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Select a good that you are familiar with.
· What are the factors that shift the demand curve for this good?
· What are the factors that shift the supply curve for this good?
· How do you expect the supply and demand of your selected good to change in the next year?
Relate you expectations to the price and quantity of the good in the marketplace.
On the same day, the San Francisco Chronicle had an article with the headline "Sharp Drop in Bay Area Home Sales"
If Live Theaters charges one price to all patrons, what would it be. Illustrate how many customers would it serve.
Assume the two newspapers merge. Illustrate what is the likely post-merger bargaining outcome.
If the economy falls into a recession, the stock's return is projected at a negative 11.6 percent. The probability of a normal economy is 80 percent while the probability of a recession is 20 percent. Illustrate what is the variance of the returns..
Ingrid took a university teaching job as an assistant professor in 1974 at a salary of $10,000. Illustrate what is Ingrid's 2003 salary in 1974 dollars.
The quantity demanded of the resource in each year is given by the equation Qt = 10 - Pt . The marginal cost of extraction is zero.
Insurance agents receive a commission on the policies they sell.
The two firms have the same demand curve P=100-4Q, Marginal cost of Firm 1 is 5 and for firm 2 is 10.
Suppose apples also oranges are substitute. Presume apple growers launch a very successful advertising campaign that convinces consumers apples are a better product.
Illustrate what was the growth rate of the GDP deflator between 1999 and 2000.
The following sets of statements contain common errors. Elucidate and identify each error.
What are the advantages and disadvantages of regression models in comparison to using a computerized regression routine.
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