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Question: Produce a time series plot of the data. From this graph, do you see a pattern? Can you see any seasonality in the data? You may have to perform time series plots by years.
Draw the demand and supply curves for these two types of labor. What feature of your graph accounts for the differences in the two wage rates and what feature accounts for the differences in the quantities employed of these two types of labor?
Computer Products Corp. sells peripheral equipment used by both private businesses and the government. Due to a recession, Computer Product's sales have declined by 100,000 units and it now has 200,000 units of excess capacity.
a) Suppose the inputs in problem 5 can be purchased at the same price per unit. Will production be relatively labor intensive or capital intensive b) Suppose input prices are PL= 40 and PK = 80 and the price of output is 10. Determine the optimal q..
What does behavioral economics have to say about each of the following statements?
Determine the internal rate of return of the following cash flow Year cash flow 0 -100,000 1 10,000 2 12,000 3 13,000 4 14,000 5 15,000 6 16,000 7 17,000 8 18,000 9 19,000 10 20,000 11 21,000
Joe the Plumber runs a competitive firm. He does 20 works per week, and charges $50 per week. His total cost each week is $1200, of which $300 is Fixed cost. Draw a diagram about his short and long run decision.
What do you understand by the term the term NAIRU? Using an appropriate diagram, show how attempts by government to reduce unemployment below this rate by expanding aggregate demand may only lead to higher inflation, especially in the longer term.
A 12% $50,000 bond is offered for sale at $45000. If the bond interest is payable monthly and the bond matures in 20 years, what nominal and effective rates of return per year will the purchaser make on the investment
Suppose Adam receives a tax rebate of $100 per year, so his income is $14,100 per year for the rest of his working career. By how much does his consumption increase this year and next year?
Explain why a transaction may have many cursors. Also, how is it possible that a transaction may have more than one cursor on a given table?
England, France, and Germany. If you enter the English market, you have a 0.5 chance of big success (selling 100,000 units at a per-unit profit of $8), a 0.3 chance of moderate success (selling 60,000 units at a per-unit profit of $6), and a 0.2 c..
Does the market equilibrium exhibit a lemons problem? Include an analysis of whether clearly labeling the origin of the grapes solves the lemons problem.
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