Structural unemployment of 2 percent seasonal unemployment, Ask an Expert

Economics

Q. If economy currently has a frictional unemployment rate of 2 percent, structural unemployment of 2 percent, seasonal unemployment of 0.5 percent and cyclical unemployment of 2 percent, illustrate what is natural rate of unemployment?

Q. Apples can be harvested by hand or machine. Handpicking yields 40 pounds per hour, mechanical pickers yield 70 pounds per hour. If wage rate of human pickers is $8 an hour and rental on a mechanical picker is $16 an hour, which is more cost-effective?

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Business Economics, Economics

Category:- Business Economics
Reference No.:- M9306869

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