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Q. Explain how does the empirical rule help to explain the ways in which values in a set of numerical data cluster and distribute?
Q. Suppose that a consumer purchases a combination of product a and b and that the muA/pA=150 and muB/pB=100.to maximize utility, without spending more money the consumer should purchase?
Describe each country's reaction function. Does a Cournot equilibrium exist? If so, find the outputs and prices of crude oil in the two countries.
when buying a car the seller suspects you have an ELASTIC demand
Elucidate how do you find the angle of the ray the isoquants are on. One more unit of capital does the firm no good. Draw the isoquants for this production function.
What is your thought about tracking the U.S. Economy and Unemployment and Inflation.
Explain how do acts of intellectual piracy hurt American companies.
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
Write down the consumer budget constraints when young also when old the consumer lifetime budget constraint the government budget constraint also the market clearing conditions.
Suppose that they are thinking of every specializing completely in the area in which they have a comparative advantage also then trading.
A lump sum of $5.2 million in the first year. Assume the market interest rate will be 6% for all these years.
Describe which market participants you believe benefited from the final court decision and whose interests were harmed.
Why may the effective patent life of a drug be shorter than the legal life. Explain why may the effective patent life of a drug be longer than the legal life.
Compute the elasticity of demand when the price of a deluxe cheeseburger raises $2.50 to $3.00 which causes sales to fall from 175 deluxe cheeseburgers each day to 125 deluxe cheeseburgers each day.
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