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1. Name one major advantage and one major disadvantage of using the employment-population ratio instead of the unemployment rate to measure trends in the health of the labor market. (2-3 sentences)
2. Give one important advantage and disadvantage of using the Under-employment measure, U-6, instead of the unemployment rate. (2-3 sentences)
In the case of the car wash, suppose that the owner wants to segment his market in terms of the willingness to pay of her customers. She thinks that segmenting the market between car owners who would pay more than $12 per car cash wash and those who ..
A competitive firm has the following cost function: TC = 0.2Q2 + 6Q + 12 The firm believes the market price for their product will be $11 with probability 0.45. Otherwise, they believe the market price for their product will be $18. Find the firm's e..
If you were an executive working for an emerging automaker from china or india, assuming your firm only has the ability to enter on Latin American country for the time being, which country would you recommend Brazil or mexico?
Currently a monopolist's MR = $5 and its MC = $10 and it services 10 consumers. An 11th consumer walks in. Should the company service her?
Relative poverty might be defined based on the: Assume someone with no income gets $1000 per month in benefits and there is a benefit-reduction rate of 60%. Someone that earns $1200 per month would have how much total income (including wage and benef..
Why would a unionized firm be likely to pay a greater portion of hourly compensation in the form of employee benefits, such as pensions and life insurance, than a nonunion firm?
Explain why do equity holders care more about ROE than about ROA. If a bank doubles the amount of its capital and ROA stays constant, what will happen to ROE.
Assume you are a wheat farmer in North Central Kansas, you have fixed costs per acre of $84, variable cost per bushel is $3.64, and you produce 56 bushels per acre. What is your total variable cost per acre? What is your total cost per acre?
Suppose your nominal income rose by 6.3 percent and the price level rose by 3.8 percent in some year. By what percentage would your real income (approximately) increase? percent. If your nominal income rose by 3.8 percent and your real income rose b..
A kinked demand curve is most likely to occur when other firms. The difference between the price firms would be willing to accept for their goods and the price they actually receive is called. Under conditions of perfect competition, maximum profit o..
Does that face help explain why such governments would rather subsidize an industry’s export sales than its sales in the domestic market?
Maria decides to switch a major and is now a student in business. in period 2, she will have a BA in business and her income will be $88000. determine Maria's lifetime wealth. determine consumption and sacving of maria in period 1 and period 2.
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