A monopoly manufacturing company located in Fiji manufactures cosmetic products and employee's 3000 people. 60% is...

 

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A monopoly manufacturing company located in Fiji manufactures cosmetic products and employee's 3000 people. 60% is males while rest is females. 80% females occupy top executive positions while the CEO is a male. 90% of its overall employees are members of the trade union However due to the impact of covid 19, 75% are employed. 25% persons unemployed managed to slowly get absorbed into the job market as follows; For the 1st month 60% of those unemployed managed to find a decent job, from 2nd till 5th months 20% of persons managed to find jobs while on the 6th month everyone managed to find the decent job. a) How many people remained unemployed at the end of the 3rd month? 5 marks b) Unemployment rate decreased from 60% to 20% in 2nd month and in remained the same till 5th month. Discuss 5 marks c) What fractions of persons who are unemployed is "long term unemployed" in that their | unemployment spells last five months or more? 5 marks d) What fraction of unemployment months can be attributed to persons who are long term unemployed? 5 marks A monopoly manufacturing company located in Fiji manufactures cosmetic products and employee's 3000 people. 60% is males while rest is females. 80% females occupy top executive positions while the CEO is a male. 90% of its overall employees are members of the trade union However due to the impact of covid 19, 75% are employed. 25% persons unemployed managed to slowly get absorbed into the job market as follows; For the 1st month 60% of those unemployed managed to find a decent job, from 2nd till 5th months 20% of persons managed to find jobs while on the 6th month everyone managed to find the decent job. a) How many people remained unemployed at the end of the 3rd month? 5 marks b) Unemployment rate decreased from 60% to 20% in 2nd month and in remained the same till 5th month. Discuss 5 marks c) What fractions of persons who are unemployed is "long term unemployed" in that their | unemployment spells last five months or more? 5 marks d) What fraction of unemployment months can be attributed to persons who are long term unemployed? 5 marks

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a How many people remained unemployed at the end of the 3rd month There would be 900 people remainin... View the full answer