You are offered two jobs, one in Chicago paying $67,000 and one in Dallas paying $58,000. The price index in Chicago is 110.8, and in Dallas it is 91.5. If real wages are the only consideration, then: a you would be indifferent between the two jobs because the real wages would be about the same (within 2%). b you would suffer from menu costs and be conflicted. c you would definitely take the job in Dallas because the real wage is higher there. d you would suffer from money illusion and be conflicted. e you would definitely take the job in Chicago because the real wage is higher there.

Consider the market for gasoline. suppose that, in a competitive market without government regulations, the equilibrium price of gasoline is $3.00 per gallon, and employees at gas stations earn $17.50 per hour. complete the following table by indicating whether each of the statements is an example of a price ceiling or a price floor and whether it results in a shortage or a surplus or has no effect on the price and quantity that prevail in the market. statement price control effect the government has instituted a legal minimum price of $3.40 per gallon for gasoline. the government prohibits gas stations from selling gasoline for more than $3.40 per gallon. due to new regulations, gas stations that would like to pay better wages in order to hire more workers are prohibited from paying more than $14.50 per hour.

Afood worker has just rinsed a dish after cleaning it.what should he do next?

Amajor advantage of case studies is