The city of Fairyland has a labour force of 5000. 50 people lose their jobs each month and remain unemployed for exactly 1 month before finding jobs. On Jan- uary 1 and July 1 of each year, 200 people lose their jobs for a period of 6 months before finding new jobs. What is the unemployment rate in any given month? (A) 1% (B) 3% (C) 4% (D) 5%

Q: Alfred marshall concept of marginal utility

A: Utility is the want satisfying power of the commodity which includes the concept of marginal utility…

Q: 1965 2010 TI Year Nominal Average Hourly CPI (1982-1984 100) 32 219 Earnings $2.65 22.59 =

A: After adjusting for inflation, the amount of money an individual earns so that their value of wages…

Q: As the price of senior.rings increases, more juniors decide not to buy their rings. This is a O…

A: Demand for the good refers to the quantity demanded of the good by the consumers at different prices…

Q: Problem 03.056 Shifted Decreasing Gradients The City of San Antonio is considering various options…

A: According to the TVM concept, the value of the same amount of cash flows at different Intervals of…

Q: Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines).…

A: A competitive market is a market structure where many buyers and sellers actively trade identical…

Q: Price C A E S D Quantity

A: Market equilibrium refers to the set of economic variables (often price and quantity) that the…

Q: A decrease in the supply of a product most likely would be caused by O An increase in business taxes…

A: The Demand for products or services is described as the desire of a consumer to purchase that…

Q: (I). Suppose Mania comes into some money and can now spend an extra $200 per month. Draw her new…

A: Given information Budget constraint M=PR*R+PCru*Cru PR=$14 PCru=$25 Initial M=1200 Extra money…

Q: The Weibracht Corporation designs and manufactures custom beer steins for some of the numerous brew…

A: To find the profit-maximizing price, we first have to find the profit-maximizing quantity.…

Q: Question  a. Illustrate the impact on equilibrium price and quantity of the following: i. Market for…

A: “Since you have posted multiple questions with multiple sub parts, we will provide the solution only…

Q: nd the value of x that makes the equivalent annual worth in years 1 through 9 equal to $700 per…

A: Interest rate: Interest rate is the rate which is cost for borrower and it is compensation for bank.…

Q: 1. The Alpine Bagel Co. is evaluating pricing for Bagels in it's outlet in the student commons.…

A: The demand for Bagels is as given : Q=-20P+10Ps-20Pc+10I P : Price of Bagels Ps : Price of scones Pc…

Q: Graph A A2 A B2 Graph B B Graph C Which graph illustrates the effects on purchases of Corvettes, if…

A: Total demand: Total demand is a microeconomic concept and is calculated for each individual. The…

Q: Please answer both parts I do not understand. Thank you :) Part A: Suppose that there is a 20%…

A: Expected income is a measure of the average amount of income that a person or a business can expect…

Q: O Graph C A2 O Graph D A B2 Graph B Graph A Which graph illustrates Honda and Toyota adding 3,000…

A: When 3000 robots are introduced in assembly line supply will increase that will shift the supply…

Q: One of the main commodities traded in the triangular trade was: a. Cotton b. Silver c. Tea…

A: Triangular trade refers to a link between three regions or ports. It lead to shuttle between north…

Q: Suppose a consumer buys a frozen cheese pizza at the grocery store for $10. The frozen pizza company…

A: GDP is the gross domestic product.  GDP is calculated using three methods.  The value added method…

Q: Assume that the potential GDP of the economy of Arion is $1,300, and that the aggregate demand and…

A: Aggregate quantity demanded is the demand for final goods and services at the given price level. It…

Q: If the price of cotton falls from $7.00 a bushel to $4.50 a bushel, then O The supply of cotton will…

A: Supply refers to the total amount of a good or service that a producer is basically willing and able…

Q: You just obtained a loan of $15,000 with monthly payments for four years at 5.04 percent interest,…

A: When a loan is taken out, it is generally repaid on a monthly schedule utilizing monthly payments.…

Q: The figure to the right illustrates the U.S. market for rugs made in a particular foreign country.…

A: Equilibrium in the market occurs where quantity demanded equals quantity supplied.

Q: omplete the following, using ordinary interest. (Use Days in a year table.) ote: Do not round…

A: Simple interest is a way of calculating the interest charge on a loan or deposit. It is calculated…

Q: Which of the following will cause a shift in the supply curve? O Technology Changes O Inputs O Taxes…

A: The supply curve represents the usual relationship between the price of a good or the  service and…

Q: Do you think that conventional fiscal policy is different from islamic fiscal policy?

A: Introduction The term "fiscal policy" describes how the government uses its tax and spending laws to…

Q: What the difinition of fiscal policy?

A: A policy is a set of rules, guidelines, or principles that dictate the decisions, actions, and…

Q: What is the percentage change in real average earnings from 1965 to 2010?

A: The real average earnings refer to the amount of money people earn after adjusting for inflation so…

Q: 6.610.11) (1 The table below shows the parameters for the economy of Hutu. Give your answers to one…

A: Equilibrium in the economy reaches at the point where production equals aggregate demand.

Q: The following data show the closing stock price of MNM Corporation for the last seven trading days.…

A: Mean: The mean, also known as the average, is a measure of central tendency calculated as the sum of…

Q: what date belongs to this statement, " the number of tickets sold at a movie theater on any given…

A: Data refers to numerical or qualitative information that can be used for statistical analysis or…

Q: Please completed iv of section a.

A: Demand curve is the graphical representation of demand schedule.  Demand schedule is the tabular…

Q: Is it necessary to research how different businesses use information technology?

A: Research refers to a systematic and in-depth study or investigation of a particular subject or…

Q: Mary sells bottles of lemonade. The demand factor for her lemonade is given by D(q)=100-1.5q and…

A: Demand curve is the graphical representation of demand schedule.  Demand schedule is the tabular…

Q: Refer to the hypothetical data in the table to answer the three questions. What was the real…

A: Real interest rate is the interest rate adjusted for inflation. Nominal interest rate is the rate…

Q: What is the effect if the cost of labor increases? O Price increases, quantity increases O Price…

A: In a market, labor is considered as a factor of production because it is required to operate…

Q: Draw a demand curve for pizza. What happens to the demand curve in each of the following scenarios?…

A: Demand Curve A demand curve in economics is a graph that shows the relationship between a…

Q: Suppose Lou's demand for good X is given by XL =74 - P/6 and Dora's demand for good X is given by XD…

A: Economic loss is the loss of economic efficiency in terms if utility for consumers/producers such…

Q: 20. An electric utility is taking bids on the purchase, installation, and operation of microwave…

A: NPW is the method under which cash inflows that are received during the lifetime of a project are…

Q: In the regional market for housing, demand for single detached homes depends on the price of the…

A: Given information Qd=0.1N+0.08PT-0.01PH N---- Income level PT---Price of the related goods…

Q: Gains from trade Suppose there exist two imaginary countries, Everglades and Denali. Their labor…

A: Comparative advantage refers to the ability of the nation to produce the goods at an opportunity…

Q: Country B has export sales of $40 billion, government purchases of $400 billion, business investment…

A: GDP is the gross domestic product.  GDP is the sum of consumption, investment, government spending…

Q: You are choosing between two goods, X and Y, and your marginal utility from each is shown in the…

A: Law of Equi-Marginal utility explains the relation between the consumption of two or more goods and…

Q: What is implicit and explicit cost. Explain

A: Introduction The total amount of resources (including money, time, and labour) utilised by a person…

Q: 1. Suppose there are 2 firms {A,B} producing the same homogeneous good with constant marginal costs…

A: The Bertrand Equilibrium is a concept in microeconomics that describes the outcome of a price…

Q: QUESTION 12 Table 1 shows the summary of China's balance of payments and net international…

A: Reserves are the funds that are kept safe by a nation and to be used at the time of financial…

Q: 3. The U.S. government introduced a variety of price controls in the 1970s, including controls on…

A: Price control refers to a government intervention in the market to regulate the prices of goods and…

Q: As of January 2021 In US there are about 200 million people aged 16 years and older, 160 million are…

A: Unemployment rate is the rate of total unemployed people  Labir force is the sum of employed and…

Q: Let p denote the price of good X and consider the demand for good X of the following two consumers…

A: Aggregate demand will be computed as summation of individual demand functions.

Q: Suppose that Zamboni Enterprises is the only company that sells zambonis (ice resurfacing machines).…

A: We have to first find in monopoly terms then in perfect competition

Q: The value of equilibrium incomo

A: The value of equilibrium income can be found by setting aggregate demand (C + I + XN) equal to…

Q: b. Consider a vacant acre of land that rents for $500,000 per year after taxes. Assume this rent…

A: Market value refers to the price that a property or the asset would can be fetch in the marketplace…