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What are the positive and negative effects of the minimum wage?
2. If AD shifts $60 for every $1000 change in consumer wealth, by how much will AD increase if the stock market rises in value by $400 billion?
3. 3. If AS decreases by $50 billion for every 1 percentage point increase in tax rates, by how much will AS shift to the left when the tax rate is raised from 35% to 40%?
3. 3. If AS decreases by $50 billion for every 1 percentage point increase in tax rates, by how much will AS shift to the left when the tax rate is raised from 35% to 40%?
If the average worker produces $100,000 of GDP, by how much will GDP increase if there are 150 million in the labor force and unemployment falls from 6.0% to 5.5%?
Indicate for each pair of goods which good has the more elastic price demand and why? A)automobile,gasoline B)electricity, amusement park admission
What is the formula to calculate WDV of an asset ?
Economics
Show an increase in demand for chocolate ice cream, explain the determinant you used to show this increase in demand.
How would I show this on a graph?
How would I show this on a graph?
What are the good and bad aspects of labor mobility between countries?
Is labor mobility helping to the developing and/or developed countries?
Do you think any international policies or national policies should be implemented to regulate or encourage or restrict the immigration of the workforce?
Is labor mobility helping to the developing and/or developed countries?
Do you think any international policies or national policies should be implemented to regulate or encourage or restrict the immigration of the workforce?
An online Merchant estimates the price elasticity for rice is estimated to be -0.4 and the income elasticity is 0.8. At a price of $0.40 per pound and a per capita income of $20,000, the demand for the rice is 50million tons per year.
Required;
a) If per capita increases to $20,500, what will be the quantity demanded of rice.
b) If price of rice increases to $0.41 per pound and income remains at $20,000, what will be the quantity demanded.
Required;
a) If per capita increases to $20,500, what will be the quantity demanded of rice.
b) If price of rice increases to $0.41 per pound and income remains at $20,000, what will be the quantity demanded.
Economics
How was paper note developed?
Quantity
Total Fixed Cost
Total Variable Cost
Total Cost
Average Cost
Marginal Cost
25
10
18
?
?
?
26
10
20
?
?
?
27
10
21
?
?
?
Total Fixed Cost
Total Variable Cost
Total Cost
Average Cost
Marginal Cost
25
10
18
?
?
?
26
10
20
?
?
?
27
10
21
?
?
?
