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Using the section on vertical integration vs outsourcing in, discuss the decision to keep fulfilment centers in house and develop their own custom software to run them, rather than outsource these activities. Does it meet one or more of the arguments for vertical integration? What about the risks of VI – does Amazon have reason to be concerned going forward?
Why is economics a science of choices? Explain the kinds of choices confronting workers and employers in labor markets. Distinguish between microeconomics and macroeconomics.
Compared to other countries of comparable wealth, the United States has: Much of the rise in income inequality in the past 20 years in the United States comes from: In the United States and other wealthy countries, a large part of the welfare state i..
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
What statistics and linear algebra book do I need before reading Hayashi's Econometrics? Basics linear algebra book seems too simple for the linear algebra part, and Casealla's statistical inference is missing out detail/too basic for the statistical..
Summarize in words the predictions and limitations of the theoretical framework developed for the first exam: that is the predictions for the effect of capital accumulation.
You are analyzing data for a research project. You have a two-sided two-sample t-test with the following hypotheses being tested: Which of the following results for the confidence interval does not provide enough evidence to reject the null hypothesi..
Which of the following are not included in GDP but probably should be?
There are d democrats and r republicans voting in the US Presidential election. Each person decides whether to vote or not vote. The voters get a payoff of 2,1,0 if their preferred candidate wins, ties, or loses (respectively). Voters that vote incur..
Suppose the cross-price elasticity of demand between goods X and Y is -4. How much would the price of good Y have to change in order to change the consumption of good X by 10 percent?
Suppose a firm's short-run production function is given by Q = F(L) = 10L. L stands for number of workers. If the wage rate is $15 and the firm has sunk costs of $1000 what is the firm’s total cost function? Total cost should be a function of Q.
What would the Consumer Surplus, Producer Surplus, and Total Surplus be for the quantity demanded =1000-P and the quantity supplied =3P-120?
Find the effective interest rate per quarter at a nominal rate of 8% compounded (a) quarterly, (b) monthly, (c) weekly, (d) daily, and (e) continuously?
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