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The Subway fare in your town has just been increased from a current level of .50 cents to a 1.00 per ride. As a result, the transit authority notes a decline in ridership of 30%. a. Compute the price elasticity of demand for subway rides. b. If the transit authority reduces the fare to back to .50 cents, what impact would you expect on the ridership? Why?
Assume which is more difficult to monitor workers at larger firms than at smaller firms. According to the delayed payment compensation model,
Illustrate graphically why someone paid an yearly salary might be likely to shirk if monitoring is incomplete at the firm.
The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 was employed, 7,381,000 were unemployed, and 79,436,000 were not in labor force.
tuition is s= 60,000; he can earn w= $10K as a part-time waiter in college; the interest rate is r= 10%; and he anticipates earning w= $144K after he graduates. If, instead, he does not enroll in college, then he will earn wn= $45K per annum duri..
Consider an economy that produces only chocolate bars. In year 1, the quantity produced is 3 bars and the price is $4. In year 2, the quantity produced is 4 bars and the price is $5. In year 3, the quantity produced is 5 bars and the price is $6. ..
Describe various goods you either buy or sell at your workplace that are price elastic.
What must the CFO expect about the Australian Dollar/US$ exchange rate 1 year from now if she chooses to invest in the US $ CD's instead of the Australian CD's?
A firm wants to lease some land from you for twenty years and build a warehouse on it. As your payment for the lease, you will own the warehouse at the end of the twenty years.
Suppose that the Fed's inflation target is 2%, potential output growth is 3.5%, and velocity is a function of how much the interest rate differs from 5%: %^V= 0.5 X (i-5). Suppose that a model of the economy suggests that the real interest rate is..
Illustrate what trends do you see in the data sets. Support your assertions of trends with statistical evidence.
Illustrate what are some of the traditional international trade theories that support the concept of globalization.
Construct a table showing the marginal failure reduction (in units) and the dollar value of these reductions for each inspector hired.
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