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Use the following data to calculate: (a) the size of the labour force and (b) the official unemployment rate.Total population 1,500; population under age 15 and institutionalized, 360; not in labour force, 450; unemployed, 69; workers with part-time jobs who are looking for full-time jobs, 30.
Mixed Bundling
Mixed bundling is a marketing strategy where a company offers products both as bundles and individually, allowing customers the flexibility to choose based on their preferences or needs.
Reservation Values
A reservation value is the maximum or minimum price that a buyer or seller is willing to accept in a transaction.
Pure Bundling
Selling products only as a package.
Negatively Correlated
A relationship between two variables where one variable increases as the other decreases, and vice versa.
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