''Irrespective of the structure of the labour market, economic theory predicts that the imposition of a minimum wage above the otherwise prevailing wage unambiguously reduces employment”.

Discuss the validity of the above statement both on the basis of economic theory and in light of the existing empirical evidence

1.A manufacturer of mountaineering equipment produces traditional​ three-strand climbing rope on two separate production​ lines, line 1 and line 2. The manufacturer regularly tests the tensile strength of its ropes by randomly selecting ropes from production and subjecting them to various tests. The results from the most recent random sample of ropes are shown below.

Assuming the population of tensile strengths for each line is approximately normally distributed with equal​ variances, can the manufacturer conclude there is a difference between the mean tensile strengths of ropes produced on the two​ lines? Conduct the appropriate hypothesis test at the 0.01 level of significance.

Line 1 Line 2

x overbar x1=7,248 lb x overbar x2=7,725 lb

s1=405 s2=430

n1=25 n2=20

What are the appropriate hypotheses to​ test?

A. H0​: μ1−μ2≥0

HA​: μ1−μ2<0

B. H0​: μ1−μ2≤0

HA​: μ1−μ2>0

C. H0​: μ1−μ2<0

HA​:μ1−μ2≥0

D. H0​:μ1−μ2>0

HA​: μ1−μ2≤0

E. H0​: μ1−μ2≠0

HA​: μ1−μ2=0

F. H0​: μ1−μ2=0

HA​: μ1−μ2≠0

Determine the rejection region for the test statistic t. Select the correct choice below and fill in the answer box to choose choice.

​(Round to four decimal places as​ needed.)

A.

t>?

B.

t<?

C.

t<? or t>?

Calculate the value of the test statistic.

t=?(Round to four decimal places as​ needed.)

Since the test statistic ▼ (choose is/ is not )in the rejection​ region, ▼(do not reject/reject)the null hypothesis. There is ▼(sufficient /insufficient) evidence to conclude that the two population means are different.

Suppose that the demand curve for wheat is

D

(

p

) = 120

−

10

p

, and the supply curve is

S

(

p

) = 10

p

. The government imposes a price floor of $8 per unit.

1. Draw a clearly marked graph to illustrate the demand, supply, competitive equilibrium

point (without government intervention), and the price floor.

2. Compute the equilibrium price and quantity after the price floor and interpret the results.

3. Explain who benefits and who loses from this measure and by how much. What can you

say about the welfare of the society as a whole?

Savemore store is a retail store that sells many different types of items and many different brands. The store has plain clothes security workers who walk around the store and watch customers to monitor and limit theft of merchandise.

Charley Customer enters Savemore and is seen walking down the clothing aisles looking at different clothing for sale at the store. Charley Customer has a shopping cart with him and makes his way to the registers to pay for the items in the shopping cart.

Sue, an undercover security worker, is doing her regular rounds and notices a tag and hanger clip torn off a belt and thrown in the middle of some folded shirts on a lower shelf. She did not see who removed the tag and hanger, but confirms the belt is missing. She radios to the other security workers what she discovered.

Security worker Mike recalls that he observed Charley Customer in the clothing aisles and jumps into action by running out to the parking lot and tackling Charley Customer and detaining him on suspicion that he took the belt. It is later realized that Charley Customer did NOT take the belt as the store surveillance video confirmed that the belt was taken earlier that day by another customer who already left the store.

Charley Customer is detained for approximately 30 minutes while the security workers investigate the situation. When they apologize to Charley Customer, he is so frustrated, he grabs a stack of papers off the desk in the security office and throws them at Sue! Sue was terrified as she saw Charley Customer get upset and start to throw the papers at her; thankfully she was able to move out of the way and not get hit.

Explain what claim, or claims, Charley Customer may potentially bring against Savemore and the security workers. Be specific in the types of claims and explain why they may apply.

Explain what claim, or claims, Sue may be able to bring against Charley Customer and explain why in detail.

John is a middle aged executive for a small company. They treat him well, but, unfortunately, cannot pay what he believes he is worth. Recently, he applied to a large international corporation for an executive position. After a phone interview, which went well, the prospect employer set up an interview at their corporate offices. They then e-mailed John a series of questions which would be part of their second interview. Surprisingly, there were several questions as to what cable television news shows he regularly watches and the magazines and/or subscriptions he receives either online or through the mail.

John considers himself an independent and does not belong to any one party. He, however, favors cable news shows that are considered liberal and receives an online subscription to The New Republic and New Yorker. If he admits to this information, he worries he will be “painted” as a liberal, a radical, or at least an intellectual. Although this information should NOT be important to his future job, the company would not ask these questions unless they had a reason for this information.

Therefore, John decides to lie to the interviewing committee and indicate he rarely watches cable news shows and mostly watches the sports networks and the movie channel with his wife.

Is John’s conduct wrong? Is it unethical to lie to obtain employment when you know the provided information will not affect your work product? After he is hired, should he “confess” he watches some cable news shows?

What do you do? What are your choices?

after a car wreck, most drivers would probably believe that an auto body shop would be run by a man. Cindy Kleis wants to defy this stereotype by running her own dent and body repair operation. Her company is set to open in 3 months. It will offer serv'ices ranging from touch-up painting to minor and major repairs from crashes.

Cindy learned the trade from her father, who worked as an employee for a repair company for more than 30 years. He recently retired, and his former employer closed his shop. This left an opening for a new firm. After purchasing a highly "Sible location on a major street in the city, Cindy contacted a local advertising and marketing agency. She set aside $15,000 for the marketing of her launch.

The agency specializes in small business advertising and promotion. The question becomes how to reach the highest number of potential customers and the message that should be sent when making contact with them. Cindy believed that her primary advantage would be a set of skilled and experienced repair experts. with a combined 40 years of previous work. All three individuals were friends of her father and had been taught by him.

One question which would need to be resolved centered on whether the advertising should emphasize or de-emphasize the fact that the shop was owned and run by a woman. Cindy believed it was a true advantage. She noted that many women take charge when a family car is damaged, and that they might enjoy dealing With a female manager.

Media selection constitutes another major decision. Cindy knows she needs to entice people to make the first visit. which could be months or even years down the road She needs to place her company's name in their minds so that when the time comes they will visit her location.

The city in which the company is located has about 150,000 residents. When combined with the county, about 300,000 potential customers are present. The new company will have 3 major competitors in the city.

question: Create an effective media mix and describe the campaign you would create for the grand opening and subsequent months for Cindys Auto Body Repair Shop.

What is the sequence of events in the Relentless Profit Squeeze and compare to the sequence of events facing a monopoly

please answer soon anyone

Phillip was waiting for a bus at a bus stop. Across the street and down the block, a mechanic negligently overinflated a tire he was intending to put onto Marsha’s pickup truck. The exploding tire injured Marsha and frightened a neighborhood dog, which ran down the street and knocked Phillip down, injuring his knee. Phillip sued the mechanic. In applying the Palsgraf v. Long Island Railroad Co. decision to this case, explain in detail why or why not the mechanic would be liable and provide a thorough analysis. Make sure to apply the facts of this situation to the Negligence Analysis as well with particular focus on the Palsgraf application.

130 kg of uniform spherical particles with a diameter of 60 mm and particle density 1500 kg/m³ are fludised by water (density 1000 kg/m³, viscosity 0.001 Pa s) in a circular bed of cross-sectional area 0.2 m². The single particle terminal velocity of the particles is 0.98 mm/s and the voidage at incipient fludisation is known to be 0.47. Determine:

The minimum fludised velocity and the bed height at incipient fludisation.                               

The mean fludised bed voidage and height when the liquid flow rate is 2x10^-5 m³/s.  

STEP 1 Transactions

Select a business of your own choice and make up at least 15 transactions of your own choice. These transactions should focus on Cash Receipts, Cash Payments, Sales, Purchases, Sales Returns, Purchases Returns and General transactions.

STEP 2 Source Documents

For each of the transaction that you have selected, identify the source document used.

Step 3 Journals

Post the 15 transactions selected in step 1 into the 7 journals that you have learnt.

Step 4 T-Form Ledger Accounts

Post the entries from the Journals to the ledger. You are required to make all the ledger accounts.

Step 5 Trial Balance

From all the Ledger Accounts Prepared in Step 4, extract a Trial Balance.

Discuss the tools and techniques best suited for resistance to change?

Consider the following regression equation for the United States (standard errors in parentheses):

            where: P_t      = per capita pounds of pork consumed in time period t

                        PRP_t = the price of pork in time period t

                       PRB_t = the price of beef in time period t

                       YD_t   = per capita disposable income in time period t

(a) Hypothesize signs and specify the appropriate null and alternative hypotheses for the coefficients of each of these variables.

(b) State your decision rules and then test your hypotheses on the above results using the t-test at a 5% level of significance.

(c) If you could add one variable to the regression, what variable would you add? Why?