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If the government passes a minimum wage of $10 per hour, what will be the new quantity of labor hired? Will there be a shortage or surplus of labor? How large?
How do developing and industrial countries differ in their use of technological change, labor, capital, and natural resources to produce economic growth?
What steps should the government take to improve the competitiveness of the South African healthcare sector?
Find profit-maximizing output and price for this monopolist. Calculate the marginal cost at monopolist's profit-maximizing output. Verify that the IEPR holds.
What are the implications for t-tests on individual parameter estimates in a regression? What are the implications for F-tests?
How much are the buyer and the seller's disagreement values, a and b? What happens if the buyer moves first?
Use a problem-solving process to gather information about the alternatives and trade-offs. Prepare a written summary of implementing the possible solutions.
What are the annual costs from the pothole damage? What are the annual costs due to damage from collisions?
Find out what changes the school district had to implement to adjust to the reduced funding levels and reduced resources available to schools.
How would you apply the concept of cost-benefit analysis to the decision whether to finish high school? To further your education beyond high school?
Write a short paragraph explaining how scarcity affects you and your family on a daily basis.
Identify possible solutions and prepare a decision-making grid to evaluate the alternatives. What decision would you make?
What decision-making strategies do economists recommend using? Synthesizing How does economics play a part in politics?
Explain the significance of trade-off, opportunity cost, production possibilities frontier, economic model, cost-benefit analysis and free enterprise economy.
What ideas did Adam Smith contribute to economic thought? Explain how Smith's ideas are evident in the workings of the American economy.
Provide at least three examples each of specialized workers and specialized capital. How would productivity change if they were not available to your school?
How might major events such as labor strikes affect you and your community? Select a possible event and write a brief paragraph about the potential effects.
The BIG Idea How is value related to scarcity and utility? Drawing Conclusions Why is investing in human capital beneficial?
Explaining How do goods and services differ? Describing How is economic growth related to productivity?
Explain the significance of good, consumer good, durable good, nondurable good, service, value, paradox of value, utility, wealth, market and factor market.
Provide several examples of items you had to do without because of limited resources, and explain how you adjusted to this situation.
The demand function is given as QD = 40 - 2P The supply function is given as QS = 2P. Calculate the equilibrium price and quantity.
Was the restaurateur's decision to advertise the license a good decision? Would you recommend that she accept this $83,000 offer?
Since the utility company (e.g. PWC, South River, Duke Energy) is a regulated monopoly, about what is the company advertising and why?
What procedures would Mulciber conduct to determine independence of the firm and audit team? Does the Mulciber audit team have the proper competencies? Explain.