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Question: When asked about the reason for a lifeguard shortage that threatened to keep one-third of the city's beaches closed for the summer, the Deputy Parks Commissioner of New York responded that "Kids seem to want to do work that's more in tune with a career. Maybe they prefer carpal tunnel syndrome to sunburn." What do you think is causing the shortage? What would you advise the Deputy Parks Commissioner to do in order to alleviate the shortage?
Find the GINI coefficient for the country of Brazil through excel. I tried several ways but it does not seem right. I have all the data needed to find it. I'm just not sure what steps I need to take next.
A firm's marginal cost of production is constant at $5 per unit, and its fixed costs are $20. Draw its total, average variable and average costs.
Write a minimum of a five-page essay, using proper APA format, on the topic of unemployment in the U.S. Use a minimum of three scholarly sources. You have the freedom to take any aspect of unemployment that you desire to research.
Assume labor's share of GDP is 70% and capital's is 30%, real GDP is growing at a rate of 4 percent a year, the labor force is growing at 2 percent, and the capital stock is growing at 3%.
A firm has cost function: C(y) = { y^2 + 1 if y > 0, {0 if y = 0, Let p be the price of output. 1) If p = 2, how much will the firm produce? If p = 1, how much will the firm produce? 2) What is the (optimal) profit function of the fir..
The relationship between income, savings, and consumption is directly related to the price level in the economy. Your research has shown that for every additional dollar of disposable income, consumers currently spend $0.75 and save the rest. Assu..
Explain the impact of China, as an emerging economy, on the global economy today. How is the U.S. economy affected by monetary policy in China and the current USD/yuan exchange rate?
why it is important that prices are flexible in our economy?what happens if the government controlled the level of
Someone claims that under efficiency wage models "if the wage rate increases in a market with heterogeneous workers then we will have a shift in the labor demand curve, and not a movement along the curve". Do you thin..
1. If a firm minimizes long run cost, what condition or conditions must be met? 2. What happens to isocost line if the price of one input increases and the price of other input stays the same?
What is the equilibrium level of Y? Is it consistent with your guess in the previous part - What is the new equilibrium output level?
how do we calculate the retail price index what are the problems of using the retail price index what are the advantages of inflation what are the disadvantages of inflation what are the remedies for cost-push inflation
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