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Ellen is downloading labor marke data for the most recentmonth, but her connection is slow and so far this is all she hasbeen able to get:UnemploymentRate: 5.0%ParticipationRate: 62.5%Not in the labor force: 60millionFind:Labor ForceWorking-age populationnumber of employed workersnumber of unemployed workers
An engineering freshman wants to purchase a laptop computer for use during the 4 ½ years that she plans to study engineering at Texas Tech.Assume that maintenance and supplies will cost $100 each six months . Use an interest rate of 12% per year wi..
Suppose it is known that 10% of people who play poker machines have a gambling problem. Suppose it is also known that 20% of the population play poker machines and 5% of the population have a gambling problem.
Consider two firms X and Y produce identically tasting cold drinks. In order to increase the demand for its cold drink, firm X increases its advertisement outlay. However the advertising doesn't increase its demand in the long run.
Suppose the market for cotton is perfectly competitive. A representative firm's short-run marginal cost is given by SRMC=5+Q, while their minimum average variable cost is $7. If the market price of cottion is $20 per unit, how much should the firm..
Suppose the consumtion function is ( C = $500 billion + 0.9Y) and the government wants to stimulate the economy. By how much will the aggregate demand at current prices shift intially (before multiplier effects) with A 50 billion dollar tax cut
CH 12 (10%) Suppose that a monopoly faces inverse market demand function as P = 70?2Q, and its marginal cost function is MC = 40 - Q. Please answer the following two questions: a. What should be the monopoly's profit-maximizing output
You are given the following information on the bond market: Money available on January 1, 2004: one thousand dollar interest rates on January 1, 2004, on bonds of different maturities: 1 year, 4%; 2 year, 5%; 3 year, 5.5%; 4 year, 6%
Does the spending of a private university get factored into GDP What about the spending of a public university If GDP = C + I + G + NX, which variable (if any) would private/public university spending be a part of
Use a Keynesian 45-degree diagram to show the effect of an increase in government spending and how could a reduction in tax rates increase government's tax receipts?
A bulldozer can be purchased for $380,000 and used for 6 years, when its salvage value is 15% of the first cost. Alternatively, it can be leased for $60,000 a year. Remember that lease payments occur at the start of the year.
An individual is considering two investment projects. Project A will return a zero profit if conditions are poor, a profit of $4 if conditions are good, and a profit of $8 if conditions are excellent. Project B will return a profit of $2 if condi..
Each firm knows that the other firm will cooperate as long as they have not been cheated. Once cheated, each firm will not cooperate ever again. You are firm 1. Your discount rate is 0.3. Compare the present value of cooperating to the present val..
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