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The population of Ectenia is 100 people: 40 work full-time, 20 work half-time but would prefer to work full-time, 10 are looking for a job, 10 would like to work but are so discouraged they have given up looking, 10 are not interested in working because they are full-time students, and 10 are retired.
What is the number of unemployed?
Par Inc., is a small manufacturer of golf equipment and supplies. Par's distributor believes a market exists for both a medium-priced golf bag, referred to as a standard model, and a high-priced golf bag, referred to as a deluxe model. What profit co..
1. you are a commuter student at a local university. because of the steep rise in gasoline prices your parents decide
The Chicago Board of Trade voted to create a private market for right to emit sulfur dioxide. The Clean Air Act of 1990 established a limit, beginning in 1995, on total emissions of sulfur dioxide from 110 power plants. Firms finding it relatively ex..
Suppose that prisons hostorically have required inmates to preform, without pay, various cleaning and food preparation jobs within the prison. Now suppose that prsiosners are offered paid work in factory jobs within the prison walls, and that the cle..
Illustrate what is the probability the driving distance for one of these golfers is less than 290 yards. What is the probability the driving distance for one of these golfers is at least 300 yards.
Explain how the price-specie-flow mechanism operates to maintain balanced trade between countries. What are the assumptions that are critical to the mechanism's successful operation?
Business employs resources to use in the production and sale of a good or service. Accounting profit is typically used as a way of evaluating the success of a business, but economists argue that economic profit is more relevant to determining whether..
Prior to the 2010 ACA what requirements did the Internal Revenue Service impose on tax exempt hospitals as a condition of maintaining their tax exempt status
Why would an ounce of gold be priced higher than an ounce of coffee beans though coffee is generally considered more essential than gold
Do a discussion on the model of perfect competition also adopting strategies to gain marketplace power in competitive industries.
If you anticipate that the inflation rate is going to rise from three percent to 10 percent next year, you should?
Assume that you have a budget of $30 to spend on milk and cereal only. Graph the budget constraint. Be sure to put the quantity of (Qm) on the horizontal axis. What is the most you can purchase of cereal? What is the opportunity cost of three units o..
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