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Table 1:
Year Hours per employed worker Employment to population Working age population
2010 1,000 .50 100
2015 1,200 .60 120
What is the employment Level in year 2010?
What are the aggregate hours worked in the year 2015?
a. Keep the equipment in use, because it cost $20,000 and simply discarding it would greatly reduce the return on that particular investment b. Write off the equipment as a sunk cost and allow for outsourcing since it is cheaper c. Only consider ou..
New technologies, including hydraulic fracturing and horizontal drilling in the US have made it much less expensive to get oil to the market. In addition, there is lower worldwide demand. Show how the markets have responded to these changes.
The gap between average total cost (ATC) and average variable cost (AVC) becomes larger when output increases. Marginal cost curve cuts the lowest point of the average cost curve.
Suppose the Japanese interest rate is I% while the interest rate in Britain is 3%. Interest rate parity predicts that relative to the Japanese Yen,
Should antitrust laws (or other regulatory policies) attempt to eliminate all forms of imperfect competition? Why or why not?
Suppose that the 5 firms in Industry A have annual sales of 25, 25, 20, 20, and 10 percent of total industry sales. For the five firms in Industry B the figures are 50, 15, 15, 10, and 10 percent. Calculate both a 4-firm concentration ratio and the H..
Illustrate what are the new long-run equilibrium values of these three variables.
The trade or business of manufacturing dolls and accessories
Some people argue that intense partisan competition forces each side to be a watchdog for the other, thereby achieving stability and balance. Others argue that this highly partisan environment leads to a paralysis in policymaking and detracts from ta..
Jennifer Creek is saving up for a new car. She wants to finance no more than $10,000 of the $26,000 estimated price in two years. She deposits $5,000 into a savings account now and will make monthly deposits for the next two years. If the savings acc..
Assume that the savings account pays you 6.85 percent compounded monthly.
q1. if the impact of the u.s. imposed on japan voluntary export restraint of passenger cars to the u.s. from 2000000
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