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Q1. Suppose the number of employed people in an economy is 121,166,640. the unemployment rate in this economy is 10.4 percent, and the labor force participation rate is 72.5 percent.
a. what is the size of the labor force?
b. how many people are unemployed?
c. what is the size of the working-age population?
Q2. Suppose the European Union (EU) is investigating a proposed merger between two of the largest distillers of premium Scotch liquor. Based on some economists' definition of the relevant market, the two firms proposing to merge enjoyed a combined market share of about two-thirds, while another firm essentially controlled the remaining share of the market. Additionally, suppose that the (wholesale) market elasticity of demand for Scotch liquor is -1.6 and that it costs $14.80 to produce and distribute each liter of Scotch.
Delineate which market participants you believe benefited from the final court decision and whose interests were harmed.
Illustrate what will be the new equilibrium price, if the government puts a 15 cent per tax on the candy.
Ilustrate what is the marginal propensity to consume (MPC).
The 2 firms form a cartel & arrange to split total industry profits equally. Under this cartel arrangement, they will maximize joint profits.
Estimate aggregate consumer and producer surplus before quota. Estimate new consumer and producer surplus after quota.
Illustrate what is level of utility the person will attain on a daily basis. Illustrate what will be the average level of utility attained per day during the year.
Some say which we should propose an amendment to the U.S. Constitution which would need a balancing the federal budget
Elucidate each event whether it changes short-run aggregate supply, long-run aggregate supply, aggregate demand, or some combination of them.
What do you think the sign and magnitude of the Cross-Price Elasticity of Demand would be between premium juices and soda.
This assignment provides an opportunity for you to consider the meaning and operation of internal control by reflecting on the design, implementation and effectiveness of internal control plans in a business process.
Compare and contrast your chosen websites: which website is more likely to be successful than the other, and why and How well does the website personalise the experience for users?
Histories of the following MNEs/industries, from their beginings to the present day, such Fedex, Amazon, NYSE (New York Stock Exchange), Pharamaceutical Industry, General Electiric, Lenovo. Compare and contrast the history of at least two of these..
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