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A college student is faced with a difficult decision of how to spend one hour tonight. She could babysit her professor's child at an hourly wage of $7, she could work at the college library at a wage of $6, or she could finish her economics homework assignment. If she chooses to complete her homework assignment, she has incurred an opportunity cost equal to:
You are a manager in a perfectly competitive market. The price in your market is $35. Your total cost curve is.
Find the probability limits of W1 and W2. State whether these estimators are consistent or inconsistent. Find Var(W1) and Var(W2). Argue that W1 is a better estimator than Y if ? is "close" to zero for any value of n. (Hint: Compare the Mean Square ..
Why must the total value of expenditures in the economy be equal to total income? Is the value of intermediate goods and services included in GDP? Explain.
1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..
1.Give an example of indivisible inputs for your firm. 2.Discuss the characteristics of a perfectly competitivefirm. Does your franchise firm share any of these same traits? Explain.
Is limitless growth really possible. What forces do you think will be most important in slowing or halting economic growth.
questionnbsp the table shows a banks balance sheet. the desired reserve ratio on all deposits is 5 per cent.assets
How does economic theory contribute to managerial decisions
In effort to decrease excess end of the model year inventory, Oaktown Ford offered a 1 percent discount off the average price of 4WD Escape gas-electric hybrid SUV's sold during the month of August.
There is an old saying, "When in Rome, do as the Romans do." Do you believe that a business should conform to the business and cultural practices of the countries in which they operate, or should they adopt and remain true to the values of their home..
Are there any government regulations that have affected this company's operations domestically or abroad? Explain. Describe the inputs that are used in this company's production function and identify any challenges to securing these inputs.
Your book describes the increase in the money supply as being analogous to giving people more money. If the output of goods and services is not growing at a similar rate, inflation will eventually occur. According to PPP Theory, what will happen t..
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