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The Bureau of Labor Statistics announced that in February 2008, of all adult Americans, 145, 999,000 were employed, 7,381,000 were unemployed, and 79,436,000 were not in the labor force. Use this information to calculate:
a. The adult populationb. The labor forcec. The labor-force participation rated. The unemployment rate
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A firm uses a single plant with costs C = 160 + 16Q + .1Q 2 and faces the price equation-Find the firms profit maximizing price and quantity. What is its profit?
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