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Question: Over dinner, your father mentions that he is considering retiring from real-estate sales. He has found a small retail business for sale, which he is considering acquiring and running. There are so many issues to think about, however, that he has a difficult time keeping them all straight. After hearing about your decision-analysis course, he asks you whether you have learned anything that might help him in his decision. What kinds of issues are important in deciding whether to buy a retail business? Describe how he might use sensitivity analysis to explore the importance of these issues.
A sample of 59 account balances of a credit card company showed a sample mean balance of $1,150 and a sample standard deviation of $200. At a 2% level of significance, test to determine if the population mean balance is significantly different from $..
Derive the expressions for the OLS estimates of the parameters of the simple regression model, β0 and β1
what products and services will interest these new youth markets?bull compare and contrast the micro and
The question is belongs to Economics and it is an essay which explain the correlation between quality, price and quantity. Quantity, quality and price have always been matters of concern for many economists.
Suppose there are two technologies for producing steel. Under technology A, a firm's short-run total cost function is STCa(q)=1/2q^2+100q+10 with SMCa(q)=q+100, and using technology B it is STCb(q)=2q^2+6 with SMCb(q)= 4..
under what conditions will an increase in the price of a product lead to a reduction in total spending for that
This year a nation’s long run equilibrium real gdp and price level both increased. Which of the following combinations of factors might simultaneously account for both occurrences?
What role does competition play in technological development? What role does international trade play in technological development?
describe the circumstances under which a firm chooses a low-cost strategy to attain sustainable competitive advantage.
Should poorer 1rd World nations refuse "models based on economic laws" of universal validity and there are no universal laws. Describe if you agree.
Explain why some central banks have decided to undertake unconventional monetary policy in the form of quantitative easing.
Suppose that the farmer has 100 acres of land and can only grow 500 units of either crop per acre. If the price of water is expected to be $1.8 in 2014, how much water does this farmer consume?
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