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A country with a civilian population of 100,000 (all over age 16) has 80,000 employed and 10,000 unemployed persons. Of the unemployed, 2,000 are frictionally unemployed and another 4,000 are structurally unemployed. On the basis of this data, answer the following questions:
a. What is the size of the labor force?
b. What is the unemployment rate?
c. What is the natural rate of unemployment for this country?
d. Is this economy in recession or expansion? Explain.
Each of the players chooses an (integer) amount between $180 and $300. Both players receive the lower amount. Five dollars are transferred from the player who chose the larger amount to the player who chose the smaller one. Find the Nash equilibria f..
An engineering company just purchased a new CAD software for $8000 now and annual payments of $500 per year for 6 years starting 2 years from now for annual upgrades. What is the present worth of the payments if the interest rate is 6% per year?
A clinic has incremental costs per case of $10 and overhead costs of $100,000. It faces a price elasticity of demand of -2. What is the clinic’s profit-maximizing price? (Round to the nearest whole dollar)
You have selected a small coffee shop in your area. Develop a strategy for expanding this business in a national market. Why do you believe the business could succeed in this new geographic market? What are the risks of expanding into this market?
Which of the following is most likely to represent a fixed cost of a firm?
Each customer purchases their smoothie at the store where the total cost, i.e. price of smoothie plus travel cost, is the lowest.
Di9scuss what will happen in this market as it moves to a new equilibrium. If a hard freeze eliminate Brazil's premium coffee crop, what will happen to the price of the premium coffee.
Leann just sold a $10,000 par value bond for $9,800. The bond interest rate was 4 % per year payable quarterly. Leann owned the bond for 3 years. The 1st interest payment she received was 3 months after she bought the bond. She sold it immediately af..
The opportunity cost of a new public highway is the:
q.the total demand as well as for money is equal to the transactions demand as well as plus the asset demand as well as
A pure monopolist sells output for $4.00 per unit at the current level of production. At this level of output, the marginal cost is $3.00, average variable costs are $3.75, and average total costs are $4.25. The marginal revenue is $3.00. What is the..
Define the equilibrium of a market. Describe the forces which move a marketplace toward its equilibrium.
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