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In Littleville, which has 1000 residents over 16 and not institionalized on the day of the survey. 400 people do not currently work. Of these 400 persons, 25 have become discouraged and quit seeking work, and 75 others are either full-time students or home-makers. Of the 600 people who do work, 150 work part-time but wish to work full-time. Employed people were working on the day of the survey
The employment-population ratio in Littleville is
Stay with scenario in Q1. How many minority workers do discriminating firms hire? Supply an integer answer.
What will happen to nominal GDP and the price level next year if the Fed keeps the money supply constant. Elucidate what money supply should the Fed set in year 2009 if it wants to keep the price level stable.
A good stock-based mutual fund should earn at least10% per year over a long period of time. Consider the case of Barney and Lynn, who were overheard gloating about how well they had done with their mutual fund investment. We turned a $10000 investmen..
The company uses the straight-line method of depreciation. The book value of the equipment at the beginning of the third year would be.
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
Tommy DesDain is the sales representative for the Holiday Zoo. He sells events, such as wedding receptions, corporate dinners, and fundraisers that are held on zoo grounds. Tommy has just finished negotiating all the details of Carole Madison’s upcom..
Illustrate the Circular Flow and Microeconomics in Context Models, being sure to include:
Petra likes iPhone apps and epresso pods for her coffee machine. We denote the number of apps by X and pods by Y. Prices PX = 10. PY = 5. Her income in the period is 500. Her utility function is given by: (1) U(X,Y) = X^(0.4)Y^(0.6). What must her ne..
Since the start of last year, you observe that the price of Monopoly Inc's products has increased. Which of the following scenarios is inconsistent
How important is the role of culture in management? How can we best cope with cultural differences in management practices? From you own experience, how does your company deal with cultural differences in the work place?
You are the manager of a theater. At present the theater charges the same admisssion price of $8 to all customers, regardless of age. You propose a two-tier pricing scheme: $5 for children under the age of 12 and $10 for adults. You tell your supervi..
what happens to the amount of debt held by the public. What would happens to the level of gross debt.
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