+1 (347) 474-1028

# Order the answer to: 6. In 1968, the U.S. federal minimum wage was \$1.60/hour The CPI was 34.90 in July 1968 and was 251.

Posted By George smith

Question
6. In 1968, the U.S. federal minimum wage was \$1.60/hour The CPI was 34.90 in July 1968 and was 251.598 in July 2018. Adjusting for inflation, how much was the minimum wage in 1968 worth in 2018 dollars?

Subject
economy

# Order the answer to: all 6. There are 2 firms in an oligopoly market: firm ABC and firm XYZ. They simultaneously des to s

Posted By George smith

Question
all
6. There are 2 firms in an oligopoly market: firm ABC and firm XYZ. They simultaneously des to spend on advertising. If both firms spend on advertising, the profit of each will be \$80. If by not spend on advertising,

# Order the answer to: 6. (24 points) (consumption distortion under import tariff) Consider a small economy with two goods:

Posted By George smith

Question
6. (24 points) (consumption distortion under import tariff) Consider a small economy with two goods: cloth and food. There are a population size of N = 1,000,000 and each individual is endowed with Qc = 900 units of cloth and QF =

# Order the answer to: me solve this question… 6. \$3,000 Years Figure P6.3 A The investment shown in the following f

Posted By George smith

Question
me solve this question…
6. \$3,000 Years Figure P6.3 A The investment shown in the following figure has an annual equivalent worth of S400 at i = 10%. Determine the cash flows in periods 2, 3, 5, and 6. \$400 \$400

# Order the answer to: 6. [3 Marks] Your business purchased a condo for \$200,000. If you renovate the condo, you can sell i

Posted By George smith

Question
6. [3 Marks] Your business purchased a condo for \$200,000. If you renovate the condo, you can sell it for \$500,000. You thought you would pay \$250,000 to renovate the condo, but you now find out that it will cost \$375,000 to

# Order the answer to: use a venn diagram to illustrate the answer 6. +3) Tasks A and B each require ten workers. Su

Posted By George smith

Question
6. +3) Tasks A and B each require ten workers. Suppose that 20 workers, including five minority workers, are divided randomly into two groups of ten. What is the probability that all five minority workers are assigned to task B?

# Order the answer to: 6) [4 points) If employment is less than the full employment level, fist two possible fiscal policy

Posted By George smith

Question
6) [4 points) If employment is less than the full employment level, fist two possible fiscal policy actions the government can pursue in order to increase it back to the full employment level.

Subject
economy

# Order the answer to: 6. (40 points) In class, we studied the Stakelberg and Cournot models of oligopoly, which differ in

Posted By George smith

Question
6. (40 points) In class, we studied the Stakelberg and Cournot models of oligopoly, which differ in terms of whether firms move sequentially or simultaneously. Below we explore a model that combines main features of the two. Firms 1, 2, and 3

# Order the answer to: 6. (5 points)An economy contains two people and two goods, apples and bananas. Both people like both

Posted By George smith

Question
6. (5 points)An economy contains two people and two goods, apples and bananas. Both people like both goods, but value them differently. For person 1,1 apple is exactly equivalent to 2 bananas: she is indifferent between any bundles (a, b) and (a

# Order the answer to: 6) Assume preferences are strictly convex. A consumer has a budget constraint given by: M-P.X + P,Y.

Posted By George smith

Question
6) Assume preferences are strictly convex. A consumer has a budget constraint given by: M-P.X + P,Y. A) Using a diagram, identify a utility maximizing bundle. Your answer must include an explanation of how you know that bundle maximizes utility. (5 points)