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Q1. Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cable demanded?
Q2. Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met?
Q3. for the production possibilities curve involving working vs. outsourcing errands which variable would be on the vertical axis and which on the horizontal axis?
Assume that we care about the average welfare of individuals in Indian villages, i.e., we put equal weight on each individual's utility.
Now? suppose? that? the ?first ?firm? has? a ?capacity ?of ?2 ?and? the? second? firm? has ?a ?capacity ?of ?4.
Which among the equation will you choose for a better demand estimation. Illustrate answer in the language of statistics.
Show a point that is impossible for the economy to achieve. Show a point that is feasible but inefficient.
Assessing the development of the discipline from today's perspective, how would Keynes's impact compare with that of your candidate.
The Texas Transportation Institute at Texas A&M University conducted a survey to determine the number of hours per year drivers waste sitting in traffic.
What performance % would you use to trigger executive bonuses for that year.
To one side maximizing profits evaluate the factors which managers must consider when making judgment to outsource or integrate forwards/backwards considering which factor would be mainly significant for decision-making.
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
Why is monitoring and controlling the project cost important for the success of the project.
Calculate real GDP in each year, and the percentage increase in real GDP from year 1 to year 2 using year 1 as the base year. Next, do the same calculations using the chain-weighting method.
Indicate how Ford's management should use this information to make sound strategic decisions.
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