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A college department must plan the course offerings for the next semester. The education plan requires that at least 20 core courses and 20 electives be offered.
Regardless of core or elective, a total of at least 60 courses must be offered. Each core course counts for 3 units, and each elective counts for 4 units. The program also requires that at least 205 units be offered.
The cost of teaching a core course is $2,600 in terms of faculty salary, and the cost of teaching an elective is $3,000. The goal of the department is to meet the education plan requirement while minimizing the cost of hiring faculty.
microeconomics sectionpart a1. choose two of the following to explain with economic intuition. please be concise.a if
How does the adoption of a tighter monetary policy, like that conducted by Volcker Fed in the early 1980's affect output, inflation, and the real interest rate in the short run? In the Long run?
For the building permit data, estimate both the linear trend model and the constant percentage growth rate model. Which is the better model according to the appropriate statistical measures?
17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal
assume now that people talk about the movies they watch and therefore the willingness to pay for a particular movie is
1. Bill Gates argue that world poverty as we know it can be ended by 2020. What myths has the work of his foundation debunked and can what he has learned work here at home?
Consider a company that uses two inputs. The quantity used of input one is denoted by x_1 and quantity used of input 2 is denoted by x_2.
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Mitchell Electronics produces a home video game that has become very popular with children. Mitchell's managers have reason to believe that Wright Televideo Company is considering entering the market with a competing product.
Suppose that budding economist Buck measures the inverse demand curve for toffee as P = $100 - QD, and the inverse supply curve as P = QS. Buck's economist friend Penny likes to measure everything in cents. She measures the inverse demand for t..
Explain in detail and carefully:The price elasticity of demand for a product is -2.50. Will a shortage (in a primary part that makes up the product) likely increase or decrease the revenues of the manufactures?
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