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Q1. Research the current demand for a good or service of your choice. Collect information that will affect the demand for the good or service. From the activity, develop a regression equation using the data you collected from your research. Use the regression equation to focus the demand for the product you chose for the next three periods. Assess what the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
Q2. Explain the cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output?
expected profit from machine decreases. Rental cost/user cost of capital will decrease when: real interest rate falls. This fully anticipated monetary expansion will cause which of following to occur.
If this is a two-good, two nation model, what would Nation B’s best choice in regards to trade and specialization?
How does anarchy lead to a focus on consensus and give power to veto states and coalitions? How does ecology and sovereignty collide?
How much will computers sales change by if the company increases computer price by $100 from $1,000 to $1,100.
Would company benefit by advertising in this perfectly competitive market. What would happen to price of toothpaste, would it rise or fall. What would happen to profits company makers.
Suppose that the government imposed a $1 tax each time someone used an ATM.
What would be additional revenue per hour obtained if company managed to have 10 doctors overseas on duty at any given time. What would be additional profit if company managed to have 10 doctors overseas on duty at any given time.
The company you work for asks you to recommend whether their Mercedes truck should be replaced now or kept in service for an additional 10 years.
Without using the midpoint formula, can you tell whether demand is elastic, inelastic, or unit-elastic over this price range.
Given a binomial random variable with n = 60 and p = 0.36 find the probability of obtaining between 25 and 35 successes inclusive, to three decimal places.
The consumer is indifferent between B and a lottery ticket with probabilities. Construct a set of von Neumann - Morgenstern utility numbers for the four situations.
What will happen to the domestic trade balance following a devaluation of the domestic currency? Explain carefully the effects during the pass-through period, and be sure to explain why these effects occur.
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