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What is (Define) Unemployment Rate? How is the Unemployment Rate Calculated? Why is it important to know about the Unemployment Rate in studying Macroeconomics?
Diminishing marginal returns to labor means
Compute the approximate elasticity of supply from the following data:
The challenge that our economy is going to be facing is that we need to make decisions based on these fluctuations. Do you think our economy does a good job of evaluating these changes in output or not?
A firm is considering an investment that will earn a 6% rate of return. If it were to borrow the money, it would have to pay 8% interest on the loan, but it currently has the cash, so it will not need to borrow. Should the firm make the investment? ..
What is the opportunity cost of producing a second unit of hospitals? What is the opportunity cost of producing a fifth unit of homeless shelters?
Explain the Krugman Imperfect Competition Model of intra-industry trade in automobiles, and what the model means. Use diagrams to demonstrate the model in autarky and in free trade, and to show the existence of gains from trade.
Homework involves working with html, php, and oracle to create form which submits data to database, and returns a fixed report.
Suppose the Federal Bank has increased the discount rate. With the aid of an aggregate demand-aggregate supply diagram, explain how this monetary policy action will affect real growth and inflation in the short run and the long run. Provide an explai..
Suppose a drop in the compensating wage differential between risky jobs and safe jobs has been observed. Two explanations have been put forward: Engineering advances have made it less costly to create a safe working environment.
The demand function for DVD players has been estimated to be QPlayer = 134 - 1.07PDVD + 46Pm - 2.1PDVD - 5M, where QPlayer is the quantity of DVD players, PDVD is the price of a videocassette, Pm is the price of a movie, PPlayer is the price of a DVD..
Mary has two sources of income, let her non - labor income be represented by V dollars per year. He r labor income comes from working h hours per year in the labor market at wage rate of w per hour. L (priced at w per hour). Illustrate the impact of ..
Gina Picaretto is production manager at the Rich Manufacturing Company. Each year her unit buys up to 100,000 machine parts from Bhagat Incorporated. The contract specifies that Rich will pay Bhagat its production costs plus a $5 markup (cost- plus p..
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