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Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. Illustrate what is the unemployment rate? Karen sharpens knives in her spare time for extra income. Buyers of her service are willing to pay $2.50 per knife for as many knives as Karen is willing to sharpen. On a particular day, she is willing to sharpen the first knife for $1.75, the second knife for $2.25, the third knife for $2.75, and the fourth knife for $3.25. Assume Karen is rational in deciding how many knives to sharpen. Her producer surplus is
1. $1.75.
2. $0.50.
3. $0.25.
4. $1.00.
Find out the net demand curve facing firm A. Describe A's optimal price and output. Explain how much output do the other firms supply in total.
Briefly discuss the impact of rational self-interest on each of the following decisions. Whether to attend college full time or enter the workforce full time.
illustrate what fee customers were willing to pay for expedited payments, the bank conducted a survey. It was able to determine that many of the people surveyed already paid fees for expedited payment services.
Under monopoly, still with the price PW which is again label triangle of consumer surplus and the triangle of producer surplus.
Assume to two firms in an industry with an index of 5,000 announce a merger. The U.S. Justice Department concludes the merger will boost the index to 5,500. The antitrust authorities will most likely.
They found that getting larger was painful it involved a lot of new administrative infrastructure to get everything organized
The Performance by Patrice (PbP) Company purchased a Centaur Computer controlled manufacturing milling machine for $635,000 for use in its rear end manufacturing operations on November 8, 2007.
The Honolulu tourism commission currently proposed a 7% tax on hotel rooms to pay for an outdoor amphitheater.
illustrate what would you estimate the difference between the inflation rates of the U.S. also Japan.
What is the relationship between marginal cost and marginal revenue when single-price monopoly maximize profit.
Suppose a politician promises a program that will give Amanda and Britney 70 units of utility for each.
If the nominal interest rate in Japan remains unchanged, what happens to the interest rate paid on Korean deposits.
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