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Minimum wage legislation requires most firms to pay workers no less than the legislated minimum wage per hor. Using marginal productivity theory, explain how a change in the minim wage affects the employment of unskilled workers.
Business Economics, Economics
1. What are the modern, firm-based international trade theories? 2. Describe how a business may use the trade theories to develop its business strategies. Use Porter's four determinants in your explanation. 3. What is th ...
How does fixed cost affect marginal cost? Why is this relationship important?
Julian is in pain! He needs to purchase Advil to feel better. Julian has $12 to spend on medication. Suppose that he can buy Advil in two dosages: 200mg and 400mg. Julian only cares about getting better and not about the ...
In one of your classes the syllabus states that HW is worth 10%,quizzes 20%, test 40% and the final 30%. Your grades on the HW is 80, quizzes 75 and tests 68. What is your current grade in the class? What do you need to ...
The following chi-square example of three age groups for men and women.: Age Group 0-18 19-35 Over 35 Men 18 30 12 Women 12 20 ...
A National Center for Health Statistics report based on 1985 data states that 30 percent of American adults smoke. Consider a simple random sample of 17 adults. Find the probability that the number of smokers in the samp ...
Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and ...
A team of researcher randomly separates their Study's participants into two groups, giving one group a placebo and the other a new treatment to be tested. As the treatment i not experimental, both participants and resear ...
My kids love playing UNO and we just finished up an intense round. Lets say that the deck has 80 cards. 20 red, 20 blue, 20 green and 20 yellow. What is the probability of pulling 3 green cards if the first 2 are replace ...
How to perform a regression for barrels sold vs. US Pop. Write the estimated regression equation? The barrels sold are the dependent variables while US Pop is the independent variable.
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