Assume 500 people were surveyed and of those 500 450 were

Assignment Help Microeconomics
Reference no: EM13389826

Suppose 500 people were surveyed, and of those 500, 450 were working full time. Of the 50 not working, 10 were full-time college students, 18 were retired, 5 were under 16 years of age, 7 had stopped looking for work because they believed there were no jobs for them, and 10 were actively looking for work.

a. How many of the 500 surveyed are in the labor force?

b. What is the unemployment rate among the 500 surveyed people?

Reference no: EM13389826

Questions Cloud

Compute the bulleted points below and assume ordering costs : you are the logistics manager for an electronics manufacturer hqd in the united states. a new upper management has come
Differentiate between the micro and macro views of : 1. distinguish between the micro and macro views of marketing. then explain how they are interrelated if they are.2.
Respond to the following ethical issue concerning the : respond to the following ethical issue concerning the reclassification of receivables in your initial post moss exports
The view of top management regarding what an organization : 1 a mission statement often containsa.an organizations visionb.an organizations strengths and weaknessesc.an
Assume 500 people were surveyed and of those 500 450 were : suppose 500 people were surveyed and of those 500 450 were working full time. of the 50 not working 10 were full-time
With regards to the value chain an organization can make a : i with regards to the value chain an organization can develop a competitive advantagea.in any of the primary or support
In each of the following independent situations involving : in each of the following independent situations involving transfers of tangible property determine which transfer
Find the growth rate of constant-dollar real gdp using year : year 1 year 2quantity price quantity priceoranges 100 5 150 5pears 100 3 75 4a. what is the growth rate of
I which ratio measures a firms leverage adebt-to-equity : i which ratio measures a firms leverage?a.debt-to-equityb.current c.return-on-assets d.asset

Reviews

Write a Review

Microeconomics Questions & Answers

  Explain whether the move will accomplish the govts goal

The local government of singapore is concerned about increasing rental costs for residents, and decides to impose a ceilong price on the maximum rents that can be charged by landlords on apatments and houses.

  Will deception be used in order to obtain agreement

In cases in which the human subject is dissatisfied or a complaint about the researcher or Yes No procedure, will the researcher explain to the human subject that he or she may express this complaint to the Subject Coordinator?

  Provide at least two reasons to support your argument

Name the circumstances which indicate an oligopolistic market structure and discuss a real life example of such a market structure. What are the most significant differences between oligopolistic and perfect competition from the consumer's point o..

  Please answer all 3 questions using apa 6th edition format

please answer all 3 questions using apa 6th edition format style site any paraphrasing or quotes that are used in the

  How air conditioner market affected by unusually hot summer

Describe how the market for Alaskan king crab will be affected if, at the same time that medical reports confirm that suspected health benefits from consumption of Alaskan king crab meat, wages are increased for trawler men

  Estimate the linear demand equation

Estimate the linear demand equation

  Incentive compensation for police

Societies are frequently concerned about whether police are vigilant in carrying out their responsibilities. Many societies have experimented with incentive compensation for police.

  Find which monetary regimes is least likely to succeed

If this country wants to reduce its inflation rate, state which of the following monetary regimes is least likely to succeed: exchange rate target, money supply target, nominal interest rate policy. Which approach is most likely to succeed

  If the goal of the transit authority was to maximize total

If the goal of the transit authority was to maximize total revenues, what is the new price it should set? Also, what would the total revenue raised in this new price scheme?

  Explain how and why firms practice 3rd degree price

Explain how and why firms practice 3rd degree price discrimination. Use the handout to illustrate your answer (coupons; airlines, mobile phones).

  What are the tr and mr for each acre

The first acre can produce 1000 bushels of wheat, the second acre 900, the third 800, and so on. How much revenue will each acre generate? what are the TR and MR for each acre?

  Define verage hourly wage,output and annual overhead cost

An American Company that sells consumer electronics products has manufacturing facilities in Mexico, Taiwan, and Canada. The average hourly wage, output, and annual overhead cost for each sit.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd