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Question: Two towns in Ontario each had an unemployment rate of 6% last year. In town Red, the incidence of unemployment was 60%. In town Blue, the incidence of unemployment was 10%.
What was the average duration of unemployment in weeks for those who were unemployed in each town? 3 Marks (Show calculations)
Why does the EC sometimes supply butter and cheese at a reduced price to certain targeted groups such as senior citizens?
What are some concerns relative to the current economic cycle brought up in the article?
A monopoly produces widgets at a marginal cost of $10 per unit and zero fixed costs. It faces an inverse demand function given by P = 50 - Q. Which of the following is the marginal revenue function for the firm?
3.Suppose in the short run a perfectly competitive firm has variable cost = 4q2, and MC = 8q where q is the quantity of output produced. Also, the firm has fixed cost F = 144.
Social structure in the US (upper,middle and lower class) American families & households. Families consumer behavior and family decision making on how they spend money wisely or not what makes a person buy products & if they are a brand loyal.
Three Cournot oligopolists, all with constant and identical marginal costs of $5, serve a market with demand Q = 15 - P. Calculate their equilibrium output.
Identify any additional information you would need to recommend a solution, and explain where you would likely find that information.
How does behavioral economics impact rational choice? Give an example from your work life.
Describe how an open market sale of T-Bills, carried out by the central bank, affects interest rates, the banking system and real economic activity
Inflation and the quantity theory: Suppose velocity is constant, the growth rate of real GDP is 3% per year, and the growth rate of money is 5% per year.
If its marginal cost is equal to $27 and its average total cost is $18, then how much is it earning in economic profit? Explain the answer in short sentence.
What was the relationship between cotton and the slave economy in the antebellum American South. was cotton expansion necessary for the continuation of slavery. Was slavery necessary for the growth of the cotton industry.
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