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The churnThe Bureau of Labor Statistics presents a forecast of occu- pations with the largest job decline and the largest job growth. Examine the tables at www.bls.gov/emp/emptab4.htm (for the largest job decline) and www.bls.gov/emp/emptab3.htm (for the largest job growth).
a. Which occupations in decline can be linked to technological change? Which can be linked to foreign competition?
b. Which occupations that are forecast to grow can be linked to technological change? Which can be linked to demographic change-in particular, the aging of the U.S. population?
Summarize the article using at least three economic terms and theories covered in class - Identify the impact of the policy on demand or supply of the good(s) or service(s). Discuss the change(s).
Where P is the product price and Q is the output level A. Given we have a monopoly due to a patent, determine the profit maximizing output level, the monopoly price, and economic profits. Solve and show graphically.
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
Pick a good or service and illustrate its market with supply and demand curves. Explain what each curve represents and tell what (specifically) would shift each of the curves.
supposed that firms only variable input is labor when 50 workers are used the average product of labor is 50 and
two hazardous environment facilities are being evaluated with the projected life of each facility being 10 years. the
Describe the economic outcome of this single-price monopoly in terms of profit. Provide one supporting fact to support your response.
A firm produces 4,000 units of output using 500 workers. Marginal cost is $10, the wage rate is $160, and total fixed cost is $100,000. What is the marginal product of labor?
suppose disneyland is considering how to price entry into their theme park. theyve decided that in addition to charging
What do you expect to happen in the long run?
According to a Honda press release on October 23, 2006, sales of the fuel-efficient four-cylinder Honda Civic rose by 7.1% from 2005 to 2006. Over the same period, according to data from the U.S
explain two possible challenges you might face when applying for this funding. Finally, provide one strategy for how you might overcome each challenge.
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