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An economy has 110,000,000 people employed 8,000,000 unemployed, and 4,000,000 discourage workers. The conventional measure of the unemployment rate is what percent?
Explain how can be expected to happen to quantity of labour hired if minimum wage is increased next year. Be sure to explain in words illustrate what is happening on your graphs.
Which of the following market transactions of final goods and services are excluded from the computation of U.S GDP
illustrate what prevented the villagers from reaching this higher-income allocation of resurces when they acted independently
Suppose we randomly poll 500 Americans and ask them whether they believe that the parents are involved. What is the distribution of the sample mean.
Develop hypothetical supply and demand schedules for your good or service. Plot the schedules onto your graph and label the curves with D for demand and S for supply.
Find internal rate of return to nearest whole percentage point. Oak Furnishings is considering a project that has an up-front cost.
Assume that the marginal product of labor is: MP=100-L, L is the number of workers hired. You can sell the product in the marketplace for $50 per unit, the wage rate for labor is $100. How many workers should I hire.
Illustrate what change in the economic enviJorgement led to this new equilibrium.
Elucidate using the example of multiple equilibria in the labour market. Illustrate diagrammatically
Elucidate how much consumer surplus would be created by randomly assigning buyer to sellers. Which method gives the larger surplus.
In a Cournot equilibrium, where both firms produce positive amounts of output, which firm do you expect to produce more. Explain your answer.
The blue line circle symbols is a demand-for-money line and the orange line square symbols is a money supply line.
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