Questions tagged [real-analysis]
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4
questions with no upvoted or accepted answers
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0answers
22 views
What problems arise when the minimum wage is directly linked to the inflation rate?
For example if the minimum wage is 10, and the inflation for the year is 3%, then next year the minimum wage is 10*1.03 =10.30. the next year, inflation is 5%, so the minimum wage becomes 10.82.
The ...
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votes
0answers
29 views
Relationship between strictly convex preference and convex preference
Let X be a convex subset of linear topological space and let binary relation >=
be a complete preordering.
prove: If preference relation is strictly convex and continuous, then it is convex.
Since ...
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2answers
23 views
Real wages fluctuation as per classical economics
I have just started studying Macroeconomics and have noticed that as per the Classical economics, the real wage level will always remain same because any change in price level in the market is ...
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votes
1answer
40 views
Calculating elasticity between terms in a regression equation
Given the following regression: $ln(w_i)=\beta_1+\beta_2age+\beta_3age_i^2+\beta_4Y_i+\beta_5T_i+\beta_6Mar_i+\epsilon_i$ I am asked to calculate the elasticity of wages with respect to age. Is the ...
