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Go to https://research.stlouisfed.org/fred2and click on "Employment & Population," then select "Establishment Survey Data." Choose "USINFO," title "All Employees: Information Services." Using the provided graphing possibilities, take a look at the evolution of the number of employees for the information services industries during the last two decades. What event can be used to explain the increase in the employment of information technology workers during the 1990s? What about the decrease in employment during the 2000s?
Determine why Apple continues to source its production from overseas firms such as Foxconn? In your answer, consider what advantages and/or disadvantages this generates for the firm
the marginal product of labor measured in units of output for a certain firm is given by mpn 309 - 2n. n is the
Luxembourg imports a good at a world price of $10 each. The domestic supply curve is S = 50 +5P where P is in Ecu and 1 Ecu = $1. Demand curve is D=400-10P. Draw demand and supply curves for this good and indicate how much it is imported
Demand and cost curves: QD = 1000 - 2P, TC = 5,000 + 50Q. What is the profit maximizing QD & P? What is the resulting profit
There are six companies in the industry. Assume their sales in the year 2006 are as follows, Determine the concentration ratio in the industry
Now suppose the firm has the chance to buy an unlimited number of engines from another company at a price of $1,400 per engine. Will this option affect the number of cycles it plans to produce Its price Will the firm continue to produce engines ..
Consider the market for cigarettes in New York City and Los Angeles. Suppose the daily demand for cigarettes in NYC is given as Qd=1000-100P, and the demand in LA is Qd=900-200P. The market supply for the two markets is the same: Qs=100+200P.
Calculate the marginal propensity to consume after the change in the rate of savings for the following situation. 20 years ago the average savings rate was 20 percent of disposableincome. It is predicted that this would drop to 5 percent in lesstha..
To block entry, the incumbent appeals to the government to require that the entrant incur extra costs. What happens to the Cournot equilibrium if the legal requirement causes the marginal cost of the second firm to rise to that of the first firm
the purchaser of the metal pipe will only accept deliveries of pipe where the diameters fall in the range of 1" +/- 0.0030". Using Chebyshev's Theorem, what is the minimum percentage of acceptable metal pipe in a given shipment. (K must be in "st..
Market supply of labor The following table shows the hours per week supplied to a particular market by three individuals at various wage rates. Calculate the total hours per week (QT) supplied to the market. Hourly Wage Hours per week
The following table shows part of the demand function for tickets to an outdoor summer concert by a popular singing group: Price (P)...Quantity (Q) 50........... 100 35.......... 180 20............300 10............500
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