Million labor-force participants

Assignment Help Microeconomics
Reference no: EM13690272

If the average worker produces $90,000 of GDP, by how much will GDP increase if there are 125 million labor-force participants and the unemployment rate drops from 9 to 8.5 percent?

Reference no: EM13690272

Questions Cloud

What is owed after the first two years of payments : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
Equilibrium conditions for his optimal allocation of time : Suppose a student has no more than t minutes to write an examination consisting of two questions, 1 and 2. He receives A points if he gets question 1 correct and B points if he gets question 2 correct. He knows that if he spends s minutes in question..
Determine the current profits of the two firms : Two firms compete in a homogeneous product market where the inverse demand function is   P = 20 - 5 Q (quantity is measured in millions). Firm 1 has been in business for one year, while firm 2 just recently entered the market.
Million labor-force participants : Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..
Calculate the expected market price : You are the manager of a firm that sells a commodity in a market that resembles perfect competition, and your cost function is   C(Q)= 2Q+3Q2. Calculate the expected market price.
Possible production function for bicycles : Let B denote the number of bicycles produced from x_F units of bicycle frames and x_T units of tires. Suppose that every bicycle needs exactly two tires and one frame.
Marginal product of labor and marginal product of capital : A firm produces an output y using labor and capital, whose quantities are denoted respectively by x_L and x_K. Suppose this firm's production function is given by

Reviews

Write a Review

Microeconomics Questions & Answers

  Why do most successful societies present patents and

1.what important characteristics do all three types of imperfect competitive firms share?2.why is marginal revenue

  Product of labor equation is an important equation

The Value of the Marginal Product of Labor Equation is an important equation. Setting aside political considerations, there has been quite a bit of discussion regarding the pay level for fast food restaurants. In two paragraphs, please discuss the ch..

  Define merchant banking

Merchant banking refers to:Banking services that are only available to retail merchants.Banking services that are only available to business but not the general public.

  As the student what opportunity costs do you confront by

as a student what opportunity costs do you confront by enrolling in university of phoenixs mba program? does your

  Demand to evaluate the wisdom of such a tax

1. Los Angeles is committed to raising $1 billion for a new stadium. It is considering a $1 surtax on all cab rides because most cab rides are by non-residents. Use supply and demand to evaluate the wisdom of such a tax.

  An increase in the price of beef on one’s decision to buy

A change in the meeting time of the introductory one’s decision to go swimming economics course from 11:00 A.M. to 7:30 A.M. on one’s decision to attend the lectures

  International Monetary Relation

Choose a United States multinational company. In terms of currency denomination, discuss how the company values its revenues and costs.

  Create one page paper that includes solutions to table

you have been hired by a monopoly to analyze the following production data and prepare a proposal suggesting how to

  In market for good y the income elasticity of demand is

average consumer incomes have decreased substantially due to poor economic conditions. in the market for good x the

  What is the present value of a uniform stream

Normal 0 false false false EN-US X-NONE X-NONE MicrosoftInternetExplorer4 ..

  What other health coverage options should ridpaths consider

Greg and Tanya Ridpath have two children, ages 6 years and 5 months. Their younger child, Ray, was born with a congenital heart defect that will require several major surgeries in the next few years to fully correct. Greg is employed as a salesperson..

  Prediction about the advertising rates

In 1989 the Detroit Free Press and Detroit Daily News the only daily newspapers in the city obtained permission to merge under a special exemption from the antitrust laws.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd