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With a specific factor model with two countries, H and F, the two countries show identical total products as below:
Number of Labor employed 0 1 2 3 4 5 6 7 8 9 10 11Total Product 0 20 39 57 74 90 105 119 132 144 155 165
Assuming no unemployment, answer the followings:
a. Draw the real labor demand curve for each country.b. Suppose that there are 11 workers employed in H, but only 5 workers employed in F. What are the level of employment and real wage rate for each country with the free labor movement? c. Find the possible labor migration between the two countries.
She put her savings into mutual fund that paid a nominal interest rate of 7 percent a year. CPI was 165 at beginning of year and 177 at end of year. Illustrate what was real interest rate that Sally earned.
The interest earned is deposited back into the sacinvgs account each month. How much is this account worth 28 years? Answer to the nearest dollar.
The set-up cost per lot is estimated to be $40, and the manufacturing cost has been established at $5.20 per unit. Interest, insurance, taxes, space, and other holding costs are $3.10 per unit per year. Calculate the economic manufacturing quantit..
EXplain how does a decrease in foreign price levels affect domestic aggregate expenditures and demand.
Subsequently the customer paid the balance on 22 October 2012. To customer the Credit terms offered.
The regression results are presented on the next page. Based on this information, which proposal would you favor.
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
Discuss what will happen in this market as it moves to a new equilibrium. If a hard breeze eliminates Brazil's premium coffee corp, what will happen to the price of premium coffee.
If the cost for the first semiannual period is expected to be $85, what is the present worth of the costs for a 4-year time period at an intrest rate of 1% per month?
Compute the MRS of other goods for airline miles; i.e., the MRS that represents the slope of the indifference curves when x1 is on the horizontal and x2 is on the vertical axis.
Explicate the difference between balanced growth strategy and unbalanced growth strategy.
Calculate the percentage change in nominal GDP, real GDP and the GDP deflator in 2009 and 2010 from the preceding year. For each year, identify the variable that does not change. Explain in words why your answer makes sense.
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