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Suppose that the adult population is 4 million, the number of unemployed is 0.25 million, and the labor-force participation rate is 75%. Illustrate what is the unemployment rate? Karen sharpens knives in her spare time for extra income. Buyers of her service are willing to pay $2.50 per knife for as many knives as Karen is willing to sharpen. On a particular day, she is willing to sharpen the first knife for $1.75, the second knife for $2.25, the third knife for $2.75, and the fourth knife for $3.25. Assume Karen is rational in deciding how many knives to sharpen. Her producer surplus is
1. $1.75.
2. $0.50.
3. $0.25.
4. $1.00.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
Explicate 2 important indicators the Federal Reserve System will use to analyze this particular economic situation.
Which fiscal balance is likely to be influenced and Explain how by treating human capital investments the same as physical capital investments.
Compute the regular expenditure multiplier also the net tax multiplier if the level of consumption increases from $80,000 to $92,000 as a result of change in income from $120,000 to $140,000.
determine intellectual analysis and incisive. Write down a brief essay of about one page on the impact of labor migration.
One point made is that most demand curves are downward sloping. Can you think of any situation where an individual's demand curve for a product is upward sloping.
The Immediate lyric Division accused Microsoft of forcing consumers to buy Internet Explorer whenever they bought Windows
You find out which your aunt works for a defense manufacturing company which has several defense contracts with the government.
Marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the Robinson Crusoe model.
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
The government wants to increase real GDP demanded to $15 trillion at the given price level
Illustrate why are second hand goods not included in the value of national income.
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