Aggregate labor market for bampb professionalsyafklfor 1

Assignment Help Econometrics
Reference no: EM13378159

Aggregate labor market for B&B professionals

(y=Af(K,L))

For 1 & 2 find equilibrium wage, equilibrium Nd, Equilibrium Ns

1. MPN = 200,000 - 5Nd

-5000 + 0.8w = Ns

2. MPN = 200,000 - 5Nd

Ns' = 5,000 + 0.8w

3. Explain a possible cause for the change in Ns

4. Estimate the elasticity of demand for B&B professionals in the macroeconomy (calculation and explanation)

5. Graph the two equilibrium conditions 2 X-intercept for Ns; Y-intercept and X-intercept for Nd

Reference no: EM13378159

Questions Cloud

Using the following national income accounting data compute : using the following national income accounting data compute a gdp b ndp and c ni. all figures are in billions.category
If a person borrows 1245537 and agrees to pay it back in 60 : if a person borrows 12455.37 and agrees to pay it back in 60 monthly installments of 550.55 determinea effective
In a population y100 and y43 use the central limit theorem : in a population y100 and y43. use the central limit theorem to answer the following questionsa. in a random sample of
Western flyers received its bank statement for the month of : western flyers received its bank statement for the month of july with an ending balance of 11065.00. western flyers
Aggregate labor market for bampb professionalsyafklfor 1 : aggregate labor market for bampb professionalsyafklfor 1 amp 2 find equilibrium wage equilibrium nd equilibrium ns1.
The production department has been investigating possible : the production department has been investigating possible ways to trim total production costs. one possibility
Set out below are the sales and net profits of a business : set out below are the sales and net profits of a business for two years 2010 and 2011nbsp2010pound2011poundsales
A plot crowding out for the following situations on a graph : a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
On january 1 abc corporation a us based manufacturer buys : on january 1 abc corporation a u.s. based manufacturer buys 10 million yen worth of inventory from sa corporation a

Reviews

Write a Review

Econometrics Questions & Answers

  Determine the market equilibrium price-outout combinaton

office building maintenance plans call for the stripping, waxing and buffing of cereamic floor tiles. this work is contracted out to maintenance firms and both technology and labor requirements are very basic. qs=2p-20 and qd=80=2p algebraically

  Concepts of price elasticities

Groupon is a popular group purchasing and daily deals website. In a current promotion, a local restaurant to sold buffet vouchers at a step discount on Groupon's website.

  What two bids should bidders optimally submit

Assume that impediments to collusion are minimal, in the following sense. All bidders involved in a bidding ring can costlessly determine each other's valuations. Furthermore, the ring has no problem making (and enforcing) agreements

  Calculate tonys average cost curves atc and afc

Tony owns a fancy Italian restaurant, Tony's Trattoria. He uses only the finest ingredients and hires the best chefs in the country. Suppose Tony's total cost function is given by the following relationship: TC =100 +10Q +Q^2 , where Q is the numb..

  Determine fixed costs equal value of the last three digits

Given the above variable cost data and assuming fixed costs equal the value of the last three digits of your MDC student ID, create a file using Excel that lists Output, Fixed Cost, Variable Cost, Total Cost, Average Fixed Cost, Average Variable C..

  How much consumer surplus decreased from the previous week

(A)if the price of a serving pasta is $4,how many servings will Mr.A buy How much consumer surplus he receive (B)The following week,he come back and the price of a serving pasta is $6,How much consumer surplus decreased from the previous week

  Describe standard normal distribution

Define a variable Z that is a function of the sample average ? and follows a standard normal distribution. What is the probability that ? will be in the interval [1, 3] What is the probability that ? will be in the interval [-1, 1] What is the probab..

  What is the profit maximizing level of advertising

a. What is the contribution to profits from increasing advertising sales by $1 if Smith Corp. is currently spending between $500,000 and $600,000 on advertising b. What is the profit maximizing level of advertising

  By how much has the money supply increased

Prepare a two- to three-page analysis by answering the questions below. Be sure to cite your references using APA format. Assume that the Bank of Ecoville has the following balance sheet and the Fed has a 10% reserve requirement in place: BALANCE SHE..

  Calculate the p-value for the estimate of slope

Consider a model of the influence of the average number of cigarettes the mother smoked per day during pregnancy on infant birth weight. The following simple regression model was estimated with data on n = 1388 births.

  What level of govt purchases is needed to achieve profit

In the Keynesian cross, assume that the consumption function is given by: C=200+0.75 (Y-T). PLanned investment is 100, government purchases and taxes are both 100. a. Graph planned expenditure as a fraction of income. b. What is the equilibrium lev..

  Explain relationship between mc-avc and atc curve

Output variable: 1 2 3 4 5 6 7 8 9 Costs: $35 75 110 140 175 215 260 315 390 a) Show AFC, ATC, AVC and MC in a table b) GRaph th AFC, ATC, AVC and MC curves. Say fixed costs dropped to $50. Which curves shifted.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd