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Imagine you come back to your economics class in the year 2050. How will the textbook describe money and banking? Based on trends you see today, make a prediction for the future of money. Explain why you think this trend will occur and how it will affect the US economy.
discus how your MBTI results fit with your personal strategic plan which ones are true / false of personality? find your preferred ethics and explain the theory behind the approach? Now we are going to evaluate how our personal ethics approach as mea..
You operate a small but popular and profitable restaurant/bar in a college town. There are several other restaurants and bars nearby. You have conducted a market research study and discovered that the price elasticity of demand for local residents is..
Suppose that there are 100 identical firms in a market. Each firm has a short-run marginal cost and average variable cost functions given by. Determine the supply function of each firm. Determine the market supply function. Suppose that the market de..
If the demand for a product is unit-elastic, a 25 percent increase in its price will result in: a. no change in quantity demanded. b. a 25 percent decrease in quantity demanded. c. a 25 percent change in total revenue. d. a 100 percent change in quan..
A life-insurance salesman spends 9 hours a week on the telephone soliciting new clients. From past experience, the salesman estimates that each hour spent calling students, blue-collar workers, and professionals will produce the following number of a..
1. Develop a simple regression model with paint sales (Y) as the dependent variable and selling price (P) as the independent variable. a. Show the estimated regression equation.
Discuss how you see econometrics being used in business or economics. Provide examples from what you found in the e-Activity to support your response. Imagine you are an economic advisor to the Chairman of the Federal Reserve Board, and he asks you w..
q.problem 1 use 2 goods to construct a production possibilities curve. explain what a variety of different points on
A typical firm in a perfectly competitive market has a cost structure described by the equation: C = 25 − 4QF + Q2F where QF is measured in thousands of units. Using the profit-maximizing condition, P = MC, write an equation for the firm’s supply cur..
Presently the theater advertises 125 times per week. Assuming this is the only theater in town, and its marginal cost, MC, is equal to zero, Determine the profit maximizing ticket price for the theater.
Pendleton Construction, Inc., Please answer the following questions about this case.. 1. As Henry Royce, which specialty fabrication supplier would you select for the newly awarded megaproject? 2 Explain your choice in detail. 3 Regardless of your ch..
A firm's production function is qi = .2*Ki.2Li.4. The wage rate in this area is w = $15, and the cost of capital is r = .05. a. Find the firm's short run cost function, if Ki is fixed at $100,000. b. If the good is exported around the world at a pric..
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