Economists believe people should get paid according to the value of the output they produce. This is fairly easy to determine when you produce something physical, such as cupcakes. However, it becomes very difficult to measure if you are providing a service (perhaps teaching, or you're a doctor treating a medical condition).

Regardless of how you measure the value of the output, the more productive you are the more valuable you are in the market to potential employers. This is the reason many economists are against the minimum wage and are for programs that contribute to improving an employee's productivity (such as education and training). There is surprising agreement with just how important education is in minimizing income inequality among economists.

Given this information, what would you recommend to policy makers? What do you think about various school districts having vastly different access to resources around the state, or even the country? Recall, spending more money on education does have an opportunity cost - be sure to include that in your answer.

Your answer should demonstrate the knowledge you learned over the course of the semester. Most require 300-400 words to adequately express their ideas.

Let C be the boundary of the quarter circle with radius 1, oriented counterclockwise (Figure 1). Evaluate H C(ex + y2) dx + (ey + x2) dy

Emily deposits $150 at the beginning of each quarter into an account earning 6.7% for 25 years. How much money will she have at the end of those 25 years?

In July 2020, Delta Air Lines reported earnings for the second quarter of 2020. Delta’s CEO Ed Bastian stated “[d]emand has stalled as the virus has grown...coupled with the quarantine measures”. Delta’s posted a $5.7 billion net loss in the second quarter. Which of the following is correct?

• A. Delta's accounting profit is -$5.7 billion with a lower economic profit.
• B. Delta's accounting profit is -$5.7 billion with a higher economic profit.
• C. Delta's economic profit is -$5.7 billion with a lower accounting profit.
• D. Delta's economic profit is -$5.7 billion with a higher accounting profit.
• E. None of the above.

Briefly explain which part of GDP would have changed by how much for years 2018 and 2019 after the following event:​

2,000 copies of the new 6th edition of Krugman-Wells Macroeconomics were produced in October 2018. Each textbook is priced at $100. Since the new edition came out after the start of Autumn quarter, they were all sold after January 2019, during Winter quarter. However, since the 6th edition was not very different from the 5th edition, 20 students in ECON 202 in Winter 2019 ended up purchasing used books in 5th edition at $40 each.

The following information pertains to Amigo Corporation:

      Month                        Sales         Purchases

      July                         $30,000             $10,000

      August                      34,000               12,000

      September                 38,000               14,000

      October                     42,000               16,000

      November                 48,000               18,000

      December                  60,000               20,000

?           Cash is collected from customers in the following manner:

            Month of sale (2% cash discount)     30%

            Month following sale                       50%

            Two months following sale              15%

            Amount uncollectible                        5%

?     40% of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.

Required:

a.   Prepare a summary of cash collections for the 4th quarter.

b.   Prepare a summary of cash disbursements for the 4th quarter.

Consider Whirlybird, Inc. offers helicopter tours and transportation in major cities around the ... Consider Whirlybird, Inc. offers helicopter tours and transportation in major cities around the world. The company is considering a stock repurchase in the upcoming quarter. As the Chief Financial Officer (CFO), you understand there are several methods to reduce quarterly earnings, which could reduce stock price prior to the announcement of the proposed stock repurchase.

Discuss

What course of action do you recommend to the Chief Executive Officer (CEO) of Whirlybird?

If the CEO approached you recommending a reduction in current quarter earnings, how would you respond?