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A score of 898 is the best? (highest) score possible. Thirty-nine percent of the FICO score is based on payment history for credit? cards, car? loans, home? mortgages, and so on. Suppose your current FICO score is 740 and you have just missed a credit card payment due date and have incurred a late payment? fee! If your FICO score will drop 9?% in the? "payment history" category because of the late payment on your credit? card, what is your new FICO? score?
What statistic is designed to detect multicollinearity in a regression model?
Suppose that all wages also prices in an economy are indexed to increase. Explain there can still be an increase tax.
In the long run equilibrium, a monopolistic competitor will produce to the point at which A) actual average total costs are at the minimum of possible ATC B) actual average total costs are higher than the minimum of possible ATC C) resources are used..
Estimating taxable income, tax liablity, and potential refund. Kara hooks is 24 years old and single, lives in an apartment, and has no dependents. Last year she earned $55,000 as a sales assistant for Business Solutions: $3,910 of her wages was with..
A small company sells medical supplies to hospitals. Management wants to assess the efficacy of the company’s advertising, and an analyst has produced the following three regressions: Why is the coefficient on advertising different in the first two r..
Illustrate what is the proper role of unions. Why are they declining in membership and influence in the economy.
A monopolist faces an inverse market demand P(Q) = 200 − (1/2)Q and a marginal cost of MC(Q) = 20 + Q. What is the unregulated monopolist’s optimal quantity? What would an appropriate regulatory instrument to bring this market back to efficiency? Wha..
Donald is a civil engineer with an annual salary of $98,000. He has dividends and interest of $7500 for the year. Total exemptions and deductions are $10,500. Calculate federal income taxes as a person filing single.
Find a news story from the last 12 months that you believe impacted Aggregate Demand or Aggregate Supply. Provide a brief summary of the story and then explain why it impact AD or AS. Was it positive or negative impact?
Suppose Mayor Strange comes to you and asks you whether or not Montgomery should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely claim ..
Define and explain the relationship between total revenue, average revenue, and marginal revenue for a monopolist. What is monopoly profit? Should a monopolist produce quantities of product greater than that which would maximize profits?
In the specific-factors model, an increase in the price of the manufactured good will cause:
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