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Assume that you are going to start a small business of your own.
Describe the business and, utilizing the concepts of this unit and the earlier units, discuss:
What mobile computing devices do you use now? Does your business require you to change formats? Be creative in your thinking of how m-commerce can be the difference maker in your customer's buying decisions.
suppose the market for a certain pharmaceutical drug consists of domestic united states consumers and foreign
From the perspective of any individual in this population, what is the reduction in the probability of their death in any year from this policy? (Assume everyone in the population uses the road equally. In reality, the fact that this is not true m..
in the text we considered a sequential move game in which an entrant was considering entering an industry in
Michel's cost function for his car is C=y^2+16; where y is the number of cars that Michel can afford. Find the average cost and marginal cost functions. Find the number of cars at which average cost is minimum.
Suppose there is a market for an industrial compound, Weon. This industrial compound is used as an input for production of cleaning agents.
1. assume nail mania advertises in the local newspaper. each day it advertises costs 100. over the past several months
1. Adam Smith favors a policy of laissez faire in managing economic activities. Why? Economics deals with the efficient use of resources? Why? Marginal analysis tends to produce more optimal outcomes when working with scarce resources. How? It is pos..
A market is initally served by a monopoly firm 'A' with demand given by Q=400-P, and marginal costs given by MC=100. Find the monopoly price and quantitty. Now, a new firm 'B' enters the market, and takes A's initial output as given. Find A's profit ..
Suppose A and B choose the amount they spend on the school independently. What is the Nash equilibrium level of the school's quality in Little Society?
The Federal Reserve makes an open market purchase and the change in reserves is the same as the change in the MB. Therefore, the Fed
Suppose we think that the errors {ut} follow an AR(1) model with parameter r and so we apply the Prais-Winsten method. If the errors do not follow an AR(1) model- for example, suppose they follow an AR(2) model, or an MA(1) model-why will the usua..
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