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Using date from the Current Population Survey, the U.S. Bureau of labor Statistics recently announced that the U.S. November unemployment rate was 5.8 percent, the Northwest Arkansas metro area November unemployment rate was 3.9 percent, and that U.S. non-farm employment increased by 321,000 jobs in November. Is this statement true, false, or uncertain? Carefully explain your answer.
The market demand for a rare mineral is Q = 1,300 – 10P and the market supply is Q = 6P. Suppose the government imposes a tax of $4 per pound on the consumer. How does your tax incidence analysis change in the face of the $4 per pound tax ? How does..
Consider and discuss how managed care has affected supply and demand within the health care market, from the viewpoint of patients and health care organizations.
An engineer estimates that the annual toll revenue from a newly proposed highway construction over 20 years will increase at a rate of 4%. The revenue for the first year is $2,000,000. What is the present value of the toll revenue if the state can ea..
Why is currency exchange stability an important goal of the Saudi Ministry of Commerce and Industry. What are the advantages of currency exchange stability for Saudi Arabia? Explain with examples. What are the disadvantages of currency exchange sta..
q1. sallys firm produces granola bars with a fixed cost of 10 this cost is already sunk. her variable cost function is
Why would a US company choose to export a product to India rather than license India the right to produce the product locally
If Romaine lettuce and Iceberg lettuce are substitute products, an increase in the price of Romaine lettuce will ______ the demand for Iceberg lettuce. A. shift inward B. shift outward C. either increase or decrease (depending on whether lettuce is a..
Over the long haul we want a good growth rate. At any single point in time, or period like a year, we want a stable economy that achieves the following: We want to be at full employment. How do we know if we’ve achieved this? We want prices to be sta..
A monopoly is considering selling several units of a homogeneous product as a single package. A typical consumer’s demand for the product is Qd = 80 – .5P, and the marginal cost of production is $100. a. Determine the optimal number of units to put i..
This means “to let the decision stand” and is used by courts to make consistent judgments.
Consider the intertemporal production economy of Chapter 11. Suppose that there is a shift in the representative consumer’s preferences. Namely, the consumer prefers, given the market real interest rate, to consume less current leisure and more curre..
Can most providers be classified strictly as price setters or price takers? What would happen financially to a healthcare organization over time if its prices were set at either full costs or marginal costs?
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