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Problem: While researching the industry she is interested in, Fernanda sees that the average unemployment rate is 5.7%. How many people, out of every 425, are unemployed?
What is the probability that more than 10 parts will be defective? Answer to at least four decimal places.
Some have argued that higher cigarette prices do not deter smoking. While there are many arguments both for and against this view, some find the following.
The income velocity of money and the implications for long run monetary policy.
Do workers choose to work more because wages are temporarily high and do workers choose to work less because wages are temporarily low?
Alice always maximizes her utility subject to her budget constraint. Suppose we observe her choices at two different points in time, before a price change and after the price change.
What do economists mean by "diminishing returns" to an input? What causes diminishing returns? West Los Angeles College.
The essay should analyse an important and interesting economic issue using concept(s) from behavioural economics
Your boss decides to pair workers in teams and offer bonuses to the most productive team. Why might your boss offer team bonuses instead of individual bonuses?
A purely competitive firm finds that the market price for its product is $30. It has a fixed cost of $100 and a variable cost of $10 per unit for the first 50 units and then $25 per unit for all succcessive units. Does price exceed average variabl..
What counts as GDP (I)? GDP rises by the $5,000 amount of your tuition payment. This is the purchase of a service (education) that is produced this semester.
Suppose the marginal utility of good a is 4 times that of good b but the price of good a is 2 times that of good b, is this point consumer equilibrium?.
IAS 106 Intermediate Microeconomics Problems - Calculate the amount of social loss that society would bear as a result of ignoring this externality
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