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Define unemployment. Should everyone who does not hold a job be considered "unemployed"? To help with your answer, draw a supply and demand diagram depicting the labor market. What is measured along the demand curve? What factors determine the quantity of labor demanded during a given period? What is measured along the labor supply curve? What factors determine the quantity of labor supplied by households duringa given period? What is the opportunity cost of holding a job?
Elucidate the organization/industry reduce production or shutdown their operations? Explain your reasoning.
Keynes describws that the level of output and employment in the economy was determined by aggregate demand or effective demand.
Solve for the price and quantity that the monopolist would choose to maximize its profit under the more advanced technology. And also calculate the resulting profit.
Explain why marginal product first rises, then declines, and ultimately becomes negative. What bearing does the law of diminishing returns have on short-run costs? Be specific.
Explain why does competition among traders affect how much of the gains to trade are given to the countries involved in the trade.
Describe the major barriers to entry into a industry. Explain ow each barrier can foster monopoly or oligopoly.
The rates of server for performance monitoring were officially defined for 2008 also represents a reduction
Elucidate that the indirect utility fuction of quasi convex function of prices and income
Wednesday the price changed to 1.8275. Compute your profit-loss in USD on Tuesday and Wednesday.
GDP only raise by three quarters of the expected amount. Illustrate what factors might be responsible for this situation.
Explain how the locations of each of the four curves graphed in question 7b would be altered if (1) total fixed cost had been $100 rather than $60, and (2) total variable cost had been $10 less at each level of output.
Derive the book supply curve where price is expressed as a function of output. Calculate the equilibrium level of output and local bookstore sales revenue.
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