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There are so many ways to find information. Technology has opened the doors such that one can read another's dissertation from across the globe. There are experts who disagree with each other and yet have evidence to back up their arguments. How can a clinical practitioner distinguish between good research and bad research?
if demand is unit elastic (the elasticity is 1), a 1% price cut increases the quantity sold by 1% and total revenue does not change. the question is: Assume the initial price is 1 and the initial quantity demanded is 1, thus the total revenue is 1..
What are the characteristics of a monopolistically competitive industry? Provide an example of a monopolistically competitive industry.
What policy actions can be taken to put GDP back on target each period?
the oil price shock of 1980 sent gasoline prices sharply higher. coal prices moved in sympathy with oil prices with the
Consider a market for a homgeneous product with demand given by Q = 37.5 - .25P. There are two firms, each with a constant marginal cost equal to 40. a. Determine the output and price under a cournot equilibrium.
What total output must the cartel produce in order to maintain this price and what output will an individual firm be restricted if this price is to be maintained (assume all firms are permitted to produce the same level of output)?
According to the chief engineer at the Zodiac Company, Q = ALf Kf , where Q is the output rate, L is the rate of labor input, and K is the rate of capital input. Statistical analysis indicates that f = 0.8 and f = 0.3. The firm's owner claims the ..
suppose that, during the past year, the price of a laptop computer rose from $2,300 to $2,700 per laptop. During the same time period, consumer sales decreased from 600,000 to 500,000 laptops. Calculate the elasticity of demand between these two p..
Based on your estimate of the Buffalo Bomber's own price elasticity of demand (ignoring for the moment the changes in income and the price of the main competitor's bicycle), would the company be better off increasing prices for the new model year
Provide statistical results by using STATA and interpretations - Topic is Demand for Automobiles: Foreign vs Domestic.
The four-firm concentration ratios for industries X and Y are 89 percent and 62 percent, respectively, while the corresponding Herfindahl-Hirschman indexes are 2,600 and 1,200. The Dansby-Willig performance index for industry X is 0.6
What are the impact and long-run propensities and explain the nature of potential multicollinearity in the explanatory variables when data for marriage and income is observed each month.
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