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Q. The following is a report from a not-very-efficient BLS survey taker: "There were 90 people in the houses I visited. Twenty of them were children which is under the age of 16, 25 people had full-time jobs, and 10 had part-time jobs. As 10 retirees, 5 full-time homemakers, 9 full-time students over age 16, and 3 people who were disabled and cannot work. Remaining group did not have jobs, except all said they would like one. 5 of this group had not looked actively for work for 3 months, however." Find the labor force, the working-age population, the number of employed workers, and the number of unemployed workers.
Find the equilibrium values of the real interest rate, consumption, investment, and the price level.
Using production theory, explain illustrate what will take place to the capital- labor ratio in both the short-run also the long run.
Suppose the quantity of good X demanded by individual 1 is given by X1 = 10 ?? 2PX + 0:01I1 + 0:4PY and the quantity of X demanded by individual 2 is X2 = 5 ?? PX + 0:02I2 + 0:2PY a) What is the market demand function for total X (= X1+X2) as a fun..
Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
Youngstown sold most of its output in the Midwest. Was this fact relevant.
q.what are the informing factors of global interdependence including the economic factors political dynamics and
Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
Elucidate how a firm's production function is related to its marginal product of labor, how a firm's marginal product of labor is related to the value of its marginal product.
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?
List several ways that people and businesses in the green movement are participating.
Two identical company's save money from polluting. A company's marginal savings from emitting an amount are given by 10 - 2e. The two firms differ in their impact on ambient pollution concentrations.
Throughout the 1970s and 1980s, genetic engineering increased crop yields in the United States. "General Motors said Monday that it will close 14 plants, including seven in Michigan, as part of its restructuring in bankruptcy."
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