Why does raising the minimum wage have to increase the prices of products? Why has the minimum wage not kept up with inflation over the past few decades? Explain why the quantity of labor supplied increases with the wage; other things remain constant. Describe why some workers...
Why does average total cost fall initially? Why will it definitely rise at higher quantity? Explain why raising the minimum wage won't cost a person his/her job or hours. If unemployment is so low (in the US), why is inflation not rising?
When I stopped eating meat I immediately felt better, lighter. Many people have told me the same. The adverse effects of too much red meat are well known (Harvard), and meat consumption certainly plays a role in the global rise in obesity (Science Daily). In addition some of th...
The quantity supplied refers to the amount of a certain good that producers are willing to supply for a certain demand price. What determines this interconnection is how much of a good or service is supplied to the market or otherwise known as the supply relationship or supply schedule which ...
It has been theoretically demonstrated that a perfectly competitive market will reach an equilibrium in which the quantity supplied for every product or service is equal to the quantity demanded at the current price. Allocative efficiencyandproductive efficiencyare both characteristics of perfect competit...
To convert a quantity of pre-split shares to post-split shares across multiple splits, multiply the ratio value of each split together. For example, a single pre-split AAPL share in 1987 would have eventually been split into 224 shares after the 2020 split. This is determined by multiplying...
Second, we have shown that a multiproduct firm has no incentive to eliminate an inefficient product with zero demand in both price and quantity competition, which also sheds lights on understanding other multiproduct choices, such as why airlines often keep some empty first-class seats and why ...
no residual link between gold and the dollar and therefore all other state-issued currencies. The quantity of money in circulation has been free to be expanded by central banks, the only limit being the consequential limitation of price inflation. That has now been conquered by statistical me...
the process through which the quantity of equity being supplied by sellers achieves an equilibrium with the quantity of equity being demanded by buyers. In a liquid market, the demand for equity must equal the supply on offer. “Price” is the factor that changes so as to cause the two to...
They determine the quantity of and rate at which nature develops the low entropy resources that humans use. For example, the humus in fertile soil that takes up to 2000 years to form, and the fossil fuels that started forming 300 to 400 million year ago. Likewise the way that high ...