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The projected population growth for Country A from the year 2000 to the year 2100, based on a 3.5% growth rate, will cause the population to rise from 30 million to 960 million. Assume Country A is approximately the size of Nebraska, Kansas and Oklahoma taken together and has a similar climate. Considering the calculations of projected population for Country A and what you have learned in this class, would you recommend that the government concentrate on farming or cattle ranching in order to feed this growing population? You must choose only one option. Explain your decision in detail.
Patient volumes for a radiology clinic are observed to have the following time-series data: Monday = 25, Tuesday = 28, Wednesday = 32, Thursday =26, and Friday= 30. Using a 5-day moving average and ignoring weekend volumes, what is the projection for..
In his article, "How Statistics Lie: Unemployment Can be Good for You", Steven Landsburg is arguing that inflation rate calculated simply as rise in price levels is not very informative. Explain the situation in terms of income and substitution effec..
q.auto company comprises small plant that produces speedometers exclusively. its yearly fixed expenses are 30000 and
Suppose that Bill cares only about chai and bagels. Her utility function is U=CB, where C is the number of cups of chai she drinks in a day, and B is the number of bagels she eats in a day. Draw Bills in difference MAP. Set up Bills optimization prob..
A project has cash flows of -$12,000 in Year 1, +$5000 in Years 2 and 3, -$2000 in Year 4, and +$6000 in Years 5 and 6. Find the interest rate of 12%. Find the interest rate that gives a net present value of zero.
Given the following information for November 2010, calculate the amounts of M1 and M2 in November 2010. The amounts are in billions of dollars. Demand deposits, Money market mutual funds, Savings deposits, including money market deposit accounts
A manufacturer of an inspecting and profiling web controller has a capital investment of $200000, a fixed cost of $83000 per year and variable costs of $60 per unit produced. If the product is sold at $90 per unit, determine the breakeven quantity pe..
Government Action. Describe market failures, and explain why market failures lead to government intervention. Describe transfer payments, and explain how this form of government action is supposed to benefit society. How does government action correc..
Conflicting political economic perspectives exist between many nations. Using the United States , Japan, and the former Soviet Union as examples, describe how each nation views capitalism and name at least 2 policy tools used by each to advance their..
GB540 - Economics for Global Decision Makers - Purpose of assignment is to provide you with an opportunity to research and analyse two trading partners of Australia.
Think of another good that you have purchased recently Be specific (e.g. is it breakfast cereal in general or Cheerios cereal specifically). If the price of this item increases, how would this affect the quantity of the good that you consume? Is the ..
Tipping theory, though not new, is in the news lately, in reference to our "recession" (some say "depression"), and how we can get ourselves out of it, whatever we call it. What is tipping theory? If you've never heard of it, you may research the top..
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