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How do household characteristics influence gender differences in LFPR? Does this vary by econ system?
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ECON 2302 TCC Week 2 Elasticity of Demand Concept Discussion
I've attached the documentation down below which has all the requirements to complete this assignment.
ECON 2302 TCC Week 2 Elasticity of Demand Concept Discussion
I've attached the documentation down below which has all the requirements to complete this assignment.
11 pages
1 Problem Set 2 MSU EC 410 Prof. Ahlin due 2 / 1 9 / 1 5 1 . Consider a country in which Y = 200 K
1
Problem Set 2
MSU EC 410
Prof. Ahlin
due
2
/
1
9
/
1
5
1
.
Consider a country in which Y = 200 K
2/5
...
1 Problem Set 2 MSU EC 410 Prof. Ahlin due 2 / 1 9 / 1 5 1 . Consider a country in which Y = 200 K
1
Problem Set 2
MSU EC 410
Prof. Ahlin
due
2
/
1
9
/
1
5
1
.
Consider a country in which Y = 200 K
2/5
N
3/5
. Assume in this country they save 20% of
their income, population grows at 3% per year, and depreciation of capital occurs at 10% per
year. Use the Solow
model.
a.
Compare the effectiveness of i) a 50% increase in the savings rate (to 30%), ii) a 67% decline
in the population growth rate (to 1%), and iii) a 10% increase in productivity (to 220). That is,
for each, give the percent by which it increases lon
g
-
run average income (
y
*
)
and long
-
run
average consumption (
c
*
).
b.
Give one policy each that could be undertaken to accomplish i)
-
iii).
W
hich
policy has the
greatest impact
on long
-
run well
-
being
(assuming
each policy has
zero costs)
?
2
.
Imagine the fol
lowing goal of Lenin/Stalin at the beginning of the Soviet regime in Russia: to
overtake (i.e. equal) and surpass the world’s industrialized economies in terms of GDP per
capita. To achieve this
Strayer University Monopolistic Competitive Market Structure Discussion
For this week's discussion, the focus will be on examining Porter's Five Forces is a tool for looking at the pressu ...
Strayer University Monopolistic Competitive Market Structure Discussion
For this week's discussion, the focus will be on examining Porter's Five Forces is a tool for looking at the pressure on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm completes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure.
Instructions:
There are two groups of firms below.
Group 1: firms in the retail sector (e.g. Amazon; Wal-Mart; Target; Kohl's; Sears; Macy's)
Group 2: firms in the wireless services industry (e.g. Verizon; AT & T; Sprint/T-Mobile) (this about telecommunication services, not about the sale of phones)
For each group determine and explain if the group is monopolistic competitive or an oligopoly. You need to specify for both in which market structure the firms operate.
Then choose one of the firms from one group. Using Porter's analysis what is the threat to profitability? This would be a great time to expand your research skills by checking out the firm's investor relations page. Use the Research Hub. Go to the ECO550 Library landing page and if you need help, Ask the Librarian to help you find the investor relations page.
Mathematical Economics
Question 1 (6 points)Give an example of each of the following. You can answer this by drawing rough graphs and giving an e ...
Mathematical Economics
Question 1 (6 points)Give an example of each of the following. You can answer this by drawing rough graphs and giving an explanation in one line in each case (3 points).y is function of x, but x is not a function of y.y is not a function of x but x is a function of y.y is a function of x and x is a function of y.In each of the following cases, determine the real roots (if any) (3 points) (i) 2x2 -4x + 6 =0 (ii) x2 -2x + 1 =0 (iii) 2x2 -5x + 2=0Question 2 (9 points)Consider an economy with two sectors - food and manufacturing. Each sector uses labour to produce its output, and labour is mobile across both sectors, so that in aggregate labour market equilibrium, workers earn the same wage in both sectors. The supply of labour in the economy is exogenously given. In addition, food requires land and manufacturing requires capital. These factors are not mobile at all, and their quantities are exogenously given. This model can be expressed in terms of the following equations.1. Lf = a - bw + eT0 a > 0, b > 0, e > 0 2. Lm = c - dw + gK0 c > 0, d > 0, g > 0Lf +Lm = L0Equation (1) describes the demand for labour in food production (Lf), where w is the wage and T is the supply of land. Similarly, equation (2) depicts the demand for labour in manufacturing production (Lm), with K standing for the supply of capital. Equation (3) is the equilibrium condition for the economy's labour market: the total demand for labour should equal the exogenously given supply of labour (L0)Solve for the equilibrium wage using the equilibrium condition. (3 points)Determine the impact of an increase in the stock of capital by 2 units on the equilibrium wage. (2 points) Then find the impact on the equilibrium wage of an increase in the stock of land by 2 units. (2 points) Would the equilibrium wage increase, decrease, or remain unchanged if the quantity of capital increased by 2 units and, simultaneously, the quantity of land decreased by 2 units. Explain your answer.(2 points)Question 3 (7 points)Simplify each of the following expressions. (2 points)(i) (x0.5 + x3/4x-1/4)/x0.25) (ii) x-2x3/2/x1/3 (iii) (x1/4y-2)-3 (iv) (64x9)1/3 (16y)-2Consider the consumer demand function for blueberries: Q = P-aRb Xc where a, b and c are positive constants, Q = quantity of blueberries demanded, P =price of blueberries, R= price of raspberries, and X= consumer income.Suppose the initial values of P, R and X are P0, R0 and X0. Now both P and R rise by 20 percent(X remaining unchanged). Show how demand Q would change as a result? Specifically, would demand rise by more than 20 percent, less than 20 percent, or by 20 percent? Show your work. (3 points)Economic theory tells us that if P, R and X all rise simultaneously by the same percentage, demand Q would not change? In the demand function given above, what condition would ensure this? Explain. (2 points)Question 4 (8 points)Find the natural logs of each of the following economic relationships:α βProduction function in time period t: : Qt = Kt Lt , where K and L are factors of production such thatKt = K0eut, Lt = L0evt, Q is output, and α, β, u, v, L0, and K0 are all constants. (3 points)Revenue function: R= PQ, where P=aQ-b is the demand curve for the product, andQ = [hKu + (1-h)Lu] r/u, where a, b, r and u are constants. (3 points)Present value: V = y/(1+i)n , where V is the present value of a sum of money y to be received n years ahead, and i is the rate of interest. (2points)
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1 Does this mean that, during the 1990s, dot-coms that focused on “hits” rather than revenues or profits had bad business plans? Explain. ...
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ECON 2302 TCC Week 2 Elasticity of Demand Concept Discussion
I've attached the documentation down below which has all the requirements to complete this assignment.
ECON 2302 TCC Week 2 Elasticity of Demand Concept Discussion
I've attached the documentation down below which has all the requirements to complete this assignment.
11 pages
1 Problem Set 2 MSU EC 410 Prof. Ahlin due 2 / 1 9 / 1 5 1 . Consider a country in which Y = 200 K
1
Problem Set 2
MSU EC 410
Prof. Ahlin
due
2
/
1
9
/
1
5
1
.
Consider a country in which Y = 200 K
2/5
...
1 Problem Set 2 MSU EC 410 Prof. Ahlin due 2 / 1 9 / 1 5 1 . Consider a country in which Y = 200 K
1
Problem Set 2
MSU EC 410
Prof. Ahlin
due
2
/
1
9
/
1
5
1
.
Consider a country in which Y = 200 K
2/5
N
3/5
. Assume in this country they save 20% of
their income, population grows at 3% per year, and depreciation of capital occurs at 10% per
year. Use the Solow
model.
a.
Compare the effectiveness of i) a 50% increase in the savings rate (to 30%), ii) a 67% decline
in the population growth rate (to 1%), and iii) a 10% increase in productivity (to 220). That is,
for each, give the percent by which it increases lon
g
-
run average income (
y
*
)
and long
-
run
average consumption (
c
*
).
b.
Give one policy each that could be undertaken to accomplish i)
-
iii).
W
hich
policy has the
greatest impact
on long
-
run well
-
being
(assuming
each policy has
zero costs)
?
2
.
Imagine the fol
lowing goal of Lenin/Stalin at the beginning of the Soviet regime in Russia: to
overtake (i.e. equal) and surpass the world’s industrialized economies in terms of GDP per
capita. To achieve this
Strayer University Monopolistic Competitive Market Structure Discussion
For this week's discussion, the focus will be on examining Porter's Five Forces is a tool for looking at the pressu ...
Strayer University Monopolistic Competitive Market Structure Discussion
For this week's discussion, the focus will be on examining Porter's Five Forces is a tool for looking at the pressure on profits. Specifically, how does Porter's analysis examine the stress on profits from all directions and all dimensions of a firm's environment? You will be applying this tool by specifically looking at the market structure in which a firm completes. You will need to be able to distinguish an oligopoly from a monopolistic competitive market structure.
Instructions:
There are two groups of firms below.
Group 1: firms in the retail sector (e.g. Amazon; Wal-Mart; Target; Kohl's; Sears; Macy's)
Group 2: firms in the wireless services industry (e.g. Verizon; AT & T; Sprint/T-Mobile) (this about telecommunication services, not about the sale of phones)
For each group determine and explain if the group is monopolistic competitive or an oligopoly. You need to specify for both in which market structure the firms operate.
Then choose one of the firms from one group. Using Porter's analysis what is the threat to profitability? This would be a great time to expand your research skills by checking out the firm's investor relations page. Use the Research Hub. Go to the ECO550 Library landing page and if you need help, Ask the Librarian to help you find the investor relations page.
Mathematical Economics
Question 1 (6 points)Give an example of each of the following. You can answer this by drawing rough graphs and giving an e ...
Mathematical Economics
Question 1 (6 points)Give an example of each of the following. You can answer this by drawing rough graphs and giving an explanation in one line in each case (3 points).y is function of x, but x is not a function of y.y is not a function of x but x is a function of y.y is a function of x and x is a function of y.In each of the following cases, determine the real roots (if any) (3 points) (i) 2x2 -4x + 6 =0 (ii) x2 -2x + 1 =0 (iii) 2x2 -5x + 2=0Question 2 (9 points)Consider an economy with two sectors - food and manufacturing. Each sector uses labour to produce its output, and labour is mobile across both sectors, so that in aggregate labour market equilibrium, workers earn the same wage in both sectors. The supply of labour in the economy is exogenously given. In addition, food requires land and manufacturing requires capital. These factors are not mobile at all, and their quantities are exogenously given. This model can be expressed in terms of the following equations.1. Lf = a - bw + eT0 a > 0, b > 0, e > 0 2. Lm = c - dw + gK0 c > 0, d > 0, g > 0Lf +Lm = L0Equation (1) describes the demand for labour in food production (Lf), where w is the wage and T is the supply of land. Similarly, equation (2) depicts the demand for labour in manufacturing production (Lm), with K standing for the supply of capital. Equation (3) is the equilibrium condition for the economy's labour market: the total demand for labour should equal the exogenously given supply of labour (L0)Solve for the equilibrium wage using the equilibrium condition. (3 points)Determine the impact of an increase in the stock of capital by 2 units on the equilibrium wage. (2 points) Then find the impact on the equilibrium wage of an increase in the stock of land by 2 units. (2 points) Would the equilibrium wage increase, decrease, or remain unchanged if the quantity of capital increased by 2 units and, simultaneously, the quantity of land decreased by 2 units. Explain your answer.(2 points)Question 3 (7 points)Simplify each of the following expressions. (2 points)(i) (x0.5 + x3/4x-1/4)/x0.25) (ii) x-2x3/2/x1/3 (iii) (x1/4y-2)-3 (iv) (64x9)1/3 (16y)-2Consider the consumer demand function for blueberries: Q = P-aRb Xc where a, b and c are positive constants, Q = quantity of blueberries demanded, P =price of blueberries, R= price of raspberries, and X= consumer income.Suppose the initial values of P, R and X are P0, R0 and X0. Now both P and R rise by 20 percent(X remaining unchanged). Show how demand Q would change as a result? Specifically, would demand rise by more than 20 percent, less than 20 percent, or by 20 percent? Show your work. (3 points)Economic theory tells us that if P, R and X all rise simultaneously by the same percentage, demand Q would not change? In the demand function given above, what condition would ensure this? Explain. (2 points)Question 4 (8 points)Find the natural logs of each of the following economic relationships:α βProduction function in time period t: : Qt = Kt Lt , where K and L are factors of production such thatKt = K0eut, Lt = L0evt, Q is output, and α, β, u, v, L0, and K0 are all constants. (3 points)Revenue function: R= PQ, where P=aQ-b is the demand curve for the product, andQ = [hKu + (1-h)Lu] r/u, where a, b, r and u are constants. (3 points)Present value: V = y/(1+i)n , where V is the present value of a sum of money y to be received n years ahead, and i is the rate of interest. (2points)
5 pages
Business Strategies And Dot Com Stocks.edited.edited
1 Does this mean that, during the 1990s, dot-coms that focused on “hits” rather than revenues or profits had bad busin ...
Business Strategies And Dot Com Stocks.edited.edited
1 Does this mean that, during the 1990s, dot-coms that focused on “hits” rather than revenues or profits had bad business plans? Explain. ...
4 pages
Foreign Exchange Market
There are some key factors in the foreign exchange market, and all of them bear vital importance. Inflation rates are one ...
Foreign Exchange Market
There are some key factors in the foreign exchange market, and all of them bear vital importance. Inflation rates are one key factor, and it refers to ...
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