Involuntary unemployment
Suppose the French government sets a minimum yearly wage of €35,000. Is there any involuntary unemployment at this wage?
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Suppose that Mensa Inc is a representative firm in a perfectly competitive industry. Mensa's total cost of production is TC= 5,000+5q^2, where q is mensa's output. Based on this equation, mensa's marginal cost is 10q. If the output is $100, what
The partnership has $200,000 in noncash assets that can be sold for $150,000. The partnership has $10,000 cash on hand, and $40,000 in liabilities. What is the minimum that partner Morse's creditors would receive if they have filed a claim for $50
An auto-service establishment has estimated its monthly cost function as follows: What price should the firm charge to realize the targeted profit? What would be its (cost-based) markup ratio?
Suppose the cable TV industry is currently unregulated. However, due to complaints from consumers that the price of cable TV is too high, the legislature is considering placing a price ceiling on cable TV below the current equilibrium price.
The company's total book value of debt is $. Its total market value of debt is $. (Enter your answers in dollars, not millions of dollars, e.g, $1,234,567.) Your best estimate of the aftertax cost of debt is percent. (Do not include the percent si
What is the inverse demand function for Dr. William's services? The average variable cost function for reconstructive nose surgery is estimated to be. what price should she charge to perform a nose operation?
A firm uses 1 capital for every 8 workers to produce 1 output. The price of output is $75, the wage rate is $6, and the rental rate for capital is $2 per unit. Assume capital is not a fixed cost.
The depreciation resulted from using the straight-line method with a useful life of 10 years and salvage value of $1,800. On this date, the company concludes that the equipment has a remaining useful life of only 4 years with the same salvage valu
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