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Consider an economy that initially has a labor force of 2000workers. Of these workers, 1900 are employed and each works 40hours per week. Ten units of output are produced by each hour oflabor.
(a) What is the total number of hours worked per week in theeconomy? What is the total output per week in the economy? What isthe labor productivity per hour? What is the labor productivity perworker in a week? What is the unemployment rate?
(b) The economy enters a recession. Employment falls by 4% and thenumber of hours per week worked by each employed worker falls by2.5%. In addition 0.2% of the labor force becomes discouraged atthe prospect of finding a job and leaves the labor force. Finally,suppose that whenever total hours fall by 1%, total output falls by1.4%. During the recession, what is the size of the labor force?How many workers are unemployed and what is the unemployment rate?What is the total output per week in the economy? What is the laborproductivity per hour? What is the labor productivity per worker ina week?
The anticipated cash dividends for Delta Electronics over the next four years are as follows: $8 in 2013, $9 in 2014, $10 in 2015, and $11 in 2016. In 2012, John is interested in buying some shares of this stock for a total of $100 and will hold t..
You got a loan for $1,000,000. It is a 30 year loan, but you are going to pay it off in 15 years. The APR is 8% and you make annual payments off $88,827,43. The Salvage value at year 15 is $300,000. What is the payoff amount
A car dealer leases a small computer with software for $5000 per year. As an alternative he could buy the computer for $7000 and lease the software for $3500 per year. Anytime he would decide to switch to some other computer system
The Licorice industry is competitive. Each firm produces 2 million strings of licorice per year. The strings have an average total cost of .20 cents each and they sell for .30 cents.
Each firm in a competitive market has a cost function of \(C=q+q^{2}+q^{3}\) The market demand function is Q = 24 - p. Determine the long run equilibrium price, quantity per firm, market quantity, and number of firms.
If AD goes up by 40, since the multiplier is 5, GDP will rise by 200. But WHAT in GDP will rise. I see that I will rise by 40 (because MPI=0.2) and C will rise by 120 (because MPC=0.6). But 40 + 120 only reaches 160 and GDP is supposed to rise by ..
Online Tutors offers monthly access to students for either or both math or science tutors. A market study found that the served by Online Tutors can be divided into two types of students: students needing help with math
.determine the amount of slack or surplus for each constraint (dont worry about this problem it has been emitted from the homework but if you can help me to understand this I would greatly apprecaite it) suppose the objective function is changed to..
if you borrow $5000 and agree to repay the loan in five equal annual payments at an interest rate of 11%. what will be the annual payment be what if you make the first payment on the loan at the end of second year
Two firms control the entire market for gasoline. They both have identical marginal costs of $1/gallon. The inverse demand for a gallon of gasoline is given by P(G)=10-1.5G. Now the firm's agree to collude, but Firm A is a bastard, and after agree..
a competitive firm can sell all of its output for the market price of $5. its short run cost function is TC= 1000 + Q + 0.005Q2. this cost function has marginal cost given by MC= 1 + 0.01Q.
Suppose the government imposes new regulations that force tire manufacturers to adopt cleaner production methods that raise the production cost by $10 per tire. WILL THE NEW REGULATIONS RAISE THE PRICE OF TIRES CAREFULLY EXPLAIN WHY OR WHY NOT.
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