If 1 million people are unemployed and 9 million people are employed how large is the labor force? 1% 10% 1 million 9 million 10 million

Q: oints on a utility possibility curve represent a given distribution of well-being between two person...

A: The satisfaction that is in turn being received by a consumer from the consumption of a service or g...

Q: Baseod on the Harrod-Domar model,  a. economic growth depends on wise public investment decisions by...

A: Since you have posted multiple questions, we will answer the first question for you. If you want any...

Q: Consider an ISLM model given by these equations: Y = C + I + G C = 10 + Ya T = 10 G = 15 I = 5+÷Y – ...

A: (a) At equilibrium Y = C + I + G => Y = 10 + (1/2)Yd + 5 + (1/4)y -100i + 15 Note: Yd = Y - T =&g...

Q: O Cons i der Hhe following Coarnut medel. • The inverse femand function is given by p= 30-@ where Q ...

A: e. In Bertrand competition firms compete in prices so the firm that sets the lowest price gets the d...

Q: Why doesn’t the rapid growth of China’s economy result in improvements in the lives of all... Descri...

A: "Since you have asked multiple questions, we will solve the first one for you. If you want any speci...

Q: Why is saving important for economic growth and development

A:   Meaning of Economics: The term economics refers to the situation under which there remain transact...

Q: The schedule below shows the supply and demand for movie tickets. What is the equilibrium quantity a...

A: The curve that depicts the quantities that are being demanded by individuals at various levels of pr...

Q: The difference between rent control and rent stabilization in New York is . . . (a) Rent control wa...

A: b) Rent stabilization insures that rents neither rise nor fall too fast, whereas rent control only c...

Q: When demand increases, there is a _____ at the old equilibrium price, which puts _____ pressure on p...

A: The curve that depicts various quantities of goods being demanded by consumers at various levels of ...

Q: In a bilateral monopoly, suppose we have the following information: P = 1000 - 2Q (Demand) P = 100 +...

A: Introduction: A monopoly is a dominant position of an industry or a sector by one corporation, to th...

Q: Use the black point (plus symbol) to indicate the equilibrium price and quantity of tablets. Then us...

A: Equilibrium occurs at the intersection point of the demand and supply curve.  Consumer surplus is th...

Q: Explain the Effects of Economic Globalization through: Inequality

A: To find : Effecf of inequality and tax havens on economic globalization. 

Q: A project costing P250,000 yields a yearly benefit of P80,000 for a period of 10 years with no salva...

A: Benefit Cost ratio=Proposed total benefit Proposed total cost                                 =80,00...

Q: a) Employ the skill circle model and calculate skill range, skill range and total labor cost per wor...

A: Total labor cost is the aggregate cost of the hours worked by all representatives, in addition to al...

Q: C. Solve for the market equilibrium price (P) and market equilibrium quantity (Q) Answer must be in ...

A: Equilibrium price is the price at which quantity demanded equals quantity supplied and the market cl...

Q: 1) Four mutually exclusive alternatives are being evaluated, and their costs and revenues are itemiz...

A: Present worth is an equivalence method of analysis in which a project's cash flows are discounted to...

Q: An annual fixed operating cost of P10,000,000 is incurred by a Medical Devices Manufacturing Company...

A: Fixed cost = 10,000,000 -------------------------- Variable cost per unit = 1,375 Let's assume Q uni...

Q: 1. Suppose that you want to write down a model to explain the observed relationship between aggregat...

A: The relationship between aggregate income and aggregate economic spending is determined on the basis...

Q: Why does the firm have to borrow the bank's liability rather than use its own? Explain briefly.

A: Start-ups and small businesses seeking to expand frequently have one thing in common: they require a...

Q: . Productivity of land can be raised by

A: To find : What can be raised by productivity of land. 

Q: . What is the law of supply and how is it related to supply elasticity? In your response, make sure ...

A: The Law of supply states that there is a positive relationship between price and quantity supplied. 

Q: A corporate expects to receive $36,144 each year for 15 years if a particular project is undertaken....

A: The difference between the present value of cash inflows and the present value of cash outflows over...

Q: 2. Assume there are two firms (A and B) in the market. The market demand is given by P(Q) = 140 – Q ...

A: In the Cournot model, two firms compete on the basis of output. Cournot equilibrium is less efficien...

Q: 3. Effects of rent control Rent controls force landlords to price apartments below the equilibrium p...

A: Rent control is the price ceiling that sets the maximum rent that can be charged. It is imposed to p...

Q: Profits are O Residual payment

A: To find : What is profit. 

Q: You own a company that produces widgets. You currently produce 100 widgets; each widget sells for $1...

A: The economics as a study is based upon the idea that the resources which are present with the econom...

Q: Company X has a fixed expenses of 1.38M monthly and each units is produced at ₱20. Company Y has a f...

A: Concept A company's total costs often include both fixed and variable costs. For a particular time p...

Q: start up business is considering two types of equipment - data are as follows: TYPE A TYPE B First C...

A: We need to calculate, By present worth cost method, computation of the value of Type A and Type B:

Q: A manufacturing firm has a total cost curve : TC= 0.25Q^3 - 6Q^2 + 50Q + 240, and a marginal cost cu...

A: It has given, TC=0.25Q3-6Q2+50Q+240MC=0.75Q2-12Q+50Now,MC'(Q)=1.5Q-12=0Therefore,1.5Q=12Q=8Now, for ...

Q: An artisanal manufacturing plant has 30 horsepower of connected load and consumes 2,800 kilowatt-hou...

A: Introduction A consumer consumes 2800 kilowatt hours monthly and the manufacturing load of the plant...

Q: What is the major difference between microeconomics and Marcoeconomics.

A: Economics is categorised in two category microeconomics and macroeconomics. Individual and corporate...

Q: nsider the economic model: Yt Ct +i %3D Ct myt-1 it act-1 here y is GDP, c is consumption, i is inve...

A: Gross domestic product (GDP) is the standard measure of the value added created through the producti...

Q: Abhijit deposits $100 in a bank account that pays an annual interest rate of 5 percent. A year later...

A: Deposit=$100Annual interest rate=5%Now,Value of deposit after one year=100+5%Value of deposit after ...

Q: Supply Demand QUANTITY For an output level exactly at QE, the value of a unit to a buyer is the cost...

A: Given:-

Q: How do governments and families affect economic inequality?

A: Economic inequality can be explained as the unequal distribution of income and opportunity between t...

Q: In the market for a normal good, an increase in income will cause an increase in _____, an increase ...

A: Normal goods are a type of good that the demand and income are positively related. So it has a posit...

Q: Utilize the provided goal post of the United Nations. Based on the given information: a. Life expect...

A: Introduction data of Philippines has given as Life 67 years Adult literacy rate 68 % ...

Q: 180 Supply i i 10 25 80 90 QUANTITY (Units) For each of the regions, use the midpoint method to iden...

A: The elasticity of supply is defined as the responsiveness of the supply of a good or service in resp...

Q: Given the following individual demand and supply equations for onions: Qd = 40 - 3P Qs = -20 + 5P Re...

A: Demand curve shows the negative relationship between price and quantity demanded whereas supply curv...

Q: Japan has run large current account surpluses for much of the past two decades, yet no one ever asks...

A: Balance of trade of a country denotes the imports and exports of the country.

Q: Q1) Assume a market of a specific good. The demand and supply equation is as shown below: P = 70 - 3...

A: PD= 70-3QD PS= 5+2QS

Q: fa low cost house and lot worth P 87,000 vere offered at 10% down payment and P 500 per month for 25...

A:

Q: Describe the need versus the want for a Samsung cellphone.

A: Let us image the case of a farmer who produces barley. The farmer may receive many customers for his...

Q: For K > 0 and L > 0, the production function F(K,L) = 2KL+ K has a. increasing returns to scale b. d...

A: option (a) increasing returns to scale is correct  because An increasing returns to scale occurs whe...

Q: Cindy and Steven are recently married and are both chefs. They have recently graduated from culinary...

A: Let us calculate the monthly expenditure of Cindy and Steven Rent - $1125Cable and Internet - $75Joi...

Q: Identify the intellectual revolutions that created paradigm shift. (100 words only)

A: Intellectual revolution: There are many measures that have been taken in order to provide knowledge ...

Q: According to the textbook, games do not have the oppositional subtleties or complexities that can be...

A: A film adaptation is the transformation of a work or storey into a feature film, in whole or in part...

Q: 2. Explain, in words, what is meant by labor augmenting productivity

A: Labor augmenting productivity, when a new technology has been introduced in the firm/industry tend t...

Q: Notes A. The price of gasoline increases from 16 per barrel to 30 per barrel and as a result, the de...

A: We will answer the first question since the exact one was not specified. Please submit a new questio...

Q: Why is a slow growing economy a problem during a recession?

A: To find : Why is slow economy a problem during recession. 

Comparative Advantage and Absolute Advantage Analysis

The theory of absolute advantage was given by Adam Smith in the year 1776.