Fill This Form To Receive Instant Help

Help in Homework
trustpilot ratings
google ratings


Homework answers / question archive / 1

1

Economics

1.Consider a hypothetical economy in which the total number employed is N=20210 and the current unemployment rate is 6%. Also, suppose the job finding rate in this economy is f=0.38 and the job separation rate is s=0.02.

1. How many people are unemployed in this economy?

2. What is the natural rate of unemployment?

3. how many people are frictionally and structurally unemployed

4. how many people lost their job in the current period

5. how many people found a job in the current period

2.what happens to the natural rate of unemployment in response to the following events? Explain

1. the government cuts unemployment benefits

2. the number of teenagers participating in the labor market increases by 20%

3.The following table describes the market for waffles in Pawnee, Indiana. Price Quantity Demanded Quantity Supplied 0 $0 150 $2 130 40 $4 110 80 $6 90 120 Use the information in the table to answer the questions below. Please enter your answers as numbers and not words. For price please enter your answer as a whole number (ie. 8 not "Eight" or "Eight dollars"). For quantity please enter your answer as a whole number as well (ie. 60 not "Sixty" or "Sixty waffles"). What is the equilibrium price for waffles in this market? What is the equilibrium quantity for waffles in this market?
Thinking about the market for waffles from the previous question, describe what would happen to the equilibrium price and quantity for waffles if the following events occur. Treat each event as a separate occurrence. In other words these events are not happening at the same time. For each question simply write "up" or "down" in the answer box. Any response other than "up" or "down" will result in an incorrect answer. Event 1: There is a shortage of maple syrup causing the price to rise significantly Will the equilibrium price of waffles go up or down in response to an increase in the price of maple syrup? Will the equilibrium quantity of waffles go up or down in response to an increase in the price of maple syrup? Event 2: A study reveals that people who eat waffles at least once a week live longer and have fewer health problems. Will the equilibrium price of waffles go up or down after this study is released? Will the equilibrium quantity of waffles go up or down after this study is released?

4.Give 5 examples of how our sensory system can be used as a stimulus for marketing and advertising

2. How Reference Group influence the members?

3. Define and briefly explain the four factors that influence consumer’s buying behavior

4. Why do you think it’s important to understand consumers their wants, needs and, especially the reasons behind understanding consumer behavior?

Option 1

Low Cost Option
Download this past answer in few clicks

2.89 USD

PURCHASE SOLUTION

Already member?


Option 2

Custom new solution created by our subject matter experts

GET A QUOTE

Related Questions