It Is profitable to hire labor so long as the: MPL is greater than wage b. MPL is less than wage C. VMP is less than wage d. VMP is greater than wage.

Q: Does it make sense for Non-farm Payroll Employment (NFPE) to exclude the self-employed?

A: Non-farm payrolls are a summary of the payroll jobs available under the classification of non-farm…

Q: Q14. The labor force was 25 million, working age population was 45 million, the number of people…

A: The economics as a study is based upon the idea that the resources which the economies have with…

Q: is 60% and adult age

A: Given : Labor force participation rate = 60% Adult age population = 200 million To find : Labor…

Q: Josh is a full-time college student who is not working or looking for a job. The Bureau of Labor…

A: UNEMPLOYMENT means that people are searching for job to work at prevailing market wage rate but…

Q: Use information below to compute the actual unemployment rate (U%) and the labor force participation…

A: Labour Force Participation Rate:- It is a projection of the labour force that is actively employed…

Q: In a competitive labor market, when the governmentincreases the minimum wage, the resul t is…

A: The labor market illustrates how the interaction between the employers and the employees determines…

Q: The Bureau of Labor Statistics reported in 2005 that there were 59.98 million people over age 25…

A: Unemployment has been a major problem for most of the economies over the period time. Unemployment…

Q: unted future earnings typ more to assign monetary

A: The terminal worth of a firm additionally should be assessed utilizing one of a few techniques.…

Q: 1. Calculate Real wage and comment who has the higher real wage salary Salary Year Mariam Jude 7500…

A: In simple words we can say that the real wages are known to be as that wages which are adjusted for…

Q: t one: a. labour supply shifts to the left; wage rate increases and level of employment is Ia p.…

A: A decrease in efficiency stunts the GDP or the monetary result in contrast with the quantity of…

Q: Unemployment and the Labor ForceALFRED Il Cvillan Labor Force Participation Rate: 16 to 19 years…

A: Hi, you will be able to see exact value of peaks if you go to AlFred site and use the following…

Q: 18. if job separation and job finding rates are 2% and 20% respectively, average rate of…

A: Hi Student, Thanks for posting the question. As per the guideline we are providing answer for the…

Q: Cieck A ion 14 of 23 Sort the pros and the cons of Employment Insurance (EI). Pro Con Answer Bank…

A: The correct answer is given in the second step.

Q: 80 60 A BDE 60 80 120 Units of labor The firm is currently along isocost CD. If the price of capital…

A: Iso-cost line: The iso-cost line represents the various combinations of labor and capital that the…

Q: Labor Output MPL APL 1 225 300 3 300 4 1140 225 225

A: Marginal product of labor refers to change in the total production due to change in the one unit of…

Q: Question 2 The Bureau of Labor Statistics places people in the "employed" category if they a) All…

A: c work without pay in a family member's business for 20 hours a week.

Q: Eric who previously worked in his family business without pay has now started his own sole…

A: Unemployment refers to people who are employable and actively searching for a job and are currently…

Q: 4- 1-( 3 POINTS)The Bureau of Labor Statistics reported thê Following data for 2005: abor force…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 19. Retired persons are officially classified as: not in the labor force O unemployed underemployed…

A: Labor force is the number of people who are either working or willing to work. Labor force is the…

Q: Number of Number of Workers Surfboards Produced 1 12 21 3 29 36 42 a. If surfboard sold for $30 and…

A: Answer to the question is as follows:

Q: Leo runs a bicycle repair shop. He recently examined information on wage and employment levelsand…

A: The real wages are refers to the nominal wage rates which have been adjusted for inflation

Q: The contraction of sugar industry idles cane cutters while the demand for It workers remain…

A:

Q: using the data below calculate 4. the labour force participation rate 5. the official employment…

A: currently working 23,000 volunteer workers 9845(ages 13-14) looking for work 12,000 (ages…

Q: the labor force population rate measures the percentage of people in the labor force who have a job.…

A: Labor force population measures both employed and unemployed.

Q: What happens to the wage rate as the non pecuniary of a job increase?

A: Non pecuniary benefits are those benefits considered as “non-cash” benefits which are earned by the…

Q: The consumer price index (CPI) rose from 105.9 to 113.4, while Helen's net salary decreased 7.0 %.…

A: Here, given information is, Initial CPI (base year): 105.9 Final CPI (current year): 113.4 Change…

Q: When we calculate the unemployment rate we divide the adult population between the labor force and…

A: Unemployment refers to the situation where the person is willing and able to work but unable to find…

Q: ..........unemployment is unemployment caused by ......... and ...... unemployment caused by…

A: Frictional unemployment refers to the unemployment that arises due to the individual person changing…

Q: It is profitable to hire labor so long as: A. The MPlabon is greater than wage B. The MPlabor) is…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: The output of bakers at The Cheesecake Palace depends on the number of bakers employed. The factory…

A: Hi! Thank you for the question, As per the honor code, we are allowed to answer three sub-parts at a…

Q: Efficiency wage theory suggests that workers will be paid less than their reservation wage. OA. O B.…

A: The markets are the places where the buyers, and sellers interact with each other, and get involved…

Q: is a decrease in the productive capacity of capital so that wages and salaries are instead paid to…

A: *Answer:

Q: Assume that you are 18 years old and deciding whether to go to university or start working. If you…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: 4- 1-(3 POINTS)The Bureau of Labor Statistics reported the following data for 2005: Labor force…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Refer to the employment data for Delmar County. Category Number Adult population 141,592 Unemployed…

A: Given: Adult population=141592 Unemployed=3050 Not in labor force=34508 Employed=95754

Q: 18. Labor unions can lead to: a. an increase in hysteresis. b. an increase in cydical unemployment.…

A: In a labor market, a union can lead to higher wage demand and the employers thus are forced to…

Q: What is the value marginal product of labor if: P= $1o, MPL = $25, and APL = 40?

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: It is profitable to hire labor so long as the: MP is greater than wage a. MP is less than wage VMP…

A: Economics is a branch of social science that describes and analyzes the behaviors and decisions…

Q: Explain the fact that from 1900 to 2009 the female labor force participation rate increased from…

A: Female labor participation rate is  proportion of women in the population who are of working age and…

Q: Population (working age).   240,000    Employed         180,000    Unemployed      30,000…

A: Working age population, employed individuals and unemployed individuals, that all are needed to…

Q: Cheryl graduated from college a month ago and is now without work. She accepted a job that will…

A: Employment rate is the percentage of the labor force that is employed.

Q: Units of Units of MPL VMPL Wage Marginal TR TVC Total Labor Output Profit Profit 11 15 4. 18 a. The…

A: Assuming TVC = TC as there is no Fixed cost.

Q: If the wage is above the equilibrium wage because of a binding minimum wage, the result O cyclical…

A: We have to find  if the wage is above the equilibrium wage  because of a binding minimum wage.

Q: 12. Which of the following can best affect the labour force participation rate? a. Price level b.…

A: Labor force:- Labor force refers to the total of employed population plus total unemployed people in…