n the year 2020, total number of employed was 1,700. There are 110 who were frictionally unemployed, and 70 who were cyclically unemployed. Total number of unemployed was 420.  Determine the number of people structurally unemployed for the year 2020.

Q: If the cost-of-living index is 270 in Miami, the real value of a $59,400 per year job offer in Mian…

A: # Cost of living index in Miami = 270  # Cost of living index in San Diago = 300 # Formula for real…

Q: "[Gobillion] is backed by Y Combinator, a Silicon Valley-based startup accelerator, which invested…

A: According to the question, it is given that : Gobillion is a startup accelerator backed by Y…

Q: If the inflation rate is 4.95% compounded annually, how long will it take for prices to double?…

A: The following is the formula to calculate the amount if the principal is compounded at r percent…

Q: Average Fixed Cost (AFC):

A: Fixed cost is a part of total cost which is there or fixed weather output produced is zero. fixed…

Q: Which of the following is the proper formula for GDP once you adjust it so it explicitly shows the…

A: GDP The market value of all financial goods and services produced in a domestic territory over a…

Q: 3. Using a graph, explain how the Marginal Efficiency of Capital curve for health would change if…

A: Marginal efficiency of capital: Marginal efficiency of capital (MEC) is the discount rate that…

Q: Q4 Michael spends all of his money on yams and pudding. His utility function is y-5 2p-5, MU, Op O…

A: Michael's utility function U=p0.5y0.5 Marginal utility of good pudding MUp=y0.52p0.5 Marginal…

Q: Define the term 'opportunity cost'. 2. Explain why the NHS has to make 'tough choices' about what it…

A: Health care economics deals with various factors that converge to influence the health care…

Q: If the supply price is 14 and the expected yield is 796, what is the capital's marginal efficiency

A: Given,   Prospective yield is = 796Value of supply price = 14 The capital's marginal efficiency must…

Q: 2. Alternative price indexes Because there isn't one single measure of inflation, the government and…

A: A consumer price index is a price index, the price of a weighted average market basket of consumer…

Q: Three professional siblings decided to save money so they can buy a house and lot for their parents…

A: Present worth is the discounted value of money at a given interest rate during a given time period.…

Q: Demand: P=40+i-6Q   Supply: P=4Q+w   i is income & w is wages   there is a $20 subsidy to…

A: Consumer surplus In economics, profit is the difference between the cost a consumer is willing for a…

Q: The government leaders of Nestua believe that corporations in Nestua are not paying their fair share…

A: Answer to the question is as follows:

Q: With the news that the construction industry is on the rise again in the U.S., the major car…

A: The answer to the question is as follows:

Q: Determine the present equivalent value of $400 paid over a period of 7 years  in each of this…

A: Present Equivalent value tells about the amount needed to produce a series of payments in the future…

Q: A typical firm in industry X has the following total cost function: TC = 400 + 38*q + 0.5*q2, where…

A: Marginal cost is the additional cost incurred to produce an additional unit of output. Average cost…

Q: 14. Mr. Reyes borrows P600.000 at 12% compounded annually. agreeing to repay the loan in 15 equal…

A: Given,  Amount Borrowed (P) = P600,000 Rate of Interest (i) = 12%, compounded annually Number of…

Q: Consider a competitive market with a downward sloping demand curve and an upward sloping supply…

A: Given that the market supply curve is upward sloping and the demand curve is downward slopping…

Q: Foreign Direct Investment is viewed by some economic proponents as a great boost to the Balance of…

A: A foreign direct investment (FDI) is a financial investment made by a company or individual from one…

Q: Explain how productivity, demand, and availability/supply affect the values attached to money…

A: The measure that depicts relationship between quantity of goods or services that are being demanded…

Q: Describe any five important differences between labour market and the goods market

A: We know that In an economy, there occur various activities. Activities are related to production,…

Q: 4. Find the total differential of z = (5x³-12xy-6x5)

A: The total differential of a function with two or more independent variables is equal to the sum of…

Q: 6. Violations of the factor-endowment theory of trade While different natural resources and the…

A: Factor endowment theory explains that the country will export the good if it is relatively abundant…

Q: Addy plans to deposit her annual bonus into a savings account that pays 4% interest compounded…

A: # She receives interest @4% P.A # first bonus she deposit at the end of the first year with amount…

Q: In a complex assembly operation, it is found that the learning curve rate is 85%. The standard time…

A: According to the given question, we have the learning curve rate is 85% or 0.85 . And it is given…

Q: he base year is 2020. GOOD QUANTITY (2020) PRICE (2020) QUANTITY (2021) PRICE (2021) RULER…

A: The real growth occurs in the form of rise in the production of goods and services. The nominal…

Q: a. What is the sample range? b. If you would like to construct a frequency distribution table with 6…

A: Sample range = maximum value - minimum value = 13.5 - 5.2 = 8.3

Q: Answer the following questions based on the accompanying diagram: Price ($) 20 18 16 14 12 10 8 00 6…

A: A price change in commodity affects its demand. We can track down the elasticity of demand, or the…

Q: Consumer Theory Daniel spends all his money on only two goods: chocolates (good 1) and milkshakes…

A: Indifference curve is the locus of different possible combinations of two goods that a person can…

Q: 1. Consider a wine dealer who has k bottles of wine. The dealer can sell them now (t = 0) or can…

A: This question asks us to calculate the sales revenue for selling k bottles of wine. We are given the…

Q: International Trade-End of Chapter Problem The accompanying table provides data regarding domestic…

A: In the free market the economy determines the equilibrium point through the forces of demand and…

Q: Offer an example of a market where you consider the real-world outcome to be unacceptable. Why is…

A: Usually, the market outcomes are considered efficient and socially optimal ones. The outcomes occur…

Q: A consumer of two goods has indirect utility v(p, w) = -1/2 P₁ + P₂ (a) Find the indirect…

A: Indirect utility actually shows the combination between price of a good and income of a consumer…

Q: In the following diagram, the deadweight loss is given by the area.. Picture Pw+t Pw 0 Ob+d O a…

A: Deadweight loss due to tariff = Total surplus without tariff - total surplus with tariff. It is…

Q: Massam works for a company that is having a hard time competing in the market. Massam really wants…

A: Massam wants to make his career in marketing. Marketing is all about understanding the consumer…

Q: Jack plans to expand his firm 6 years from now so he plans to make quarterly deposits of P100,000 in…

A: Quarterly deposits = 100,000 Number of years deposit is made = 5  Semi - annually compounding rate =…

Q: The following figure represents the Marginal Abatement Cost curves of two paper towel factories:…

A: MAC1 = 6-1.5E1  MAC2 = 6 -0.75E2 Limit of emission 6 tons

Q: If Real GDP in the previous period was $15,840 billion, the economic growth rate is ________% in the…

A: In contrast to the nominal GDP growth rate, the real economic growth rate adjusts for inflation when…

Q: A fall in the price of cucumber from $3.50 to $2.50 per bag increases the quantity demanded from…

A: The degree to which the effective desire for commodity changes as the price(P) of that commodity…

Q: The consumers in the economy buys only two general types of products: Apples, and Bananas. Price…

A: The consumer price index (CPI) measures changes in the general level of prices of goods and services…

Q: 10. Price elasticity of supply in the short run and long run The following graph shows the short-run…

A: Price elasticity is quite possibly of the most key, fundamental economic idea any business owner or…

Q: K The cost of a nation's market basket in the base year is $1,200, and the current year's price…

A: Price index measures the overall price level of market basket of goods and services.

Q: In the diagram to the right, we have five different combinations of movies and books. Combination A…

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

Q: K Suppose you are given the following information about a country: What is the total unemployment…

A: Unemployment rate is the number of unemployed who are willing to work and are actively looking for a…

Q: Consider the following cash flow:   A1=−900   A2=−1,100,   A3=−1,300   A4=−1,500.…

A: Given the cash flow schedule Period Cash flow 0   1 -900 2 -1100 3 -1300 4 -1500…

Q: Suppose in the market for tickets, Demand is given by Qd=100,000-100P. Suppose producers can…

A: The consumer surplus is the difference between what they are willing to pay and what they actually…

Q: It would be efficient and possible for this economy to produce? dryers A) 60 dryers and 50 washers.…

A: The given curve in the graph is production possibilities frontier that shows different combinations…

Q: David works in a clothing factory. Currently, his firm pays him $40 per hour and he works 35 hours…

A: Given the following information: Firm pays wage = $40 per hourNumber of hours work = 35…

Q: 31 A city engineer has estimated the annual toll revenues from a newly proposed highway construction…

A: Given  Annual toll revenue from highways is given by  An=$2,000,000n1.06n-1 Where n=1,2,3,.....20…

Q: A) True or false: The marginal utility of good 1, that is, MU1, must be diminishing in x1. B) True…

A: 1) Solution: True Explanation:  The marginal utilities of good 1 will be calculated as: MU1 = ΔU/…