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Discussion Question
Consider a group of documents that has been selected from a much larger set of diverse documents so that the selected documents are as dissimilar from one another as possible. If we consider documents that are not highly related (connected, similar) to one another as being anomalous, then all of the documents that we have selected might be classified as anomalous. Discuss whether it is possible for a data set to consist only of anomalous objects, or if it is an abuse of the terminology? Cite the sources you use to make your response.
The small island of Tap, inhabited by the Tapese people, produces a single variety of corn. At the present time, each farmer produces his or her own corn, harvests it and carries it to the market for sale. On any market day in Tap, you will find m..
Explain the Efficiency of markets, Costs of taxation and Benefits of international trade concepts using the concept of consumer and producer surplus.
How much will this price support cost the government?
Why is U.S. economic growth important to the average American and what is the best way to measure standard of living of the average person: (use unemployment rate, inflation, & GDP in your answer)?
Use a production possibilities frontier graph to illustrate the trade-off to an economy between producing consumption goods and producing capital goods.
the airline market was deeply impacted by the recession of 2008 and by the following slow recovery. describe
A sales person has the following utility function: u(w, ?) = sqrt(w, ?), w is the hourly wage and ? is the number of hours worked in a typical day. This person is choosing between 2 jobs.
Which scenario is the best from an economic standpoint? Are there any other considerations, such as environmental/health/social issues, which have impacted this option and to what extent?
When the unemployment rate is high, we would expect that:
Which of following industries would you classify as an oligopoly? Which would you classify as monopolistically competitive? Explain your answer.
The starting point of many methods for predicting equilibrium strategy in sequential games - An illustration of a non-credible commitment is the promise
A new competitor enters the industry and competes with a second firm, which had been a monopolist. The second firm finds that although demand is not perfectly elastic, it is now relatively more elastic.
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