's graduating class you know, with certainty, his or her test score? Explain.
When her income falls from $50,000 to $20,000, Alex increases her monthly purchase of hamburger from 20 pounds to 35 pounds. Using the midpoint method, Alex's income elasticity of demand for hamburgers is:
Explain and show graphically how this market would be affected if there is an increase in the number of diary farmers that produce hormone free milk and at the same time south African consumers chose to be more healthy
If the price of a mouse pad is $7.00, describe the situation in the market. Explain how market equilibrium is restored. What is the market equilibrium if a fall in the price of a computer changes the quantity demanded of mouse pads by 20 a week at e..
Short and Long-term costs business comparisons. Select directly comparison business concepts and generally discuss the FC, VC, break-even quantities, economies of scale and diseconomies of scale for each.
How large is the increase in aggregate demand?
Suppose that there are three identical firms in an industry and that each firm's supply curve is given by the equation P = 10 + Q. Furthermore, suppose that the market demand curve is given by P = 100 - Q. What is the market supply curve given the..
1. Explain why the difference between the similar-sounding terms quantity demanded and demand is so critical to understanding the model of supply and demand and determine changes in the equilibrium price and equilibrium quantity when shifts in deman..
Illustrate with two examples how the U.S. has restrained trade over the past 60 years and state why you think that happened.
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