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Research at least two articles on the topic of big data and its business impacts. Write brief synthesis and summary of the two articles. How are the topics of the two articles related? What information was relevant and why? provide the references.
Suppose that the most popular car dealer in your area sells 10 percent of all vehicles. If all other car dealers sell either the same number of vehicles or fewer, what is the largest value that the Herfindahl index could possibly take for car dealers..
If aliens come and take a large percentage of our cows what happens in the market for synthetic leather baseball gloves? (Assume a normal competitive market)(Show the graph, label all relevant points, and explain what happens to price and quantity. E..
Suppose a furniture manufacturer is producing in the short run (with its existing plant and equipment). The manufacturer has observed the following levels of production corresponding to different numbers of workers
Does the widget production function exhibit constant, increasing or decreasing returns to scale.
Examine the impact on a small country following an outward flow of immigrants that decreases its labor force. Assume that land is specific to agriculture and capital is specific to manufacturing, while labor is free to move between the two sectors. T..
Explain utility, total utility and marginal utility and the differences between them. Include examples. Explain with examples the law of demand and the demand curve. Explain “the rational consumer, marginal utility and price.
The learning process at many schools is being compromised. Instead of focusing on their education, students are concerned with their appearances. Fashion choices are of higher importance than completing homework assignments and passing tests. School ..
Risk-averse persons sometimes prefer to play some gambles even if they know that those gambles are not fair, i.e., on average people lose by playing them. Which of the following is true for perfect competition but not true for monopolistic competiti..
Illustrate what is the constant term if the equation for the demand curve is written in the form.
Assume that the economy is beginning at equilibrium. There is a supply shock and OPEC has decided to increase production, which lowers the price of oil. What will happen to the price level and RGDP in the short run? Label the original point (A) and t..
A widget manufacturer has an infinitely substitutable production function of the form: q=4k+3L A.) Graph the isoquant maps for q=24, q=48, and q=60. What is the RTS along these isoquants? If the wage rate (W) is $1 and the rental rate on capital (R) ..
Why should this policy be undertaken under conditions where economy is at some GDP level less than full employment level? You may use a long run aggregate supply curve to bolster your argument here.
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