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The data contains the price of new and used Taurus sedans. All prices for used cars are from 1995. For example, a new Taurus bought in 1985 cost $11,790 and the wholesale used price of that car in 1995 was $1,700. A new Taurus bought in 1994 cost $18,680 and it could have been sold as used in 1995 for $12,600.
a. Use a visual check to see if there is any relationship between vehicle age and resale values.
b. You want to predict the resale value (as a percentage of the original price of the vehicle) as a function of the vehicle's age. Find an equation to do this. (You should try at least two equations and choose the one with the best fit). Interpret the results.
Currently, boats rent for $500 per day and workers cost $100 per day. Suppose your company decided purchase 12 shrimp boats (Jenny 1 - Jenny 12). These boats are a fixed resource for the firm. Illustrate what is the short run total cost of produci..
Illustrates what the advantage of using capital in the production. Illustrate what is mean by the term division of labor.
Decision makers expect a 6% increase in the money supply; the actual increase is 3%.What is the current price level?
Is this commitment irreversible. Analyze Fiat's entry in term of Ghemawat's framework for analyzing commitment.
Illustrate what will be the effect on the level of checkable deposits.
How will this affect output and unemployment in the long run? c) Use an AS-AD graph to show the transition from the short run to the long run.
Illustrate what is the fed funds rate in the banking system. Explain how the Fed manipulates this rate in order to achieve macroeconomic objectives.
The craft unions electricians, carpenters, other possess considerable power to raise wages than do industrial unions automotive workers, steel workers.
If the exchange rate at the end of the year is 105 yens for a dollar then what would be the inflation rate be in the US.
The company uses an effective income tax rate of 40%, and the after-tax MARR of 15% per year. What is the approximated value of the company's before-tax MARR?
Calculate the deadweight loss from the tax. Elucidate the tax be defensible in spite of the deadweight loss.
What explains that marginal cost increases as production of a product increases?inreasing cost law decreasing average cost property
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