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1. Distinguish between theorems and precepts. Is it possible for two economists to agree about theorems but disagree about precepts? Why or why not?
2. What is the difference between normative and positive statements?
Calculate the switching speed for CMOS and n-MOS inverters fabricated by the process described in Problem 16.12 when the average length of interconnect that each inverter drives is 60 pm (Le., m = 40) and when the thickness of the oxide under the ..
Estimate a multiple regression model of the kind reported in equation (7.37), but add age2, urban, and the three religious affiliation dummies. How does the esti- mated effect of having electricity compare with that in part (iii)? Is it still stat..
Indicate the type of opinion you would render under each of above set of circumstances. Give reasons for your decision.
Now suppose world relative demand takes the following form: Demand for apples/demand for bananas = price of bananas/price of apples.
Distinguish between operating and financial leases. Would you be more likely to use an operating lease to finance a piece of diagnostic equipment or a hospital building?
a tire manufacturer warranties its tires to last at least 20,000 miles or "you get a new set". In its experience, a set of these tires last on average 26,000 miles with a standard deviation of 5, 000 miles, Assume that the wear is normally distrib..
qd=1000-5p mr=200-0.4q marginal cost is constant at $20. The firm is considering quantity discount. The firs 400 units can be purchased at $120 and further units at $80. How many units will the consumer buy in total
Show the original and new budget constraint. What can you say about the bundle Ralph will choose when faced with the new constraint?
Advanced Analysis, let MUa=z=10-x and MUb=z=21-2y, where is marginal utility per dollar measured in utils, x is the amount spent on product A, and y is the amount spent on product B.
What will the multiplier be when the MPS is 0.4, 0.6, 1, ½ and 0 How much of a change in theeconomy will result if businesses increase their level of investment by $8 Billion and the MPC in the economy is 4/5 and ifit is 2/3
If Maruti Udyog is assumed to work in perfectly competitive market, then draw the graph of losses and also explain the features of perfectly competitive market.
A frim determines that X units of its product can be sold daily at P dollars per units per day is C(x) =120-1/2p and where the cost of producing X units per day is C(X)=10+30x A) Assuming that the production capacity is 40 units per day, determine..
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