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The demand curve for product X is given by QXd = 360 - 2PX.
a. Find the inverse demand curve.
PX = - QXd
b. How much consumer surplus do consumers receive when Px = $45?
c. How much consumer surplus do consumers receive when Px = $30?
I have a time series set of data of workers in motor vehicle industry from 1972-2001 as well as average weekly hours of workers in motor vehicle industry
What are externalities? What are positive and negative externalities? Give examples of Positive and negative externalities and give a brief introduction about your chosen merit good and explain the role of government in providing this merit good to..
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The presence of autocorrelation leads to all of the following undesirable consequences in the regression results except:
In the name of Simon Kuznets is the concept that the relationship in GDP and inequality is nonlinear. Kuznets hypothesized three phases in economic development.
Identify whether the variables in your model suffer from non-stationarity. Discuss the possible implication of non-stationarity for your model and how this problem could be addressed.
Estimate simple linear regression models for both the raw data and the logs, estimating both the intercept and the slope.
As a natural experiment to estimate the effect of education on receivings, a researcher compares schooling and educational attainment of two groups of people.
If a random variable X is distributed chi square with n degrees of freedom then the expected value of X is n. Show that this is true.
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Refer to Table For a firm operating in a competitive market, the marginal revenue is $0. $7. $14 $21.
How do the government bureaus different from private companies discuss why is there good reason to believe that bureaucrats will seek to supply more than efficient level of their output in any year?
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