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Applied Statistic Project Description Students are expected to research and report on the socio-economic issues using the economic / statistics concepts and tools provided in class. Some questions that students may wish to consider, and provide answersto, might include:? Alcohol plays a key role in accidents, homicides and suicides and is among the leading causesof death among teenagers.? Texting while driving: How dangerous is it?? How interest rates can influence saving/spending decisions?? GPA and fun-time - are they correlated?? Is the unemployment rate related to economic environment such as interest rates, stock returns,and the inflation rate?
Qd=160,000-2000P Qs = 40,000+2000P MEC=.0006Qs. Qd is the quantity lots of paper Qs is the quantity supplied and P is the price per lot of paper.
Determine the weekly payment with weekly compounding of interest.
Zelda Industries is the only firm of its kind in the world. Due largely to historical accident, it began producing streganomas in 1985 in a vacant warehouse. Virtually anyone with a degree in college chemistry could easily replicate the firm's formul..
the san diego llc is considering a three-year project project a involving an initial investment of 80 million and the
Lubbock County is planning to construct a bridge across the Rio de Lubbock to facilitate afternoon skiing in the El Dusto Ski Basin. The first cost for the bridge will amount to $6,500,000. Annual maintenance and repairs will amount to $25,000 for ea..
Contrast the rational expectations hypothesis and Keynes' description of expectations. Begin by explaining Muth's hypothesis in detail, and then explain Keynes' view of how people determine their long term expectations of the future. Conclud..
Institutions that tend to foster growth:
Discuss the various ways governments can handle externalities, such as noise from a local airport or a barking dog or building of commercial office space or an industrial building in a residential area?
You are told that 75 cents out of every extra dollar pumped into the economy goes toward consumption (as opposed to saving). Estimate the GDP impact of a positive change in government spending that equals $25 billion.
Your firm research department has estimated your total revenues to be R(Q) = 1,500Q – 4Q2 and your total costs to be 50 + 1.5Q2. (Note that MB = 1,500 - 7Q and MC = 3Q).
Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of: Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is..
An increase in the nominal money supply will shift
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