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Provide a general explanation of data trees. Then, select two specific types of data trees and compare them. For this Discussion, you should provide at least one type of data tree that has not yet been posted by a colleague.
Suppose OPEC breaks apart and oil prices fall substantially. Initially, which curve shifts in the aggregate supply/aggregate demand modell In what direction does it shift? What happens to the price level and real ouput (GDP).
How much will this consumer be willing to pay for the product if the firm offering the reliable product includes warranty that will protect the consumer? Explain.
Level of GDP per effective worker and explain whether this economy is following the Golden rule
Which nation has an comparative advantage in the production of tungsten.
You all hear on TV every day or so that the United States customers has been holding up and kept our economy going.
A reporter contacts you to comment on a report that manufactureres of widgets are colluding. You study the widget market and estimate that the elasticity of demand at the market price is about -0.5. What do you tell the reporter about the collusion?
Matthew need eggs (E) and premixed ingredients (I) to produce cake. Every cake needs exactly two eggs and one package of ingredients. When he adds three eggs and one package of ingredients, he still produces only one cake.
Does the Central Bank control all determinants of change in the monetary base?
Explain what is meant by a recombining binomial tree. State the advantage and disadvantage of using a recombining tree [vis-à-vis a non-recombining tree] to model share price movements?
conduct a research review of the published literature and write a concise summary and evaluation of the research that
a. What is John's expected utility? b. What is the actuarially fair insurance premium for full insurance coverage? c. What would John's expected utility be were he to purchase actuarially fair insurance?
In recent business publications, find case study in which changes in the maco enviroment play a major role in influencing a firm's competitive strategy. Contrast this with a second case in which micro factors play a more important role.
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