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When the wage rate rose from $6.25 per hour to $6.75 per hour, employment in Fast food, Inc. fell from 5,100 to 4,900. What is the price elasticity of demand for labor?
Business Economics, Economics
1. Why are the costs of fixed assests depreciated? 2. Why would a bank lending officer be intersted in cash flow staement of a company that is apllying for a loan?
You're trying to find out how many students who graduate with accounting degrees from large universities are employed at graduation. You design an experiment where you collect information on several variables from recent ...
Determine the sample size n needed to construct a 99?% confidence interval to estimate the population mean when σ=24 and the margin of error equals 9.
Roza from STV recently said that Fiscer will start paying dividends in the medium term future because of all of the cash flow that it generates (coupled with a cash balance in excess of $20 billion). When pressed on the ...
Blooper Industries must replace its magnoosium purification system. Quick & Dirty Systems sells a relatively cheap purification system for $15 million. The system will last 5 years. Do-It-Right sells a sturdier but more ...
Does importation of foreign prescription drugs make sense and should it be allowed? For what reason should the importation of prescription drugs be denied? Are the pros and cons connected, what is better for the public?
Billy Ray works for Big City Planning where he is covered by the employer's qualified profit sharing retirement plan. Billy earns $70,000 a year and is single. How much can Billy contribute to a traditional IRA? What is ...
In the summer of 2013, Walt Disney released The Lone Ranger, starring Johnny Depp and produced by Jerry Bruckheimer. The film bombed at the box office: Worldwide, it earned about $245 million in revenue, well below the $ ...
A orange juice producer buys all of his oranges from a large orange orchard in Florida. Suppose that the amount of juice squeezed form each of these oranges is normally distributed with a mean of 4.70 and a standard devi ...
The Hulk has a $1000 monthly budget for wellness, which he spends on gym visits and vitamin supplements. His preferences over gym visits and vitamin supplements are rational, monotonic and convex. When each visit to the ...
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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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