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An article in the Chicago Tribune stated that in 2007, college costs rose faster than inflation and student aid. A report by the College Board found that average in-state tuition and fees at four-year public universities rose 6.6% to $6,185. Fees for private institutions rose 6.3% to $23,712. The published inflation rate for the year was 2.6%.
What would the costs for public colleges have been, if they had increased only by the inflation rate of 2.6% instead of the actual 6.6% increase?
What was the dollar increase in costs above the inflation rate cost?
Gross domestic product (GDP) is an inferior measure of a nation's product because: no allowance is made for the fact that people have to pay taxes on their income. no allowance is made for the fact that people save some of their income.
Suppose you have a sample of body weights from a population of males above 20 years of age. Your sample size is 121 men. Body weights are approximately normally distributed. Your sample mean is 190 pounds, and your estimated population standard devia..
q1. during a coffee-room debate among several young mbas who had in recent times graduated among all one of the young
Assume we have a Hecksher-Ohlin model. There are two countries (US, Mexico) producing two goods (Ipads (I), Jeans (J)). Assume I is relatively capital intensive in production and the Mexico is relatively capital abundant (it’s possible). Answer all o..
Should the antitrust authorities stop more corporate mergers than they currently do? What are some of the pros and cons?
Explain how the raising of short-term interest rates would affect all of the following in the United States: the inflation rate, the unemployment rate, the value of the U.S. dollar, net exports, and U.S. stock markets. Include at least one well-label..
Required all pharmaceutical firms to sell their drugs in a competitive market with no ability to patent their break.
In the case of a perfectly price-discriminating monopoly, there is: On Black Fridays, most retail outlets have major storewide sales. Yet, as one of the busiest shopping days in the United States, one would expect prices to increase, not decrease. P..
Explain how firm could employ computed elasticities in its pricing and marketing decisions. Which of se variables have statistically significant relationships with sales.
Explain how does your graph relate to the other two graphs. What do any of these graphs have to do with price discrimination.
flexibility in the sequence in which products are produced using these functions. Millwood's new layout is an example of the fixed-position layout.
Suppose the market of chocolates is unregulated. That is, chocolate prices go are free to adjust based on the forces of supply and demand. If an excess demand exists in the chocolate market, then the current price must be _____ (higher/lower) than th..
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