Adult population 2,189,000 Employed 1,043,000 Not in the labour force 723,000   How many adults are in the labour force? What is the unemployment rate? How many adults are unemployed? What is the labour force participation rate?

Q: Which of the following statements is true? A) The Okun’s law describes the positive relationship be...

A: Answer -

Q: The utility funetion is u(s1, 12) = ef£2: > 0. The good 1 is a numeraire. Price of 2 is p. Income is...

A: a. Indifference curve for utility level u0 is given by, x1μx2=u0⇒x2=u0x1-μdx2dx1=-μu0x1-μ-1<0 sin...

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Q: By using the notions of fixed and variable costs explain why theme parks close in winter months

A: Fixed and variable cost Fixed cost refers to cost that remains fixed at all level of output and does...

Q: Answer the following and show complete solutions. Instructions: 2. Using the Residential rate sched...

A: Total Cost refers to the total value of all the prices of the input used during a period. It is calc...

Q: Which of the following is NOT an advantage of buying an existing businesses? financing opportunities...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: AGRICULTURAL INSURANCE for a standard premium of one percent. Los ratios (indemnities divided by pre...

A: Agriculture insurance- Insurance is done to recover from the loss occur due to disaster which damage...

Q: 4. Assume that Canada and Kenya are trading partners. a. If the real interest rate in Canada decreas...

A: Answer(a) Financial account of Canada will be worsened or in deficits and the financial account of K...

Q: Look at the chart for problem #2 based on perfect competition. The profit that this firm earns when ...

A: Below is the given information: TR = P × QMR = TRn-TRn-1∆QATC = TCQMC = TCn-TCn-1∆Q

Q: By using open market operations, the Federal Reserve O a. adjusts the supply AND demand of reserves ...

A: Open market operation:-  The monetary authority of any nation sells and buys govt bonds and financia...

Q: All labour is

A: To find : What is category  of labour

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A: Marginal Product is the additional change in the total product due to change in labor. MP=Change in ...

Q: of the following statements about worker productivity and labor costs are true, EXCEPT:     A. work...

A: Worker productivity refers to total output  divided by quantity of labor employed. It is also known ...

Q: The production function for a product in given by q-10OK a merginal product functiore MP100K and MP1...

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A: In democratic government it has been seen that there is  the partnership and contribution of both pu...

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Q: A household of a wife and husband get utility from hours spent watching HBO (Z). To produce one unit...

A: GIVEN : =>Utility from watching HBO for both husband and wife=Z =>Cost of subscribing HBO = X ...

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A: Production means conversion of raw material into finished goods. It means the final goods are produc...

Q: Maria has decided to have a birthday party for 5 of her friends. She needs to buy sausages, bread an...

A: here we find the correct option by the following method as follow;

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A: Throughout 2021 and 2022, Russian military development on the boundary of Ukraine has raised pressur...

Q: Say the price of a cowboy hat is $100 . Willie can produce a cowboy hat at a marginal cost of $130, ...

A: Producer surplus is the total amount that a producer gains from producing and selling goods and serv...

Q: Years ago, Ricky paid $500 for CDs to put together a collection. Today, he sold his CDs for $200. H...

A: This question here is discussing about GDP which stands for Gross domestic product and imply that it...

Q: Problem 3 Consider a country called Midwest and is run by a monopolist. Market demand is P = 35 – 4×...

A: The equilibrium is established where the MR = MC.  

Q: Smillions GDP at Market Prices 1,,669.4 Imports Gross Domestic Capital Formation Income accruing to ...

A: Disposable Income is such income which remain after providing tax deduction and social security char...

Q: Thomas has the following utility function over milkshakes (m) and smoothies (S): U (m,s) =m+ 3s Toda...

A:

Q: 1.1 Economics concerns itself with: 1. A systematic understanding of patterns of production, consump...

A: "Since you have asked multiple questions, we will solve first question for you .. If you want any sp...

Q: 6. Imagine you have a quasi-linear utility function given be U=x-0.03r²+y. Please show your work on ...

A: Since we answer a maximum of 3 subparts, a-c will be answered here. Please re-upload the question me...

Q: Farm operations, especially the raising of food crops, have been exposed to many risks or uncertaint...

A: Agricultural insurance Agricultural insurance is a policy in which the insured (farmer) pays a small...

Q: 5

A: Utility is the measure of satisfaction that a consumer derives from the consumption of a good or a n...

Q: 4. Assume that Canada and Kenya are ti a. If the real interest rate in Canada decreas Canada and the...

A: The correct answer is given in the second step.

Q: 1. Suppose an economy is currently in the steady state. Show in clear and well labelled labelled gra...

A: Steady-state is necessary to understand the Solow model. At the steady-state, the rate of investment...

Q: 3. Based on each scenario in this question, indicate whether the following statements is true or fal...

A: disclaimer :- as you posted multipart questions we are supposed to solve first 3 questions only as p...

Q: Let us consider the following version of the Heckscher-Ohlin model with two countries H and F, two g...

A: Given Information: The relative price of good x increases. Production of good X is skilled labour i...

Q: 1) If investment spending depends on GDP, this is called induced investment? T/F 2) A change in ...

A: When a good is manufactured with the use of factors of production, cost  takes place for producing t...

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Q: Price level (GDP price index 2012-100) Pecencial AS 130 GDP 120 110 100 90 AD 165 19.0 193 200 20.3 ...

A: The potential GDP is $20 trillion.  Vertical line labeled Potential GDP. The economy is in equilibri...

Q: a) Economists call farm price supports "welfare for the rich"     b) Rent controls help to fight h...

A: Economics is the branch of social science which deals with problems related to production, consumpti...

Q: Using the table below answer the following question   Price Quantity demanded  Quantity supplied $...

A: * ANSWER :-  Given that ,   

Q: 1) You bought a home generator set by making a down payment of Php10,000 and monthly payments Php1,5...

A: Present value is the concept that states an amount of money today is worth more than that same amoun...

Q: SOURCE 1B Andrei Vyshinsky, the Soviet Union spokesman at the United Nations, speaking at the United...

A: Foreign Aid: It refers to the international transfer of public funds in terms of capital, goods, or ...

Q: 100+3P   and    Qd = 400 - 2P where Qs is Quantity supplied and  Qd is quantity demanded and P is p...

A: Supply and demand are equivalent in case of Equilibrium stage, and Qd=Qs. In given case:

Q: 4. TRUE or FALSE. If the statement is true provide a justification. If the statement is false provid...

A: Answer:- The statement is false

Q: Jack has a utility function U(x1x2)=2(x1)(x2)^2 , and the price of x1 is 3$ and the price of x2 is...

A:

Q: What is the difference between income inequality and wealth inequality? Why does this matter?

A: Please find the answer below.

Q: The marginal propensity to save is defined as the 1-MPC, where MPC is marginal propensity to consume...

A: In the formula of the 1-MPC it is the out of the all money earned, it is how much the consumption is...

Q: Table 5.1 1 year 2 years 2.25% З years 3.25% 1.50% Table 5.1 shows the interest rates for Treasury s...

A: Bonds refers to the type of instrument that represents debt of a borrower to a lender. It is usually...

Q: In an open economy, suppose the IS curve can be written as: Y = C[Y] + I[i] + G + T[Y, E] (1) The pa...

A: Introduction IS equation in open economy given as Y = C(Y) + I(r) + G + T(Y,E) Now condensed the equ...

Q: Suppose there is a decrease in the demand for investment, and increase in saving in an economy. Show...

A: An investment curve is downward sloping due to the negative relationship between interest rate and i...

Q: Below is a year-end cash flow diagram in dollars, deferred in some years. MARR = 2.7% Find the value...

A: Dear learner you have posted multiple questions, as per our policy we have solved only first questio...

Q: LR-ATC Q2 Q3 Q4 Output In the above figure, between Q3 and Q4 units, the firm experiences O a. disec...

A: In a market, economies of scale refers to the economic concept to explain a situation when a firm ha...