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Perform a t test on the slope coefficient and the intercept of the educational attainment function fitted using your EAEF data set, and state your conclusions.
Now suppose future spending increases are not inevitable and that, as a practical matter, you believe Congress will spend whatever revenue it collects. Would you still recommend tax smoothing?
To develop a domestic computer industry, the government prohibits imports of computers and gives a single local firm the right to produce and sell computers. The demand curve shows the local demand for computers.
Output Fixed Costs AFC Variable Cost AVC Total Cost ATC MC 1 $50 50 $30 30 $80 80 2 $50 25 $50 25 $100 50 20 3 $50 16.66666667 $80 26.66666667 $130 43.33333333 30
a product comes with a 3-year warranty. repair costs are expected to average 3500 per year beginning in year 4. the
Equation (7) in Section 20-5 tells us that inflation differentials, interest differentials, and depreciation rates are all approximately equal
What is the probability that Medco Construction will be in violation of their construction contract and what is the probability that they will not be in violation?
the construction time for a bridge depends on the weather. the project is expected to take 250days if the weather is dry and hot. if the wather is damp and cool it will take 350days. otherwise, it is expected to take 300 days.
Suppose the typical Florida resident has wealth of $500,000, of which his or her home is worth $100,000. Unfortunately Florida is infamous for it hurricanes, and it is believe there is a 10 chance of a hurricane that could totally destroy a house ..
What will be the total output produced in the Cournot duopoly game? [Hint: you can either derive the reaction functions and solve them, or use the formula from Section 10.6 of the chapter.]
Suppose that the domestic country wants a money supply level that equalizes the fundamental value of the exchange rate and the fixed rate of 50 crowns per franc. What level of the domestic money supply achieves this goal?
Suppose the consumption function is C = $400 billion + 0.8Y and the government wants to stimulate the economy. By how much will aggregate demand at current prices shift initially (before multiplier effects) with: ( a ) A $50 billion increase in go..
Externalities-analysis and policy design: Suppose that in a competitive market, demand is given by the equation P = 600 - Q, and supply is given by the equation P = 160 + Q, where P is price and Q is quantity of some good or service.
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