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Consider a scoring rule in which the preferred option is given one point and all others none.
a. Show that this need not select the Condorcet winner.
b. Demonstrate the scope for false voting.
If the reserve ratio is lowered to 8%, what is the money multiplier and what is the maximum amount of money created by the same $5000 deposit, In a t-account show the bank balances for a $5000 deposit with a 10% reserve ratio. What is the money mu..
Investors know for sure that the CEO of firm A will undertake an investment that will yild $100 million profit next year and then $2 million each year after that for 10 years. They also know for sure that the CEO of firm B will undertake an invest..
A recent survey of 50 executives who were laid off from their previous position revealed it took a mean of 26 weeks for them to find another position. The standard deviation of the sample was 6.2 weeks. Construct a 95 percent confidence interval f..
The demand curve for the new computer game, Rock and Roll Trivia, is given as follows Q= 200 - 5P - .1Pc - .5Pd + .2A -I, What is the price elasticity of demand
There are various estimates for the amount of jobs saved by the federal government's stimulus plan the American Recovery & Reinvestment Act (ARRA) of 2009. (a) According to the Council of Economic Advisors' report from January 2010.
Now, test H0: f2 = 0, f3 = 0, and f4 = 0 in the model Price = f0 + f1assess + f2lotsize + f3sqrft + f4bdrms + u The R-squared from estimating this model using the same 88 houses is .829. iv. If the variance of price changes with assess, lotsize, sqrf..
in a survey of 15 accountants, 10 favored present-value accounting, 6 favored a shortening of the allowable depr. period and 3 recommended no change. suppose one of the accountants involved in the surevey is selected at random.
Based on the information below about the production structure, explain whether the technology used demonstrates constant returns to scale (CRS) or increasing returns to scale (IRS) property. The labor cost of production of Q units of a good is give..
Use this approach to discuss the convexity of the indifference curves for the following three functions.
A company is considering replacing a painting machine purchased 9 years ago for $700,000. It has a market value today of $40,000. The unit costs $350,000 annually to operate and maintain. A new unit can be purchased for $800,000 and will have annu..
For tests of balances, what are the major account balances in the balance sheet need to be examined. Why are these tests important?
Regress the logarithm of expenditure on your category on LGDPI and the logarithm of the relative price series. Give an economic interpretation of the regression coefficients and perform appropriate statistical tests
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