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Consider the individual described below. Which type of unemployment would you suggest that they most likely belong to? Explain.
A woman working as a casual University lecturer for the past 7 years has recently lost her job due to the downturn in international student numbers due to COVID-19. Reduced student numbers are a problem at all local institutions due to these circumstances. She knows that there are jobs available in her field at regional Universities that have been less impacted, but she does not want to move far away from Adelaide due to her need to care for her ill sister.
Suppose that firms’ marginal and average costs are constant and equal to c and that inverse market demand is given by P = a – bQ, where a,b>0. Calculate the profit maximizing price-quantity combination for a monopolist. Also calculate the monopolist’..
Suppose the price of copper increases from ?$2,000 to ?$2,400 per ton and the quantity supplied increases from 8 million tons to 12 million tons.
Which of the following statements is true? Other things equal, the demand for labor will be less elastic the:
Monsanto, Corp paid dividends of $2.80 last year. Over the next three years the earnings and dividends are expected to grow by 10% per year. Thereafter, assume that the dividends will grow at a 5% rate forever. If investors required return on Monsant..
Suppose you compare your income this year and last year and find that your nominal income fell but your real income rose. How could this have happened?
The stock price is $70. How big is the "bubble" on this asset? What price are people expecting this asset to be next year?
Perfect competition and economic efficiency. The market demand curve for widgets is P = 30 – Q while the market supply curve is P = Q. What is the equilibrium price and quantity in the widget market under perfect competition? What is the economically..
Either an increase in demand with the supply curve held constant or a decrease in supply with the demand curve held constant will raise a market's equilibrium price.
Draw a production possibilities frontier for the production of corn and steel, identifying the efficient points, feasible points, and infeasible points. Illustrate and explain increasing opportunity cost.
In macroeconomics from williamson (4th edition) in chapter 11, it says that demand for credit is R=q (totally elastic), but in williamsons notation, R is in nominal terms and q in real terms. Isnt that mistaken? Shouldn’t it be r=q? (r=real interest ..
The required reserve ratio is 25 ?percent, and the bank chooses not to hold any excess reserves but makes loans instead. What are the? bank's total? reserves?
For each of the following, identify whether the statement is true, false or uncertain and justify your answer. a) If everyone has the same marginal rate of substitution, then the allocation is Pareto efficient. b) If a policy change increases social ..
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