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Q1. Suppose your elasticity of demand for your parking lot spaces is -2 and the price is $8 per day. If your MC is zero and your capacity is 80% full at 9 a.m. over the last month, are you optimizing?
Q2. Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Q3. Mason Company always collects rent in advance from its customers. The 2011 income statement for Mason reports rent revenue of $18,000. The related balance sheet accounts for the beginning and end of the year were: Unearned Rent $3,750 on Jan. 1, 2011 and $6500 on Dec. 31, 2011.
When would it make sense for a factory that is losing money to remain in operation
Suppose she is offered a new job that would pay her $15,000 and would bring her earnings high enough so that she no longer qualified for any welfare benefits.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
A county is considering using a piece of park land for one of two alternative recreation projects. Project S would require construction costs of $2 million (year 0) and generate net benefits of $1 million per year for 10 years.
Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.
Suppose that there is a unit mass of consumers who are uniformly distributed on the segment[0,1]. Two firms are located on the line and sell identical products.
Electoral College system take a country named know land that has. Suppose there are 9 small states in know land where each have 1 million people in.
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
What happens to the demand for Sara's sweatshirts in long run. In long run, what happens to Sara's economic profit.
Dependency theory characterizes countries as being either in the center or on the periphery
Use supply and demand model to explain the dramatic rise in the price of a college education.
Each station's objective is to maximize its viewing audience, in order to maximize the station advertising revenue.
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