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Consider the following labour market data.
Adult Population 150
Not in Labour Force 50
Unemployed 30
Calculate the number of employed, the labour force, the percentage of people not in the labour force, the rate of unemployment, and the labour force participation rate.
Assume that a monopoly has a linear demand curve. If it is charging the profit maximizing price, will the demand for its product at that price be elastic or inelastic? Explain fully. Calculate the profit-maximizing price and quantity of manuals.
How does a supply or demand curve help us understand the behaviors and decisions of consumers and businesses?
Can you identify the consequences of a strong dollar or a weak dollar in the United States? Which direction do you prefer for the overall health of the American economy? Should the U.S. take measure to ensure that the dollar retains its dominant role..
Utility is a satisfaction that an individual derives from consuming or using a specific good or service. Total utility indicates the total amount of satisfaction or pleasure an individual derives from consuming some specific quantity of a good or ser..
Explain the difference between value creators, value harvesters, and value destroyers. What values and behaviors characterize companies in each category?
What is the highest cost of migration that a worker is willing to incur and still make the move
Widgets are provided by a competitive constant-cost industry where each firm has fixed costs of $30. The following chart shows the industry-wide demand curve and the marginal cost curve of a typical firm:
What are some examples of the financial crisis in Greece and the potential market problems because China's economy is fuelled by construction of cities that remain un occupied. We need to discern the financial condition of the world and look at dolla..
Which assumptions are necessary in order to construct a PPC?
Which factors of globalization is involving quality. How might globalization involve your product or service also organization as it tries to achieve quality.
Assume that initial GDP is $1,000 and we want to expand it to $1,600. Average MPC for the country is 2/3. What should be the new level of government spending if the initial level is $100. Also how much of a tax policy change reach to the same results..
Depict this data with a Pareto chart. Also depict cumulative complaint line. What percent of total complaints can be attributed to most prevalent complaint.
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