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3 Peru D 02 4 68 10 12 14 Quantity The figure above illustrates the current market for workers in Lima, Peru 1. Without any government intervention, what is the equilibrium wage rate and amount of employment? L 2. Shade and compute the Consumer Surplus (CS) and Producer Surplus (PS). Careful: consumer surplus here is surplus to the FIRMS hiring the workers; producer surplus is the surplus that accrues to the workers supplying their work CS PS 3. If the...
Given the following bivariate data: X =[20, 12, 11, 14, 16, 11, 12, 18, 14] Y= [49, 41, 55, 66, 53, 52, 65, 53, 51] Calculate the proportion of observed variation. (To 4 decimal places)
6. Consider diagram below, which illustrates the market for low skilled labor. $/hr - NWC 2 4 6 8 10 12 14 16 18 Q (thousands of workers) If the government introduces a minimum wage law set at $9 per hour, then, in the new equilibrium, which of the following statements is TRUE? 1. There will be 11,000 workers willing to work who cannot find work, given the wage. II. The number of workers employed will decrease by 11,000. III....
TPrice 38 36 34 32 30 De 28 22 20 18 16 14 12 10 8 De D 80 120 160 200 240 280 320 360 400 440 480 520 560 Refer to Figure 9-5. With trade, consumer surplus is a. $3,240. O b. $6,480. c. $6,760 O d. $13,520. 40
o alaa MR $12 $14 $16 $18 $20 $22 $10 $15 $20 $26 Refer to the above table. Given the demand and cost schedules, what is the profit- maximizing price for this monopolist? $3 $4 $7
In Home and Foreign, there are two factors each of production, land and labor, used to produce only one good. The land supply in each country and the technology of production are exactly the same. The marginal product of labor in each country depends on employment as follows: Number of Workers Employed Marginal Product of Last Worker 1 20 2 19 3 18 4 17 5 16 6 15 7 14 8 13 9 12 10 11 11 10 Initially,...
Groups 2-4 4-6 6-8 2-4 4-6 6-8 8-10 10-12 12-14 14-16 16-18 18-20 f f 102 18 40 24 47 80 21 15 66 Find a) Arithmetic mean b) Median c) Mode d) Differentiate between Arithmetic mean, Harmonic mean, and Geometric mean using 2 applications of each.
1. Given the following physical addresses and value in memory: Val | 16 | 14 | 12 | 10|36 | 34|32 | 30 | 0|40 | 35 | 30 | 28 | 18 | 24 | 20 | 32 | 0|4018|132 | 24 | 54 add 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40 41 42 4344454647 val 8403516 14121222244217 19 2123252716 1513 119700 add 48 49551 52 53 54 55...
Describe the shape of the data distribution 2 6 8 10 12 14 16 18 20 22 negatively skewed symmetric positively skewed linear Question 15 (5 points) Describe the shape of the data distribution. 25
12 10 4 2 4 6 8 10 12 14 16 18 20 All units are centimeters. The object above has uniform density but has a circular void of diameter 5 cm. (a) Find the x-coordinate of the center of mass. (b) Find the y -coordinate of the center of mass. You must show all steps in detail and explain carefuly how you found the center of mass (like you are explaining this to a high school student). (points will...