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2a. Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?2b. What should you do to maximize profits with respect to prices after you acquire a complement product?
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Solve the forecast model
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Design a simple econometric research project
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
The Australian government administers two programs that affect the market for cigarettes.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Determine when a competitively produced product generates negative externalities in production, the industry will,
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Multiplicative decomposition method
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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