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Assume that a society consists of two types of workers. For type A, 3 million workers lose their jobs each year, and each one takes a year to find a new one. For type B, 36 million workers lose their jobs each year (3 million per month), and each takes one month to find a new job. Thus, at any given time, 6 million are unemployed in this economy.
a . How many "spells" of unemployment occur each year in this economy?
b . What percentage of the "spells" are only one month long?
c . If you take all the workers unemployed each year and multiply each by the length of his or her unemployment "spell," how many "months" of unemployment would there be in this economy each year?
d . of all the "months" of unemployment, how many are accounted for by the workers unemployed a year at a time.
What the current market indicates and why and what your future goal is. We will probably revisit some of your choices in future modules.
Suppose a random sample of size is selected from a population. Find the value of the standard error of the mean.
Consider the Linear demand function Q = 20 - 0.5P. using calculus, find the level of output, Qrmax, where total revenue reaches its maximum value.
Explain how the below game should be set-up, played and solved a consumer decide.
Is the price elasticity of demand elastic or inelastic for that good or service. Explain how should the company alter the price of the good or service to increase revenues.
Elucidate how will this change affect international business. What other industries might be affected by similar technological advancements.
You're the manager of copies are us. The only copy store in town, the carbon copy, recently got bids on adding a colour copier.
Why is representative money more useful than commodity money. representative money has value because the government says it does or else.
From the information in the following table, calculate the income elasticity of demand for this good if income increases from $10,000 to $20,000, and if income increases from $40,000 to $50,000.
Antitrust authorities at the Federal Trade Commission are reviewing your company's recent merger with a rival firm. The FTC is concerned that the merger of two rival firms in the same market will increase market power.
Some musical groups have become concerned about the high prices that promoters charge for concerts (say $80 on average). So they have mandated that lower prices be charged that are more fair to their fans (say $60). Use the market model.
Equate the following cash flows to equal cash flows in years 5,6,7,8 and 9. Let i = 8% per year. Use a uniform gradient factor in your solution.You have the following end of year cash flows: Y0 = $400 Y1 = $300 Y2 = $200 Y3 = $100
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