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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.
Interior Department recently announced that it will increase the entrance fees at Yellowstone National Park in order to increase park revenues.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Suppose that the participation variable, voucher, is completely randomized in the sense that it is independent of both observed and unobserved factors that can affect the test score.
Assume that during the last month of the tenth year of ownership, the property in Problem 2 is sold for 1,500,000. Assume also that the seller incurs transaction costs equalling 6 % of the sales price.
The number of taxicabs in Motorville and the taxicab fares are regulated. The fare currently charged is $5 a ride. Motorville taxicab drivers want to obtain government's permission.
The equilibrium quantity increase or decrease depends on Demand
Discuss industry concentration, demand and market conditions and the pricing behavior of Kodak in the 1990's. Do you think the industry environment is significantly different today.
Imagine that you were the president of an emerging country that is trying to reduce the number of its imports
What are price indexes designed to measure. Outline how they are construed. When GDP and other and other income figures are compared across time periods.
Explain an economy is initially in equilibrium at the natural level. The central bank increases the money supply.
By what percentage would GDP be boosted if the value of the services of stay-at-home spouses were included in GDP
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