CeeCee53
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If you could choose to work as many hours during the week as you wanted at a given per hour wage rate, to what level would the per hour wage rate have to be before you would begin to choose fewer hours to work? Given your answer, does the supply of labor curve (wages on the vertical axis and hours worked on the horizontal axis) always slope upwards to the right?
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Posted: 2011-11-12 21:10:00
Last year the Bulls Business Bureau (BBB) retained $400,000 of the $1 million net income it generated. This year BBB generated net income equal to $1.2 million. If BBB follows the constant payout ratio dividend policy, how much should be paid in dividends this year?
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Posted: 2011-11-12 20:58:00
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