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Suppose there is a river on which are located several micro breweries, each of which discharges pollutants into the water. Suppose somebody invents a new technology for treating this waste stream that, if adopted by the breweries, could substantially diminish emissions. What are the impacts of this invention on
(a) the actual level of emissions and
(b) the efficient level of emissions?
Overheard at water cooler: My regression model of demand is better than one that the consultant prepared for us because it has a higher R2.
A firm uses two variable inputs, labor, L, and raw materials, M, with typically shaped isoquants. It pays $20 per hour for L and $5 per unit for M. At the current mix of L and M, the marginal products of L and M are: MPL = 20 MPM = 4 Is the firm m..
Suppose that an oil well is expected to produce $100,000 of oil during its first year. What would be the present worth of the anticipated revenue stream at an interest rate of 10%, compounded annually over the next 5 years
Suppose changes in the age structure of the workforce meant that full employment in 2002 was actually associated with an unemployment rate of 4.5 percent rather than the 5 percent figure used earlier. Recalculate the output costs of the recession...
Create a graph for the period 1999-2009, showing GDP growth rates and the interest rate. Was the EU in a recession in 2001? How did the ECB react to the economic slowdown in the early 2000s?
Show that the model can be estimated using only the inner products K(xi , xi ‘ ) = h(xi), h(xi ‘)). Hence the kernel property of support vector machines is also shared by regularized linear discriminant analysis.
Suppose your market research leads you to conclude that there are two distinct groups of consumers interested in the PCC, restaurants and homes. You determine that each has a different demand curve.
calculate the demand elasticities for the shifted points.
The initial price of cup of coffee is $1.00 and at that price, 400 cups are demanded. If the price falls to .90, the quanity demanded will increase to 500. a) calcuate the (arc) price elasticity of demand for coffee
Calculate the inflation rate in the CPI and create a scatterplot that has the unemployment rate on the X axis and the inflation rate on the Y axis. Does your graph look anything like a Phillips curve? Try to do the same for another country. If you..
If you want to raise as much money as possible, would it be better if the text of that section men- tioned that your school is #3 in the nation in sports or that you are better than 99% of other schools at sports
Create a log-linear model using the data as well. What is this function? Use the MWD test to decide which model is more appropriate. Predict output using a standard linear model. What is the function?
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