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What is the national unemployment rate right now and what is theunemployment rate for the demographic group that best fits adescription of you (age, sex, race) Is it higher or lower than thenational average and why?
Compute the coefficient of price elasticity for the price ranges given in the schedule and complete the first column of the table. What do you notice about the algebraic sign of the values you have just computed? Why is this so?
Pine Village needs some additional recreation fields. Construction will cost $225,000 and annual O&M expenses are $85,000. The city council estimates that the value of added youth leagues is about $190,000.
The energy Department estimates that domestic demand for natural gas will grow by more than 40 percent between now and 2025. Distinguish between a demand function and a demand curve.
Assume the growth rate of the software company and the interest rate are both constant and the software company will be business for years to come.
If a dealer of rare artifacts purchases a 2nd Century Roman Vase for $250,000 and sells it to a wealthy collector for $320,000 during a given year, how much has been added to GDP for that year? A. Nothing, because the vase was produced centuries ago...
Determine which of the following is the best example of two inputs that would exhibit a constant marginal rate of technical substitution?
Assume a $1,000 par-value bond was issued last year with a promised yearly rate of return (yield) of 6% when market interest rates on comparable securities were also 6%.
As the manager of Pelican Point Financial Group, you are unable to determine whether any given individual is a high or low volume transaction investor. Design a self-selection mechanism that permits you to identify each type of investor.
Describe what would happen in this market in terms of the supply and demand curve and draw a graph illustrating the supply and demand in this market.
In a simple economy, suppose that all income is either compensation of employees or profits. Suppose also that there are no indirect taxes. Calculate gross domestic product from the following set of numbers. Show that the expenditure approach and the..
Explain how a consumer as well a business in the perfectly competitive arena maximize utility, discussing any similarities.
If the wage rate is $30 per hour and the rental rate on Capital is $10 per hour, what is the cost-minimizing input mix for producing 4 units of output?
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