Answer: b. The median pay of economics majors increased more in dollar terms than any other majors in 2015.
Explanation:
Several sources have shown that Economics majors had the highest per dollar increase of all majors in 2015.
This has been put down to the need for more economists in the field as the years go by and world economics becomes more uncertain. Another key factor is the level of specialization and expertise required of economists as most entry level economists jobs require a masters at the very least.
Answer:
The answer is below
Explanation:
a)
Gross income = Marc salary + Michelle salary + corporate bond interest = $69200 + $13950 + $1150 = $84300
AGI deductions = contribution + alimony = $3150 + $2150 = $5300
Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Let us assume married filing jointly = $24000
Itemized deductions = $7300
Greater of married filing jointly and Itemized deductions = married filing jointly = $24000
personal and dependency exemptions = $4050 per person
Therefore personal and dependency exemptions for Marc, Michelle and their child = 3 * $4050 = $12150
total amount of Marc and Michelle's deductions from AGI = Greater of married filing jointly and Itemized deductions + personal and dependency exemptions = $24000 + $12150 = $36150
b) Adjusted gross income = Gross income - AGI deductions = $84300 - $5300 =$79000
Answer:
The percentage change in nominal GDP from 2013 to 2014 was 4.29%
The percentage change in real GDP from 2012 to 2013 was 1.48%
The percentage change in real GDP from 2012 to 2013 was higher than the percentage change in real GDP from 2011 to 2012. FALSE
Explanation:
In order to calculate this we just have to calculate the percentages with a rule of thirds:
To calculate the first one we use the nominal GDP which is the GDP with the current market value:
To calculate the change in real GDP we use the values adapted to a pre-agreed monetary value, in this case the dollar at 2009:
To calculate the 2011 to 2012 we insert the values:
So with this we know that it is wasn´t higher the percentage change from 2012-2013, than that of 2011-2012
Answer:
B) the wages received for the fifth day of work.
Explanation:
Marginal benefit is the increment in benefit generated by an increase by one unit of output. In this situation, the marginal benefit is given by difference in wage of working five days a week from the wage of working four days a week. Therefore, the marginal benefit is the wage received for the fifth day of work.
The answer is alternative B)
Answer: Option(a) is correct.
Explanation:
Correct Option : Marginal cost curve above average variable cost for a typical firm in the market.
In a market of perfect competition, the shutdown price of the firms will be minimum point of average variable cost. So, there is supply of goods by the firms if the price is equal or above the shutdown point of the firm.
Therefore, the supply curve of the firm is the above part of the MC curve from the minimum point of average variable cost.
