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1. Surveys, observations, experiments, and tests are both sources of secondary data and qualitative in nature.
True
False
2. Census data, syndicated data, journals, and magazines are both sources of primary data and quantitative in nature.
3. Focus groups and interviews are both sources of primary data and qualitative in nature.
4. Gifts are examples of contracts. true or false
Describe, in details how a perfectly competitive industry determines the price and quantity. Also, explain the role of /te firm in this market regarding price and quantity determination. Show your answers utilizing a graph for the market as well as t..
Suppose that a golf club is designing a two-part tariff pricing mechanism in order toincrease profits. Suppose there are two types of golfers, mad-golfers and normal-golfers
Your manufacturing company is currently producing just enough of its best-selling Awesome Gadget X to me this year’s demand. The fore cast for the next year is in, and its demand is expected to double (1 million new units per yr.) and stay at this le..
Suppose that Drexenture, a new consulting company, has the following production function: q=2c+4e+.5c*e where q is the number of reports produced, c denotes the number of fresh college graduates, and e denotes the number of experienced consultants. W..
Business Week recently declared, “We have entered the Age of the Internet” and observed that when markets for goods or services gain access to Internet, more consumers and more businesses participate in the market. Use supply and demand analysis to p..
Substantive responses use theory, research, and experience or examples to support ideas and further the class knowledge on the discussion topic.
Why did the federal bond backing provision and the ability of national banks to hold reserves at other banks encourage nationwide bank runs and financial panics during the National Banking System?
The Keynesian model and the AD/AS model are similar in many ways and different in many ways. Show, in a few diagrams, how the slope of the AS curve affects the accuracy of the Keynesian model’s predictions about the results of an increase in autonomo..
In theory, “Giffen good” is a good for which the demand curve is upward-sloping, which violates the law of demand. Please provide at least one example as a Giffen good and explain briefly why the demand curve is upward-sloping
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
Why Benefits in the Short Run? Suppose a country is about to open its markets for trade. In the short run , you would rather be in an industry with s comparative
Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin 12 months ago at a cost per share of $35. The initial margin requirement on this stock is 60 percent and the maintenanc..
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