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Recently, the House of Representatives passed legislation to increase the minimum wage in the nation from $5.15 to $7.50. What are the pros and cons of this proposal? Provide an analysis based on the demand and supply of labor.
Business Economics, Economics
A communications company offers 16 different television packages and 16 different internet packages. Of those, 5 packages include both television and internet. How many ways are there to choose either television or inter ...
Problem 1. A firm's production function C is given by C (q) = 0:5q 2+2q 1 2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all fixed costs are sunk, and the minimum price at which this firm wil ...
Ross Textiles wishes to measure its cost of common stock equity. The firm's stock is currently selling for $57.50. The firm expects to pay a $3.40 dividend at the end of 2013. The dividends for the past 5 years are shown ...
According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered ...
The local police department must write an average of 5 traffic tickets each day to keep department revenues at budgeted levels. Suppose the number of tickets written per day follows a Poisson distribution with a mean of ...
What is the factors that determine wages which are largely responsible for determining how the economy's total income is distributed among the various members of society?
Every day your friend commutes to school on the subway at 9 AM. If the subway is on time, she will stop for a $3 coffee on the way to class. If the subway is delayed she skips the coffee and goes straight to class. The p ...
There is a proposal for a new Special Economic Zone in New Jersey. Based on the other examples of SEZs that we have read about, what are the pros and cons of this policy for various stakeholders?
Can you provide the answer and explain why? The price elasticity of demand for a good will be greater the less available are suitable substitutes for this good the longer the time period considered for a group of related ...
A professional baseball pitcher takes 15.66 seconds to throw each? pitch, on average. Assume the? pitcher's times per pitch follow the normal probability distribution with a standard deviation of 2.6 seconds. Complete pa ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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