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Design a program for a cafe that will allow a user to gather some customer market research data. When a customer places an order, the clerk will ask for the customer's age and zip code. The clerk enters that data as well as the number of items the customer orders. The program operates until the clerk enters a zero for the zip code at the end of the day. At the end of the day, the program will display the following:
travel, or home improvement projects. For the sake of analytical tractability we will measure vacation travel, T, in units of four-day trips, and we will measure home improvement, H, in units of two-day projects, but we will also assume that Pat c..
What is the settlement technique in which a neutral third party listens to both sides and then imposes a decision that is legally binding for both the company and the union.
How is it possible to provide causal explanations using the purely logical constructions of mathematical economics?
Describe by what percentage would a 10% rise in the price reduce the quantity demanded, assuming price elasticity remains constant along the demand curve.
Use the partitioning idea of quicksort to give an algorithm that finds the median element of an array of n integers in expectedO(n) time. (Hint: must you look at both sides of the partition?)
For each of the following examples, explain how and why a monopoly would try to price discriminate. a. Air transport for business people and tourists b. Serving food on weekdays to businesspeople and retired people. (Hint: Which group has more flex..
Explain how much profit will the perfectly competitive firms earn. How much profit will the monopoly firm earn.
How do providers influence the decisions that patients make? What type of decisions do patients make as a natural consequence of the influence from providers and physicians?
Some politicians have suggested that the U.S. enact a constitutional amendment requiring that the federal government balance its budget annually. Explain why such an amendment
Assume first that Apple were to sell only 4GB iPods after all,they cost the same and some consumers prefer more than less. What is the optimal price for a 4GB iPod.
"Technlogogical advances make the manufacturing of mobile phones much cheaper for manufacturers. Incomes are rising slightly, and mobile phones are a necessity good. From this information we conclude that the price of mobile phones must go up"
Brazil’s president, Dilma Rousseff, and her finance minister, Guido Mantega, are attacking the U.S. Federal Reserve for aggressively buying bonds and driving the exchange rate of the dollar down
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