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The unemployment rate of western states is 5.2%, for eastern states it is 5.8%, for southern states it is 5.5%, and for Midwestern states it is 5.9%. The western states comprise 12% of the labor force, the eastern states comprise 21% of the labor force, the southern states comprise 30% of the labor force, and the midwestern states comprise the remainder of the labor force. Find the unemployment rate for the nation. (please round your answer to 2 decimal places)
What is the marginal product of the third worker? What is the marginal revenue product of the sixth worker? What is the marginal cost of the fourth worker?
Fisher's utility function for trout (T) and salmon (S) is given by U = ST, where the MUT = S and MUs = T. Which set of consumption bundles lies on the same indifference curve?
Should those who labeled the product pink slime and questioned it unfairly be disciplined in any way? Or, is this just an example of the market at work and nothing should be done? What should Roth and his company do now? What further action should th..
In an investment set up as a perpetual trust, the annual disbursement for the first 10 years is $10,000. If the trust is set up initially with $100,000, determine the disbursement that can be made from year 11 through infinity if the interest earned ..
If homeowners purchased a $250,000 home with a zero-down, interest-only mortgage, and the value of the home subsequently fell to $200,000, in order to sell the house and move to another city, the homeowners would be required at closing to pay
Air Express bought a used Boeing 757 plane 5 years ago for $35,000,000. At the time the plane was bought, it was estimated that it would have a service life of 10 years and its salvage value at the end of its service life would be $10,000,000. Air Ex..
Governments often impose taxes on the emission of specific pollutants, such as carbon tax. What is the relationship between the short-run effect and the long-run effect of such a tax on the quantity of pollution emitted? What is the relationship betw..
Where Qx represents thousands of donuts; Px is the price per donut; Py is the average price per donut of other brands of donuts; and Ax represents thousands of dollars spent on advertising Newton’s Donuts. The current values of the independent variab..
For country Gamma the opportunity cost for producing 1 computer is 10 tons of steel. For country Beta the opportunity cost for producing 1 computer is 6 tons of steel. Which country has the comparative advantage in the production of steel?
By specializing in the production of one good, a company is able to benefit from economies of scale which increases its revenue. Which of the following is an attribute of specialization
Suppose that fiscal policy changes output faster than it changes the price level. How might such timing play a role in the theory of political business cycles?
If a nation is selling less goods and services to foreigners than it is buying from them, then on net it must be buying more assets abroad, then the value of domestic assets purchased by foreigners. By itself, the purchase of a U.S. bond by a foreign..
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