This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: The unemployment rate is 6 percent. If the population is 300 million, and the number unemployed is 6 ... (Read 69 times)

Chelseaamend

  • Hero Member
  • *****
  • Posts: 545
on: Jun 29, 2018
The unemployment rate is 6 percent. If the population is 300 million, and the number unemployed is 6 million and the number employed is 94 million, what is the size of the labor force?
 
  What will be an ideal response?

Question 2

A firm is producing the profit-maximizing amount of output when it is producing where its ________ curve intersects its ________ curve.
 
  A) MC; MR
  B) MC; AVC
  C) MC; ATC
  D) MC; TR


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

scikid

  • Sr. Member
  • ****
  • Posts: 300
Reply #1 on: Jun 29, 2018
Answer to Question 1

The labor force is the sum of the number of employed people plus the number of unemployed people. Hence the labor force equals 94 million + 6 million = 100 million.

Answer to Question 2

A


Chelseaamend

  • Member
  • Posts: 545
Reply 2 on: Jun 29, 2018
Wow, this really help

nathang24

  • Member
  • Posts: 314
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

Each year in the United States, there are approximately six million pregnancies. This means that at any one time, about 4% of women in the United States are pregnant.

Did you know?

There are more bacteria in your mouth than there are people in the world.

Did you know?

Drugs are in development that may cure asthma and hay fever once and for all. They target leukotrienes, which are known to cause tightening of the air passages in the lungs and increase mucus productions in nasal passages.

Did you know?

About 600,000 particles of skin are shed every hour by each human. If you live to age 70 years, you have shed 105 pounds of dead skin.

Did you know?

The term pharmacology is derived from the Greek words pharmakon("claim, medicine, poison, or remedy") and logos ("study").

Tree species richness in North America is correlated with evapotranspiration rate. Tree species richness in North America is correlated with evapotranspiration rate.
Rate of Residential Change, Past Year, in the United States Rate of Residential Change, Past Year, in the United States
The Median Age of the U.S. Population The Median Age of the U.S. Population
How Fast is the World's Population Growing? How Fast is the World's Population Growing?
Poverty and population growth Poverty and population growth
What is the minimum number of straight, continuous lines that are necessary to c What is the minimum number of straight, continuous lines that are necessary to c
Video: Pores and Ion Channels

For a complete list of videos, visit our video library