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Question: The CigconsumpNE dataset contains the log demand price, and per capita income variables for the six New England states in wide format. Use that dataset to fit the constant elasticity form of the model for the six states as a seemingly unrelated regression model with surge. Are the meaningful as correlations actions the equations residuals? How do the results differ state by state?
Bush lowered taxes in the 2001 recession and his tax cuts continue. Obama has increased government spending through his stimulus packages. What effect should these expansionary policies have on the AD and AS curves? How should they shift? What should..
Lumberjack Power, operator of a nuclear power plant, is planning to replace its current equipment with some that is more environmentally friendly. The old equipment has annual operating expenses of $6750 and can be kept for 8 more years. The equipmen..
Calculate the marginal revenue product given this information and how many real estate agents will the manger hire if the wage rate is $32,000? Why?
Now suppose the world relative price of a cars is Pc/Ptv=1. A) In what good will each country specialize? Briefly explain why. B) Graph the new world price line for each country in the figures in problem 4, and ass a new indifference curve (U2) for e..
Does advertising improve the economic efficiency of markets from an economist's perspective? Please explain and support your discussion with a diagrammatic model and include any assumptions regarding elasticity in your explanation.
the interest formula shows how interest rate and time are related. it gives you a way of finding one of these values if
supply and demand are foundational concepts in understanding economic theory. whether you are a coffee drinker or not
What is the slope of the production possibility frontier for this country - Does the production possibility frontier for this country represent increasing, decreasing or constant opportunity cost?
In what way the "game theory" can be a useful optimization tool in making pricing decisions by airlines?
revenue at a major cellular telephone manufacturer was 1.4 billion for the nine months ending march 2 up 97 percent
What is the marginal cost associated with two units of production and the law of diminishing marginal productivity
An inverse relationship that was identified is that as the number of treatments increased, the existence of the cancer decreased. What are other inverse relationships you can identify associated with this study?
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