Other Economics Answers

The British Columbia government recently increased the minimum wage from $14.60 per hour to $15.20 per hour. The new minimum wage was implemented as of June 1, 2021. Drawing from what you have learnt on the topic “labour demand” and from related literature, what do you think might be the implications on employment and wages in the Province?

word limit: 120 words

The British Columbia government recently increased the minimum wage from $14.60 per hour to $15.20 per hour. The new minimum wage was implemented as of June 1, 2021. Drawing from what you have learnt on the topic “labour demand” and from related literature, what do you think might be the implications on employment and wages in the Province?

Word Limit: 120 words

with the aid of a graph, what will happen to the rand/dollar exchange rate and the equilibrium quantity of dollars if South African exports to the United States increase. 

Mike’s shear Shop provides 4,000 hair cuts each month at average price of $5.00 per haircut. The common costs of operating the store are $12,000 per month. The business is considering hiring a photographer who would take pictures of customers after they had their hair cut. The price of the photographs would be $2.50 and it estimated that 2,000 customers would purchase the service each month. The total extra cost of the photographic service is 1,000 + 1Q per month, where Q is the number of photographs sold.

i) If the decision is to be based on incremental revenue and incremental cost, should the service be offered? Explain.

ii) If the decision is to be made on the basis of fully distributed costs and if the $12,000 in monthly common costs is to be apportioned based on the revenues from haircuts and photo sold each month, should the new service be offered? Why or not?

what do you understand by fiscal federalism in india

Discuss the two main trade remedies that Namibia could use to safeguard its market against imports and can it use the same remedies against imports from South Africa?

Discuss the main conclusions at the Namibia Poverty Mapping Report and the main Recommendation made in the same report, which could see a major reduction in poverty levels.