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Refer to Table 6.3. Find out the rate of growth of expenditure on durable goods. What is the estimated semielasticity? Interpret your results. Would it make sense to run a double-log regression with expenditure on durable goods as the regressand and time as the regressor? How would you interpret the slope coefficient in this case.
Joe quit his job as a salesman where he made $35,000 per year to start his own t-shirt making business. His business expenses are $6,000 per year on rent, $12,000 per year on supplies, and $4,000 per year on part time help.
The only policy tools available to central banks are interest rates and the money stock.
how performance should be evaluated and key ideas on establishing incentive pay and related evaluation frameworks for the organisation
a. The opportunity cost of 1x of moving from combination B tocombination D is 2z. b. The opportunity cost of 1x of moving from combination F tocombination D is 0z. c. The economy can never produce combination F. d. The economy can produce combination..
The demand in the cake market is Qd =500 - 10p and unrestricted supply is Qs = 100 + 10p. Suppose the government imposes a baker's license that reduces cake supply to Q¢s =10p. Calculate the numerical values of the following:a. Price that cons..
Let's evaluate the expected impact of the introduction of overtime pay on hours of work. Consider three cases. First suppose that before the overtime pay is started the optimal choice of hours is 5 hours per week.
A grocery store carries a particular brand of tea tha has the following characteristics: Sales= 8 cases per week Ordering Cost=$10 per order Carrying Charges= 20% per year Item Cost= $80 per case What is the effect on EOQ and total costs if there was..
An auto dealership estimates that its demand curve has an elasticity of 2.78. If it wishes to increase sales by 12%, by how much should it decrease price What will happen to revenue (rise or fall) If instead it raises price by 20%, what is the per..
Are any intermediate goods counted in gross investment?
You are requested to construct a model to predict the effect on the economy of the discovery of new oil reserves. How would you model the discovery? Discuss the number of goods that should be included in the model.
You are the manager of a large automobile dealership who wants to learn more about the effectiveness of various discounts offered to customers over the past 14 months. Following are the average negotiated prices for each month and quantities sold ..
Between October 2004 and 2005, real GDP in the United States increased by 3.6 percent, while nonfarm payroll jobs increased by only 1.4 percent. How is it possible for output to increase without a proportional increase in the number of workers.
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