Ms. Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel's real wages that year, and by what percentage had they changed? Real wages (1995) = $ Percentage change = %

Ms. Spielvogel was paid $400 a week in 1987, the base year. By 1995 she was earning $900 a week. If the consumer price index was at 180 in 1995, how much were Ms. Spielvogel's real wages that year, and by what percentage had they changed? Real wages (1995) = $ Percentage change = %

Principles of Economics 2e

2nd Edition

ISBN:9781947172364

Author:Steven A. Greenlaw; David Shapiro

Publisher:Steven A. Greenlaw; David Shapiro

Chapter17: Financial Markets

Section: Chapter Questions

Problem 7SCQ: If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was...

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the questions come together, they are a two part question. please show the work and where to put it on the graph. thank you.
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* MindTap - Cengage Learning b Answered: Homework (Ch 17) En x + A ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=59828118170010561930692029148&elSBN=9780357133606&id=1270090919&snapshotld=2556323& E Apps M Gmail A Maps A clickserve.dartsearc. E Reading list YouTube « * CENGAGE MINDTAP Q Search this course Love v A My Home Homework (Ch 17) Courses Complete the following table by indicating whether each of the scenarios describes the concept of tying, resale price maintenance, or predatory O Catalog and Study Tools pricing. Resale Price Predatory Pricing A-Z EE Rental Options Scenario Tying Maintenance Coolaire is the only firm producing refrigerators. It costs $1,000 to produce a refrigerator, and - College Success Tips Coolaire sells each refrigerator for $1,200. After Chillbox, a new firm with the same costs as Career Success Tips Coolaire, enters the market for refrigerators, Coolaire starts selling its refrigerators for a price of $550. ? Help Snackyville sells a wide…
The model of competitive markets relies on the following four core assumptions: 1. There must be many buyers and sellers, none of which is large in relation to total sales or purchases. In other words, a few players can't dominate the market. 2. Each firm produces and sells a homogeneous product that is indistinguishable from all other firms' products in a given industry. That is, buyers must regard all sellers' products as equivalent, or identical. 3. Buyers and sellers have all relevant information about prices, product quality, sources of supply, etc. 4. Firms have free entry into and exit from the industry. New firms can enter the market easily, and existing firms can exit the market easily. There are no barriers to entry or exit. The first three assumptions imply that all consumers and firms are price takers. The final assumption is not necessary for price-taking behavior, but guarantees that a market remains competitive in the long run.
If you receive 500 in simple interest on a loan that you made for 10,000 for five years, what was the interest rate you charged?
History Bookmarks Profiles Tab Window Help zm zm EAS zoom G Bb C C IGIIGG .com/static/nb/ui/evo/index.html?deploymentId=5981412282275864594790208&elSBN=9780357133576&id=1983540141... New CENGAGE MINDTAP Homework(Ch 13) Q Search th Scooter's Scooters is a large American manufacturer of electric scooters operating out of Fort Collins. Currently, the company produces all of its scooters using a single manufacturing facility, its factory in town. Recently, management has been considering expanding operations to one or two additional factories. The following table presents the manufacturer's monthly short-run average total cost (SRATC) for various levels of production if it operates out of one, two, or three factories. (Note: Q equals the total quantity of scooters produced by all factories.) Average Total Cost (Dollars per scooter) Number of Factories Q = 100 Q = 200 Q = 300 = 400 Q = 500 Q = 600 1 360 200 160 240 400 720 . 2 540 300 160 160 300 540 3 720 400 240 160 200 360 Suppose…
Homework (Ch 08) * MindTap - Cengage Leaming e.com/static/nb/ui/evo/index.html?deploymentld=58830023220612202193347127562&elSBN=9781337622349&id%3D908491119&snapshotld=1937530& 3 CENGAGE MINDTAP Q Search this Homework (Ch 08) 8. Short-run and long-run effects of a shift in demand Suppose that the perfectly competitive tuna industry is in long-run equilibrium at a price of $3 per can of tuna and a quantity of 600 million cans per year. Suppose the Surgeon General issues a report saying that eating tuna is bad for your health. The Surgeon General's report will cause consumers to demand tuna at every price. In the short run, firms will respond by Shift the supply curve, the demand curve, or both on the following diagram to illustrate these short-run effects of the Surgeon General's announcement. Note: Select and drag one or both of the curves to the desired position. Curves will snap into position, so if you try to move a curve and it snaps back to its original position, just drag it a…
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you have been working as a manager of a fashion store. You saved 50,000 and you decided to use the money to start your own business, You decided to use the money you saved to buy materials, you als decided to utilize a store you own to home your business. The store you used for your business could have been rented for 8,000 a year. You hired a clerk to help you in the store that will cost you 20,000 per year. The interest you could have earned on the 50,000 you used to buy the materials was 3,000 per year. Futhermore, you decided to manage your own business and you decided to quit your job that was paying 28,000 per year . You paid 8,000 for utility. What is yor explicit cost? Assume that your total sale for the year was 160,000. What is your implicit cost, what is the accounting profit? what is your economic profit?
MindTap-Cengage Learning X /static/nb/ui/evo/index.html?deploymentld-58326557198082800211662038eISBN=9781337914413&nbld-3236996&snapshotld-3236996&id=16: Courses My Drive - Google...MyHarper | Students CENGAGE MINDTAP Aplia Homework: Demand, Supply, and Markets WAGE (Dollars per hour) 20 18 16 14 12 10 8 6 4 2 0 X 0 • I Supply I I T Demand I I II I || 1 50 100 150 200 250 300 350 400 450 500 LABOR (Thousands of workers) In this market, the equilibrium hourly wage is S H Graph Input Tool Market for Labor in the Fast Food Industry Chapter 4 HW Flashcards | Quizle X + Wage (Dollars per hour) Labor Demanded (Thousands of workers) and the equilibrium quantity of labor is Search L pe U 8 8 Suppose a senator introduces a bill to legislate a minimum hourly wage of $8. This type of price control is called a 300 Labor Supplied (Thousands of workers) thousand workers. O 3 D 200
Graces Mino Te Mino Te × Login X ° Mail-Jak x Sign in x IN Graces ng.cengage.com/static/nb/ui/evo/index.html?deploymentId=6099182525254170015498996835&elSBN 978 CENGAGE MINDTAP Chapter 11 Homework Back to Assignment Attempts Average/2 2. Alternative price indexes Because there isn't one single measure of inflation, the government and researchers use a variety of methods to get the most balanced picture of how prices fluctuate in the economy. Two of the most commonly used price indexes are the consumer price index (CPI) and the GDP deflator. The GDP deflator for this year is calculated by dividing the However, the CPI reflects only the prices of all goods and services using using by the and multiplying by 100. Indicate whether each scenario will affect the GDP deflator or the CPI for the United States. Check all that apply. Scenario An increase in the price of a Smooth Streets Industries pothole puncher, which is commercial construction equipment made in the U.S. but not bought by U.S.…
What happens to happens to the annual payment on a loan as the term of the loan increases? O It stays the same It decreases It increases