Heterogeneity and the dynamic nature of labor markets are the principal causes of frictional unemployment. Do you agree? Explain with examples

Q: 2. If the production function is given by Y-A(K¿L)°.5 where Y is the output, A is the technology, L ...

A: Understanding the Solow growth model is crucial. A growth model aids in forecasting the state of eco...

Q: There are n firms in a competitive industry. The market demand function is given by p = 10 – Q. A fi...

A: Introduction The market demand function has given as p = 10 - q so TR = p . q = (10 - q) q MR = 10 -...

Q: Refer to the information provided in Table 9.4 below to answer the questions that follow. Table 9.4 ...

A: We have given consumption function: C = 100 + 0.9Yd Differentiate C w.r.t Yd to get MPC MPC = dC / d...

Q: 5. Assume a movie theater that has a fixed cost of 500 dollars regardless of how many people come to...

A: Profit maximization is a process business firms undergo to ensure the best output and price levels a...

Q: describe capitalism and its major historical stages and how would it be applied in a career context?

A: The region or depicts which depicts the consumption and production of services and goods along with ...

Q: Suppose the price of avocados increases by 7% in a given market in which the market demand curve for...

A: Price elasticity of demand is important in determining the changes in revenue when there is a change...

Q: 1. The individual faces a budget constraint in period 1 of Pīc1+81 2 budget constraint of P,C2 = (1+...

A: A consumer's utility curve or function defines the ideal combination of expenditures that maximises ...

Q: Rita's designer bag is worth P 2 million. If inflation is at rate of 5%, what will be the cost of th...

A: Present value of the bag is 2 million and we need to final its value after 2 years 

Q: Boris has $100 to spend on bananas and/or babacos. Suppose you have drawn his budget line for banana...

A: Correct graph which describe the situation in the question is graph (d).

Q: Otondo , a currency trader in East African Community, has ksh 400,000. He wishes to assess his trian...

A: Given: East African Community has = Ksh 400,000 The exchange rate quotes are: 32TZ/1 KES  20UGH/IKE...

Q: P Question 1 Anand has $100 to spend on apples and/or avocados. Suppose you have drawn his budget li...

A: Correct answer "none of the above".    

Q: b. Due to the increase in price, consumer surplus O rises by less than $50. O rises by more than $50...

A: Introduction: Consumer surplus is an economic measure of consumer advantages. A consumer surplus occ...

Q: Two processes can be used for producing a new engine. Process A will have a first cost of P750,000, ...

A: * SOLUTION :-   

Q: competitive industry. The market demand function is 's cost function is c(q) = ¿q². The government p...

A: *Answer:       

Q: 3. A perfectly competitive individual firm operates in a constant cost industry and produces a level...

A: This is a perfectly competitive individual firm where by the quantity produced by the firm is as per...

Q: Suppose that a firm's marginal abatement cost function with existing technologies is MAC = 8 - E. If...

A: Initial optimal emissions for firm; MAC= tax 8-E=1 E=7 Tax cost=7*1=7 Total abatement cost=1/2*1*1=0...

Q: Question 4 A credit instrument can be defined as a financial instrument that returns payments that a...

A: Answer- "Thank you for submitting the questions.But, we are authorized to solve one question at a ti...

Q: There are three factors of production, capital, K, skilled labour L; and unskilled labour Ly. Which ...

A:  a production function gives the technological relation between quantities of physical inputs and qu...

Q: A proposal to reduce oil spill on MX5 has a B-C ratio of 1.5. The conventional annual worth of benef...

A: Annual Worth (AW) analysis is another method of comparing alternatives. It is often thepreferred app...

Q: QBS company wishes to replace its current equipment that was purchased 8years ago with the newer tec...

A: Future Worth is defined as the method which is used to calculate the equivalent cost of the project ...

Q: How long will it take any sum to double itself with an 11% interest rate compounded continuously? a)...

A: Continuous compounding refers to compounding interest an infinite times in a year.  The formula stat...

Q: The instructor takes a random sample of size from the population data and obtains the following samp...

A: A standard deviation is the measure that how the series is being dispersed in the relevant accordanc...

Q: Your mortgage compounds interest annually at an interest rate of 3.1%. If your loan was for $700,000...

A: Given:Principal=P=$700,000Interest rate=i=3.1%  Time=n=7 years

Q: Income  [ Dollars]                                 Quantity demanded 18,000                         ...

A: Income elasticity of demand is an economic measure of how responsive a good or service's quantity de...

Q: Discuss wether the sale of state owned enterprises will benefit an economy. Must use examples

A: It is known that in a communist type of government, it is seen that there is complete control of gov...

Q: 6) Use the figure below to answer this question. Interest Rate (%) 12 10 Loanable Funds (in billions...

A:

Q: Given four proposals for funding a new project with a 100M limit on capital funding and the MARR is ...

A: When net benefits become equal to net cost then such a condition is termed as Internal rate of retur...

Q: A. Each week, Adriel buys cheese (C) and sausage (S) which provides him a utility of U= 5th root of ...

A:

Q: The average price of the gasoline in 2021 was $3.01 per gallon. In 2001, the average price was $1.46...

A: Future value refers to the value of a specific amount in future at some interest rate.

Q: 5) A person with a current wealth of $100,000 who faces the prospect of 25 percent chance of losing ...

A: Current Wealth = 100,000  Probability of Loss = 0.25  Amount of loss = 20,000  Utility function : U(...

Q: Suppose the city of Strelsau has a 10%property tax on rental properties. Rudolph makes $100,000 a ye...

A: a. Strelsau has a 10% property tax on rental properties. This tax rate does not depend on the value ...

Q: Problem 3: IS-LM model An economy is initially described by the following equations: C=500+0.75(Y- T...

A: Disclaimer: “Since you have posted a question with multiple sub-parts, we will solve first three sub...

Q: nswer letter b only

A:

Q: Marvin has a Cobb-Douglas utility function, U=91 0.5. 0.5 92 his income is Y = $900, and initially h...

A: The Cobb–Douglas function is often used as a utility function. Utility is a function of the quantiti...

Q: What do you understand by demand and what would you say is its main purpose?

A: Demand refers to the ability and willingness along with the desire to buy a good. Demand and supply ...

Q: Fill in the blanks in the table below. Nominal GDP Real GDP growth Country growth Population growth ...

A: As per the fisher's equation, Real GDP growth rate = Nominal GDP growth rate - Inflation rate r = n ...

Q: (2021 Summer Midterm) At the current equilibrium point, the price elasticity of demand for soda is -...

A: Given: Price elasticity of demand=-0.6 Price elasticity of supply=1.13 Decrease in demand=2.69%

Q: Using the data In the table below related to nominal GDP, real GDP, and total population, answer the...

A: From the tabular data, Year Nominal GDP (in millions) Real GDP (in million) Population (in millio...

Q: What is different about ethics in a global or international context and ethics in a national context...

A: Ethics are referred to as those principles or rules which deal with the ethical and moral issues whi...

Q: On January 1st, the number of unemployed was 17 million and unemployment rate was 4.95%. The informa...

A: Answer: Given, Unemployed population (on 1st January) = 17 million Unemployment rate = 4.95% 4.95%=1...

Q: According to the data below, in which of the following years was cyclical unemployment negative? Nat...

A: Correct answer "option d- 2017".

Q: a utility function of 2 goods X and Y: U (X, Y) = Xª +Y°, where a= 5 anc = 10 and Y= 4, the individu...

A: The marginal rate of substitution is calculated to see if how many units of x must be sacrificed to ...

Q: 2. Assume a competitive firm with a cost function c(y) = y? + f. Prove that producer's surplus equal...

A: A cost function is a formula used to predict the cost that will be experienced at a certain activity...

Q: The following table contains statements that provide some analysis of policies that address the mini...

A: Introduction: A minimum wage is the lowest salary that companies can lawfully pay their employees; i...

Q: Using two AD/AS diagrams, explain cost-push and demand-pull inflation.

A: Inflation can be divided into two types of categories: 1. Demand-Pull Inflation >Inflation that a...

Q: Explain the importance of risk factors underlying disasters

A: Macroeconomics is important for a country, as it includes the whole economy. Aggregate demand and ag...

Q: Using the graph of a production possibilities frontier (PPF) below, please answer the questions that...

A: The production possibility frontier (PPF) is a business analysis curve that represents the conceivab...

Q: Country Y Price Odd Osd $ 9.00 250 450 8.00 300 400 7.00 350 350 6.00 400 300 5.00 450 250 The accom...

A: Whether a country imports or exports depends on difference between quantity demanded and quantity su...

Q: The accompanying table gives data for Country X. Column 1 of the table is the price of a product. Co...

A: From the data, it is clear that the equilibrium price is $3 and the equilibrium quantity is 300 unit...