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What is GIS and how is it related to Transportation Economics? What can GIS do to help transportation economists to save money? What impact might GIS have on future projects in transportation?
Suppose that a restaurant offering Ethiopian cuisine opened in a well diversed city. And became a great success. What would you predict would happen in the restaurant market for that city?
Suppose that one must divide $1,000 among 100 students. Which divisions are efficient?
The perfectly competitive company takes the equilibrium value set through the market and maximizes profit through manufacturing where price, which also equals marginal revenue, is equal to marginal cost.
A consumer is in equilibrium when
How does the government assure the public that (1) Banks are operating with "safety and soundness" (2) that their deposits are protected and (3) that banks are not taking excessive risk in lending and investing their funds? (Federal Reserve, FDIC and..
Determine if the demand for the following products is price elastic or price inelastic, or explian how the necessity of a good and the availability of substitutes affect the price elasticity of demand.
Assume a government expenditure of $2216.8 and a net export of -$615.4- determine the equilibrium national income, consumption and investment.
You have been assigned the task of creating a multiple regression equation of at least three variables that explains Microsoft's annual sales. Consider using a time series of data of at least 10 years.
How many units should each plant produce to maximize profit at that price and a perfect competitive firm faces a market price of $10 for its output X
Perform a White test for heteroskedasticity using auxiliary regression
A monopoly has produced a product with a patent for the last few years. The patent is going to expire. What will happen after the patent expires?
Assuming that the market for raw meat is perfectly competitive, what would be the impact of government policy that tightens requirements for quality control by farmers (compliance with the policy requires using additional equipment for the qual..
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