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Collecting primary data is a lengthier, more expensive, and more complex process than collecting secondary data. To gather primary data, researchers use sampling procedures, survey methods, and observation. All the elements, units, or individuals of interest to researchers for a specific study are known as:
a. Sampling
b. A sample
c. A population
d. Probability sampling
e. Nonprobability sampling
In the long run, a monopolistically competitive firm produces a quantity that
Two firms, A and B, each with a marginal cost of $50, form an oligopoly whose market demand is P = 650 ? 10Q. If the market is defined by Cournot competition, what quantity will they produce and what price will they charge?
?Assume you are an analyst with an online university say UOP. The Admissions Director (AD) wants to determine the optimum number of students for each ECO561 class. You are provided with the following data: Tuition is $1250 per student. what is the ne..
Compare the two cases and summarize the effect of collateralization on the other terms of the loan. Does it increase or decrease the welfare of the borrower and the lender.
As soon as she graduated with an enginering degree and started working, Jamie bought a car for $40,000. A down payment of $10,000 was paid by her dad as graduation gift. The rest of the amount was financed with Generous motors at 3% nominal interest ..
Explain the impact the law of diminishing marginal returns has on both marginal cost and average total cost - with the aid of a diagram explain the long run average cost curve and the influences upon it.
Why is a nation's real interest rate more important for international investors than the nominal interest rate? Explain the relationship between a country's interest rate and its exchange rate.
How much principal will be paid (subtracted from the balance) and interest will be paid in each payment on a $10,000 loan with a 6 year term at 5% yearly interest? Assume yearly payments. Build a table showing year, interest due, total owed, payment,..
For each of the following cases, what is the expected impact on the total revenue of the firm? Explain your reasoning.
Public goods are difficult to provide in the private market because they have the characteristics of:
The market for physiotherapists is competitive. Chiropractic services and physiotherapy services are substitutes. Currently the price per visit is $40 and the quantity utilized is 30,000 visits annually. Physiotherapists face stiff competition from c..
"Explain why unemployment is always equal to zero in a competitive labour market with perfect information. provide two economic mechanisms to explain why we observe positive unemployment in the world when there is imperfect information"
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