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For each of the following, indicate if the person would be classified as employed, unemployed, or not in the labour force and why: (i) a 65-year-old man who left his job and is now working as a volunteer for 10 hours a week; (ii) a university graduate who has not been able to find a position using her skills and is working as a wait-person for 30 hours a week; and (iii) a manufacturing worker who is out of a job and has given up searching for a job.
Compute the firm's profit from part d. Solve algebraically for the profit maximizing quantity (QM) and price (P M). You should get the same answer as in d.
Suppose that you invested $10,000 dollars using the dollar-cost-averaging approach. Assume that on Feb-1-10, and on Feb-1-11, you purchased $5,000 worth of stock (each year). You then held the shares until they were sold on Feb-1-2014 (assume you rec..
If Total Fixed Costs > 0, then Average Fixed Costs always decrease as output increases. Average Total Costs are always greater than or equal to Average Variable Costs. If Marginal Costs are increasing, Average Cost must also be increasing.
The Pretty Paper Company has joined a cartel of paper producers. Under the rules of the cartel, Pretty Paper will produce 1,500 packs of paper and sell them for $5 a pack. The members of the cartel watch each other to see if anyone is cheating. Expla..
Please graph the Business Case and discuss how the components are related to an effective diversity initiative in an organization. Also, please graph and discuss the relationship between diversity, ethics and organizational performance, as reflected ..
"The observation of rising interest rates should always be interpreted as an indicator of economic decline while falling interest rates should always be interpreted as a an indicator of economic expansion." In preparing your comments bear in mind tha..
U.S. policy to increase the miles per gallon (mpg) of new cars is to mandate an average mpg for cars sold by U.S. manufacturers. In many countries within the European Union, the policy is to tax gasoline so that the price per gallon at the pump is st..
Mortgages increase the risk faced by homeowners. Explain how. The mortgage is leverage for the homeowner, and leverage increase risk. What happens to the homeowner’s risk as the down payment on the house rises from 20 percent to 50 percent?
The terms price maker, price setter, and price searcher are all meant to imply the same thing, In monopoly,
Using the factor endowment theory or the Porter’s model, list 3 sources of comparative advantage for one BRIC country. How would the US fare on each of the sources you selected? China.
Illustrate what can we say about the elasticity of demand for Larissa's legal services. Elucidate which is consistent with the direction of these shifts
The Fed is concerned that this overheated economy will put pressure on prices and lead to a too high level of inflation. For this reason the Fed wants to engage in contradictory monetary policy, reducing AD, and so output, thereby increasing unemploy..
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