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1. Colleges give financial aid to certain students. Is this price discrimination? If so, should it be against the law?
2. A best-selling horror book, Duma Key by Stephen King, was sold in hardback for $28 when it was first released. One year later, the publisher issued a soft-cover edition for $9.99. What accounts for the difference in price?
3. Does the product differentiation in monopolistic competition make us better or worse off? Why?
Write a model relating the mean milk production, E(y), to the independent variables. Identify and code all dummy variables.
Why are some of the potential benefits of urbanization lost when congestion becomes substantial? What policies are likely to strengthen or weaken the opportunities to take advantage of the economic benefits of cities?
Calculate the percentage change in visits, percentage change in price, and price elasticity of demand using 500 and $50 as the denominator for percentage change calculations. (This calculation funds finds the arc elasticity.)
your company asks you to analyze two mutually exclusive projects for the coming year. project a will have an initial
Jones Company operates within a monopolistically competitive industry. The estimated demand for its products is given by the following inverse demand function P = 1760 - 12Q It finance department has estimated its total cost function as TC = 24,00..
The typical elephant has an expected life span of 60 years. How would its analysis of rent control differ from Frudos? Illustrate with a complete graph.
Why do you think the private sector failed to meet this need? Do you see any drawbacks to government intervention in this area?
Household spending is given by the following equation: C = $100 + 0.70Yd and Intended Investment = $125. (a) Calculate the equilibrium level of income in the economy, and explain why this is the case.
you are interested in estimating the following modely aoa2x2 a2x2uhowever you have detected an exact linear
A random variable X is defined to be the difference between the higher value and the lower value when two dice are thrown. If they have the same value, X is defined to be 0.
Perform a common factor test. If the AR(1) model is rejected, and there are terms with insignificant coefficients in the second regression, investigate the consequences of dropping them.
Ann lives in Princeton, New Jersey, and commutes by train each day to her job in New York City (20 round trips per month). When the price of a round trip goes up from $10 to $20, she responds by consuming exactly the same number of trips.
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