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Briefly state and justify your position on each of the following proposals: a) Women and minorities should be paid the same wage as white males, provided the work is comparable. b) The United States should close its boundaries to all immigration. c) The federal government should take measures to achieve the 4 percent unemployment rate specified by the Humphrey-Hawkins Act of 1978. d) So-called "right-to-work laws," which specify that worker who refuse to join unions cannot thereby be deprived of their jobs, should be repealed. e) Conditions of worker health and safety should be determined by the labor market, not be governmental regulations.
After paying the movie distributors and meeting all other noninterest expenses, the owner expects to net $2 per ticket sold. Construction costs are $1,000,000 per screen. What is marginal benefits and marginal costs.
Describe an experiment that would quantify these two effects. Randomly select n students who have taken test only one time.
Consider a group of 10 friends who are considering going on a road trip. In determining whether or not to go, each friend considers both how much they would enjoy the trip and how much it will cost them. The cost of the trip will be $500 total, and w..
determine the breakeven output and total sales revenues. determine the output that would generate a total profit of $60,000 and the total sales revenues at the output level (Do not draw chart)
Even those who were not directly affected by the destruction were hurt because businesses failed or contracted and jobs dried up.
Use this information to find the Equilibrium Price, Quantity and Revenue in the market.
Elucidate, with the aid of demand and supply curves, the impact of increased crime on the demand for private security services. On your diagram, show the changes in the equillibrium price and quantity.
Suppose that in voting fraud around the country the government is forced to spend billions of dollars in legal fees. Analyze the effects of such a massive increase in government spending in both the classical and fixed price Keynesian models when the..
A study of the costs of electricity generation for a sample of 56 British firms in 1946-1947 yielded the following long-run cost function: Determine the long-run average variable cost function for electricity generation. Determine the long-run margin..
Which of the following would tend to increase AD?
What factors determine the intensity of rivalry in an industry. Is the intensity of rivalry in the PC industry high or low.
Describe the differences between shortages and scarcity. In answering this question you should think difference between the short run and the long run in economic analysis.
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