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Provide an example when it could be appropriate to conduct a time-series or cross sectional data. Discuss the potential problem that may arise with your example and identify strategies for minimizing the impact of the potential problem.
Assuming oranges operate in a perfectly competitive market, use a well-labeled demand and supply model to explain how market equilibrium price of oranges is determined.
Elucidate the process and causes by which each of the following economic events will move the economy from one long-run macroeconomic equilibrium to another. Use the diagrams below, resizing them as necessary.
Illustrate what price should the firm charge to realize the targeted profit. Illustrate what would be its (cost-based) markup ratio.
Illustrate what is the minimum price necessary for this firm to produce any output in the short run.
explain briefly about what kind of supply and demand elasticities for gasoline must be present in the U.S. market.
Suppose the short-run production function is q = 6L^2. If the wage is $12 per unit of labor, then: What is the average variable cost?
how should she reallocate her expenditures between the two goods
the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
How does imposing rent controls affect the number of housing units available to low-income families? Illustrate your response using graphs.
At a separating perfect Bayes-Nash equilibrium, what is the maximum amount of advertising that a restaurant conducts. What is the minimum amount.
What are the advantages and disadvantages of each method. What do you suppose led each company to make their choices.
Compute the minimum rate of interest, and, therefore, the risk premium, at which you would lend $1000 on the informal market. Suppose you are risk-neutral.
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