### The labor-force participation rate

##### Reference no: EM131090419

Consider the economy whose data appear in the table below. Working-age population 100,000 Labor force 80,000 Unemployed 12,000 Instructions: Round your answers to one decimal place. a. The unemployment rate is %. b. The labor-force participation rate is %.

#### What will the hourly cost be to run this machine

A machine is purchased for \$56,000 with a useful life of 5 years, after which, it is estimated to be worth \$5,000. The machine will be operating 2,500 hours per year with an

#### Best describes a monopsonist

Which of the following best describes a monopsonist? Which of the following is true of an imperfectly competitive labor market? With regard to monopsonists, which of the follo

#### Which of these projects would you choose to invest

Projects A requires an initial outlay of \$1000 and yields \$41200 in 4 year's time. Project B requires an outlay of \$30 000 and yields \$35 000, after 4 years. Which of these

#### Suppose that restaurant offering ethiopian cuisine opened

Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. and became a great success. What would you predict would happen in the restaurant market f

#### Find the labor demand and labor supply for an economy

In this problem we will find the labor demand and labor supply for an economy, from there we will determine the equilibrium quantity of labor, and by plugging that into the pr

#### The federal minimum wage was last increased

The federal minimum wage was last increased from \$6.55 to \$7.25 per hour. Suppose that the elasticity of labor supply of teenagers is 0.12. Using this estimate, by what percen

#### Expects her property taxes and homeowners insurance

Tammy Walters wants to know what price home she can afford. Her annual gross income is \$40,000. She owes \$750 per month on other debts and expects her property taxes and homeo

#### Prices rise when a government prints too much money

One of the economic principles says: "Prices rise when a government prints too much money".  Explain and justify in details how this principle works. Suppose in a bank the amo