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Ramifications of unemployment
Some people believe that 0% unemployment, where everyone who wants a job, has a job and 0% inflation, where prices remain the same year after year, are ideal policy targets for the U.S. economy. Would you recommend a policy target of 0% unemployment and 0% inflation? What implications would these policies have on the economy and specifically your personal and professional life?
What would be the effects on employment and unemployment given the actions taken by the Fed.
Use the following Information on a hypothetical short-run production function to answer questions a-c. Calculate the marginal and average variable product of each unit of labour input.
Would you rather earn a 4 % nomical or 4% real interest rate? Illustrate by describing the difference between nominal and real variables.
Different races now or likely to be in workforce of the future depends on the US populations racial demographic changes.
A firm is using 20 units of labour and 30 units of capital to produce 4,000 units of output. At this combination the marginal product of labour is 50 and the marginal product of capital is 40.
Assume the Disney Company was experiencing above normal benefits. What would you predict would happen over time
You are told to produce a quantity that maximizes profit. How many units do you produce and what is your profit? How many machine and labour hours are used in production?
Compute the monopoly equilibrium. Compute the consumer surplus. Assume this firm practices two-parts tariffs, Compute the optimal output.
Discuss how the requirement of a goods and the availability of substitutions impact price elasticity.
Illustrate the difference among the law of diminishing marginal returns and the law of diminishing marginal rate of technical substitution.
The president of a small industry has been complaining to his controller about rising labor and material costs.
Examination of the company for which you are currently working (or a company with which you are familiar). Answer the following questions regarding this company.
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