A simplified representation of the real world that is used to explain economic phenomena is a(n) O map. O model. O assumption. O implication.

Inflation rate for the developed country (New Zealand).

​Personal income includes income received in the form of transfer payments  True  False

The fractions make no sense

Marginal Average Marginal Total Output Price Revenue Total Cost Cost 1 $ 100 $ 100 $ 100.00 $30 2 90 80 63.00 26 80 60 52.67 32 4 70 40 49.50 40 5 60 20 49.60 50 50 50.00 52 7 40 -20 52.29 66 30 -40 55.75 80 20 -60 60.67 100 10 10 -80 67.60 130 Refer to the data for a nondiscriminating monopolist. This firm will maximize its profit by producing

In a given community, the unemployment rate is 3.1% and their working-age population is 1.2 Million. Labor force participation was 92% in this community in December of 2009.  In January 2010, this community takes in 80,000 refugees, 65,000 of which are working-age adults. All working-age refugees will be looking for a job in January and if they cannot find one will continue to look until they do. If 70% of the refugees start a new job in January,  what will be the Unemployment rate in this community in February 1st? ( Please round your answer to include 2 decimal places, do not include the percent sign in the answer. That is, If you find 8.33333% is the new unemployment rate, input your answer as 8.33)

39