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Assume the total population is 180 million and there are 1 million discouraged workers, 9 million unemployed workers, 20 million part-time workers and 121 million workers employed full time. The unemployment rate is: 5 percent 6 percent 6.4 percent 7.4 percent
(Karloff) Consider the following market for used cars. There are many sellers of used cars. Each seller has exactly one used car to sell and is characterized by the quality of the used car he wishes to sell. Let θ ∈ [0, 1] index the quality of a used..
Your dental clinic provides 3,000 exams for private pay patients and 1,000 exams for members of a union. Your fixed costs are $50,000 and your incremental cost is $40. Private pay patients have a price elasticity of demand of -3. What do you charge t..
Using AD/AS analysis shows graphically the difference in how an economy initially in general equilibrium would respond to a negative AD shock due to central-bank action (i.e. a change in inflation target) assuming (i) adaptive expectations or (ii) a ..
Calculate scale elasticity at the mean of the data; In order to reduce unit cost would you recommend an increase or a decrease in total production? Why?
Some people are saying which majority of the budget deficit are funds which some branches of the government owe to other branches.
Effects of the financial crisis on selected countries - Leitfaden zum Anfertigen der wissenschaftlichen Arbeiten Bachelor Thesis,
Using a demand/supply diagram, illustrate and explain the effects of the imposition of an export tax on a good Y by a home country’s government on (i) the home country’s consumers of Y, (ii) the home country’s producers of Y, and (iii) the home gover..
Compare the unemployment rate in the state of New Jersey to the national average of the past four years. Compare the trends in relation to the types of unemployed workers in the state of New Jersey. Compare the trends in relation to the types of unem..
Professional sports players are generally paid much more than farmers, factory workers, engineers also teachers.
What price-output combination would exist with efficient pricing (MC = P)? Draw a graph with MC, Demand curve and MR curves for the problem above.
Elucidate what does either player have a dominant strategy. Explain is there Nash equilibrium in this game.
If an economist refers to a ‘lemons market,' what should you infer. A. She is referring to a market for fruit. B. She is referring to any market with asymmetric or hidden information.
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