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Assignment
Analyzing and understanding data is an important part of decision making. Econometrics is defined as the statistical methods used to analyze data and make informed decisions. For this assignment, you are required to research data related to an economic issue or situation relevant to your organization or a business organization in general. Use the Bureau of Economic Analysis websiteto choose data for this assignment. In addition, review the articles in Topic Materials relating to econometrics. Analyze the data you have selected to determine how to use them to make appropriate economic decisions for an organization. As you are analyzing the data, apply econometrics methods (linear regression, statistical mathematics, nonlinear regression, or another relevant model) to validate data and determine strategies and solutions for the economic data retrieved. Please review the "Sample Econometrics Problem" resource to assist you in completing this assignment.
Write a summary (500-750 words) to discuss your data findings and the proposed solutions generated based on applying econometrics and analyzing the data. You are required to submit the selected data, methods for testing and validating data, and the economic decisions you have established based on analysis of the data.
Prepare this assignment according to the guidelines found in the APA Style Guide, located in the Student Success Center. An abstract is not required.
describe your understanding of externalities by providing an example of a positive externality and a negative
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Assume that the marginal utility of good A is 4 times the marginal utility of good B, However the price of good A is only 2 times the price of good B. Is this point consumer equilibrium? If not, what will occur?
Write an expression for the marginal product of capital for this production function. Do not calculate a numerical value for this, but provide a general equation for MPK.
1. employees at foxconn factories described in the e-activity worked more hours than allowed under chinese labor laws.
What happens to consumer and producer surplus when the sale of a good is taxed? How does the change in consumer and producer surplus compare to the tax revenue?
Imagine a world with two individuals, a rich one denoted by R, and a poor one denoted by P. Both individuals consume gas, and their demands are given by QR = 100 - 0.5P and QP = 60-P respectively, where P is the price of gas, and QR and QP are..
An oligopoly contains N identical firms. The cost function is convex in output. Show that if the firms act as Cournot competitors then as N increases the market price will approach the competitive price.
Tom works a 12 day. 6 hours are no incentive and the rate is $20 per hour. He also completes 16 tasks that are incentive based and rate is $15 per hour. How much did Tom make in his 12 hour shift what is his combined hourly wage?
what macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
The miracle Manufacturing company Short run Average cost Function In 1997 Is AV=3+4Q , Whwer AC is The firms Average cost ($/pound)And Q Is its output rate. A) Obtain an equation For the firms Short-run Total cost function.
In a monopolistically competitive market
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