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The existence of unemployment
a. Suppose the unemployment rate is very low. How easy is it for firms to find workers to hire? How easy is it for workers to find jobs? What do your answers imply about the rela- tive bargaining power of workers and firms when the un- employment rate is very low? What do your answers imply about what happens to the wage as the unemployment rate gets very low?
b. Given your answer to part (a), why is there unemployment in the economy? (What would happen to real wages if the unemployment rate were equal to zero?)
Graph a market with a tax where firms pay the majority of the tax. Graph the long run equilibrium for perfect competition. Using a similar average cost curve, graph the long run equilibrium for monopolistic competition. Compare the results.
A manufacturer produces six products from six inputs. Each product requires different combinations and amounts of inputs. The following table shows the profit and raw materials requirements for each product. The last column shows the total amounts..
(a) If we reject the null hypothesis for the overall significance F-test, this is evidence that all the slope coefficients are non-zero.
A major defence supplier expects to generate additional revenue from its recently won government contract. The company expects the revenue will be $110 million in the first year and the revenue increasing by $2.5 million each year for the next 4 year..
the mean sales for tire sales of ntb is 1100 the standard diviation is 50.a. according to chebyshevs theorem what
During the debate over NAFTA, opponents argue that given the relative size of the two economies, the income gains resulting from the agreement would be smaller for the United States than for Mexico.
Your local farmer has many competitors, and he operates in a market structure known as perfect competition. This means that price is determined outside of the individual farmer's ability to determine his selling price - labor supply curve suggests th..
Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?
The days of picking up a phone and calling to order a product is almost of heard of today. Today most ordering is done on line using new technology known as Electronic Data Interchange (EDI). Big distribution centers are using this technology to fil..
What is the common economic issue or policy debate these three articles are addressing? Is this still relevant today and are the authors making policy recommendations, or criticizing some policy ideas? What, specifically?
a tell me why you selected the appropriate exponential smoothing method by commenting on your y data
Which of the following is a kind of decision that can be made at margin. whether to hire new workers or not ,whether to go on vacation or not or else.
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