In the 14th century, Europe experienced a devastating epidemic of bubonic plague. This epidemic was called the Black Death. About a third to half of the whole population in Europe died. This problem studies how the Black Death affected the well-being of those who were lucky to survive the plague.In Europe of that time, labor L and land X were main factors of production. Both labor and land were in fixed supply: everybody capable of working would work in the field. Suppose the supply of labor is equal to L¯ and the supply of land is equal to X¯. The production function takes the form Y = L^(1/2)X^(1/2).
(A) Obtain the equations for the demand for labor and the demand for land.
(B) How do the equilibrium employment, real wage, real rental rate, and output change in responseto the Black Death? Show these changes on two diagrams: the labor market and the land market.1
(C) Let’s look at workers and land owners. How does the Black Death affect income inequality: who loses from the epidemic? Who gains?
(D) (Harder!) Consider the production function in general form Y = LαXβ. Let the reductionin population be 50%. Suppose, on average, wages rose by 90%. What value of α would beconsistent with these observations? Write out an equation you would need to solve to find α
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In Terms Of The Self Examine Your Personal Background And Experiences In An Essa
/in Uncategorized /by developerIn terms of the self, examine your personal background and experiences. In an essay (500-750 words), address the following prompts. Cite two to four scholarly sources to support your claims:
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
This assignment uses a rubric. Please review the rubric prior to beginning the assignment to become familiar with the expectations for successful completion.
You are required to submit this assignment to LopesWrite. Refer to the LopesWrite Technical Support articles for assistance.
Submit the assignment to your instructor by the end of Topic 7.
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In Testing The Difference Between The Means Of Two Normally Distributed Populati
/in Uncategorized /by developerIn testing the difference between the means of two normally distributed populations, if μ1 = μ2 = 50, n1 = 9, n2 = 13, the degrees of freedom for the t statistic equals ___________.
A. 19
B. 20
C. 22
D. 21
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In Testing The Hypotheses H0 40 A H At The 5 Significance Level If The Sample Pr
/in Uncategorized /by developerIn testing the hypotheses H0:π =0.40, : 0.40 a H π > at the 5% significance level, if thesample proportion is .45, and the standard error of the sample proportion is .035, theappropriate conclusion would be:A) to reject 0 HB) fail to reject 0 HC) to reject a HD) fail to reject HaE) None of the above
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In Text Citation Exercise Instructions Correct All Errors In In Text Citation In
/in Uncategorized /by developerthis question is for expertimelda. please see attached fill for more info.
Running Head: IN-TEXT CITATION EXERCISE1 In-Text Citation Exercise Name ProfessorInstitutional AffiliationCourseDate IN-TEXT CITATION EXERCISE 2In-Text Citation Exercise Recently, researchers…
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In Text References Needed Along W Scholarly Referencespost An Explanation Of Hea
/in Uncategorized /by developerIN TEXT REFERENCES NEEDED ALONG W/ SCHOLARLY REFERENCES
Post an explanation of health care disparities in a specific minority population.
Identify three nonbiological factors (e.g., public health policy) that might be associated with health care disparities in the population you selected.
Explain medical social worker roles in addressing the three factors to eliminate health care disparities in the population.
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In The 14th Century Europe Experienced A Devastating Epidemic Of Bubonic Plague
/in Uncategorized /by developerIn the 14th century, Europe experienced a devastating epidemic of bubonic plague. This epidemic was called the Black Death. About a third to half of the whole population in Europe died. This problem studies how the Black Death affected the well-being of those who were lucky to survive the plague.In Europe of that time, labor L and land X were main factors of production. Both labor and land were in fixed supply: everybody capable of working would work in the field. Suppose the supply of labor is equal to L¯ and the supply of land is equal to X¯. The production function takes the form Y = L^(1/2)X^(1/2).
(A) Obtain the equations for the demand for labor and the demand for land.
(B) How do the equilibrium employment, real wage, real rental rate, and output change in responseto the Black Death? Show these changes on two diagrams: the labor market and the land market.1
(C) Let’s look at workers and land owners. How does the Black Death affect income inequality: who loses from the epidemic? Who gains?
(D) (Harder!) Consider the production function in general form Y = LαXβ. Let the reductionin population be 50%. Suppose, on average, wages rose by 90%. What value of α would beconsistent with these observations? Write out an equation you would need to solve to find α
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In The 1920s Jazz Was Popular Among Black Southerners But Failed To Gain Accepta
/in Uncategorized /by developerIn the 1920s, jazz: was popular among black southerners but failed to gain acceptance among white northerners. represented a synthesis of African American music forms such as ragtime and the blues. expressed, among other things, black Americans’ desire to assimilate with the white population. was rarely recorded or performed publicly because of discriminatory laws against African Americans. select the correct statement.
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In The 1930s A Prominent Economist Devised The Following Demand Function For Cor
/in Uncategorized /by developerIn the 1930s a prominent economist devised the following demand function for corn:
p = q1.3
where q is the number of bushels of corn that could be sold at p dollars per bushel in one year. Assume that at least 15,000 bushels of corn per year must be sold.
(a) How much should farmers charge per bushel of corn to maximize annual revenue? HINT [See Example 3, and don’t neglect endpoints.] (Round to the nearest cent.)
p = ____ $
(b) How much corn can farmers sell per year at that price?
q = ____ bushels per year
(c) What will be the farmers’ resulting revenue? (Round to the nearest cent.)
$_______ per year
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In The 1930s The Great Depression Resulted In A A Dramatic Increase In The Emigr
/in Uncategorized /by developerIn the 1930s the Great Depression resulted in
A) a dramatic increase in the emigrants to Canada
B) a major migration from California to the Central Plains
C) an increase in the number of transient people searching for work
D) a dramatic increase in the number of foreign immigrants
E) a significant increase in the birth rate
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In The 1960s Britain And France Decided To Jointly Fund And Build A Supersonic T
/in Uncategorized /by developerIn the 1960s, Britain and France decided to jointly fund and build a supersonic transport that became known as the Concorde. Research the decision to build and fly the supersonic transport Concorde. Then, discuss how the sunk costs and an escalation of commitment affected their decisions. 200 words apa format a reference if possible
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