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Question: The file Cobb_Douglas_us.wf1 contains data for output (Y), labour (L) and stock of capital (K) for the United States. Estimate a Cobb-Douglas type regression equation and check for constant returns to scale using the Wald test.
Toronto charges a property tax rate of 4 percent on commercial buildings while Markham charges a tax rate of 3 percent on the same type of building.
Which economic decision makers determine the demand for labor? What is their goal, and what decision criteria do they use in trying to reach that goal?
Project the effect of national economic conditions regarding trade and specialization business decisions.
Explain how would each economist explain unemployment and what policies would each advocate.
Elucidate why intermediate goods and services usually are not included directly in GDP. Are there any circumstances under which they would be included directly.
What assumptions about a rival's response to price changes underlie the kinked-demand curve for oligopolists? Why is there a gap in the oligopolist's marginal-revenue curve? How does the kinked demand curve explain price rigidity in oligopoly?
Calculate the labor force participation rate for the whole countryand calculate the labor force participation rate for men and woman separate.
1. As you explore various application software, discuss at least one of your preferred application software with the class, why you find the software beneficial, and how your classmates may benefit from the software?
What's it called when one person (or nation) is more productive than another needs fewer inputs or takes less time to produce a good or perform a production task.
1. How many glasses of brandy and cigars are consumed during andevening 2. Now the sum of brandy and cigars consumed in the day isless than or equal 5. What's the optimal consumption under this constraint
When Erika's income increases by 3 percent, her demand for tickets to professional hockey games increases by 6 percent. Erika's demand for tickets is income (elastic/inelastic). For Erika, hockey tickets are (normal/inferior) good.
Four separate cases involving similar fact situations were consolidated as they presented the same constitutional question. In each case, police officers, detectives, or prosecuting attorney's took a defendant into custody and interrogated him in a p..
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