Reference no: EM131239591
Regional Economics
If you could explain what you are doing along with solutions that would be extremely helpful as I do not know where to start with this question and it's components.
The nation of Erehwon has three industries: manufacturing, agriculture and services. Each national industry has 50 million workers. Regional Consultants, Inc. (RCI) is doing an economic base study of the metropolis of Centralia, a metropolitan region in Erehwon. Centralia has total employment of 1.5 million workers. Centralia’s employment is divided 750,000 in manufacturing, zero in agriculture and 750,000 in services. RCI is using the minimum requirements approach. They estimate that for metropolitan areas in the same size group as Centralia the minimum shares of the three industries are manufacturing at .15, agriculture at 0.0 and services at .25.
a. What minimum requirement location quotients (MRLQ’s) will RCI get? (Be quantitative.)
b. What will RCI estimate as being the size of the basic sector (B) in the region? What is their estimate of the non-basic sector, (N). (Be quantitative.)
c. Given their answer to (b), what value do they get for the employment multiplier (T/B) for Centralia? (Be quantitative.)
d. Now RCI is hired to use its base model (from 1) to do an impact analysis of a proposed expansion of the XYZ Manufacturing Company in Centralia. Currently the plant has 200 workers and the expansion would increase its employment by 150 workers to 350 workers. All of the new output will be shipped to new markets outside Centralia. What does RCI expect to happen to basic employment, to nonbasic employment, and to total employment? ?
Please explain your work (and complete all parts not just some & don't just provide answers)
|
What is the new volatility estimate
: Assume that S&P 500 at close of trading yesterday was 1,040 and the daily volatility of the index was estimated as 1% per day at that time. -what is the new volatility estimate?
|
|
Determining the cost-minimizing combination
: For the life of me I can't figure out the following: Output is produced according to Q=4LK, where L is the quantity of labor input and K is the quantity of capital input. If the price of K is $10 and the price of L is $5, then the cost-minimizin..
|
|
Prove that for a planar graph with k components
: For which n is Kn planar and for which n is Kn non planar? Make and prove a conjecture.
|
|
What is the purpose of the where clause in a query
: What is the purpose of the WHERE clause in a query? Can you write a query without using the WHERE clause? Explain.
|
|
What minimum requirement location quotients
: The nation of Erehwon has three industries: manufacturing, agriculture and services. Each national industry has 50 million workers. Regional Consultants, Inc. (RCI) is doing an economic base study of the metropolis of Centralia, a metropolitan region..
|
|
Calculate current estimate of the covariance between assets
: Suppose that the daily volatilities of asset A and asset B, calculated at the close of trading yesterday, are 1.6% and 2.5%, respectively. - Calculate the current estimate of the covariance between the assets.
|
|
Draw a class diagram and showing the relevant classes
: A company has a number of employees. The attributes of Employee include employeeID (primary key), name, address, and birth date. The company also has several projects. Attributes of Project include projectName and startDate. Each employee may be a..
|
|
Count the number of vertices edges and faces
: xplain why every planar drawing of a graph has the same number of faces.
|
|
What are the price and quantity at the new equilibrium
: If one of the physicians moves to another city, reducing quantity supplied by 25 percent, what are the price and quantity at the new equilibrium?
|