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A securities analyst claims that, given a specific list of 6 common stocks, it is possible to predict, in the correct order, the 3 that wil perform best during the coming year. What is the probability of making the correct selection by chance?
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1's elasticity of demand is -4 while group 2's is -6. Your marginal cost of producing the product is 50. A determine your op..
Illustrate what are some advantages of a unionized organization. What are some disadvantages.
Recent data reveals that the price of balsamic vinegar and the quantity of balsamic vinegar consumed have decreased. Which of the following would cause an unambiguous decrease in the quantity of balsamic vinegar
Suppose that imports depend not only on potential GDP, but on short-run GDP as well. That is, the imports equation can be re-written to include a new parameter n-bar that relates imports to short-run output. Derive the new IS curve.
State the essential difference between the classical and Keynesian schools of thought. If you were a public policymaker and received conflicting advice from a classical and a Keynesian economist, how would you choose Explain.
Watch the movie "A Beautiful Mind". Pay attention to the scene where Nash argues for an optimal equilibrium (the bar scene). Would you say that his "equilibrium" constitutes Nash equilibrium Explain.
Distinguish between private and social costs and use this distinction to explain why the air in cities is so polluted from automobile exhaust fumes. Examine how government can try to correct this externality.
Consider the following production function: Y = AK^aL^(1-a), where Y is units of output, K is units of capital, and L is units of labor. Both A and are constant parameters characterizing the production technology.
Elucidate what happened in the simulation as you increased and lowered spending and income tax rates
1. Discuss your top three resources which are "must haves" for a student in your chosen profession (do not forget to provide the proper references for your classmates' benefit). 2. Why are they important to you as both a student and a professional?
Re-draw a money demand and money supply diagram showing the initial conditions and label as point A and
What motivated the producers of all the individual products in the store to make them and offer them for sale? How did the producers decide on the best combinations of resources to use Who made those resources available, and why
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