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By the numbers . Find out how the price index for health care services has performed compared to the overall consumer price index for the past 20 years. Graph both series. What has happed to health care costs compared to other consumer spending? What does this imply for the US debate on health care?
Define inflation. Assume that you live in a simple economy in which only three goods are produced and traded: fish, fruit, and meat. Suppose that on January 1, 2007, fish sold for $2.50 per pound, meat was $3.00 per pound, and fruit was $1.50 per ..
a. Find the IRR (Internal Rate of Return) on the incremental cash flow. For an MARR (Minimal Acceptable Rate of Return) of 15%, which one would you select b. Calculate the present worth on total investment for MARR = 12%(Minimal Acceptable Rate of ..
In a large city it was found that summer electricity bills for single-family home followed a normal distribution with standard deviation $100. A random sample of 25 bills was taken. a. Find the probability that the sample standard deviation is less..
What Gimbo most enjoys for dinner is eating fig leafs (F) and to accompany his meal with nothing better than an Arak (A) drink on the rocks. His utility function is represented by this equation : U=33(F)(A^2). Gimbo has $100 to spend on dinner dur..
What happens to those factor prices when the price of cloth rises? Who gains and who loses from this change in the price of cloth? Why? Do those changes conform to the changes described for the case with factor substitution?
Characterize the steady-state equilibrium of the world economy and show that the steady state is not affected by this constraint. Explain the intuition for this result carefully.
the parents of a young child decide to make equal annual payments into a savingsaccount with the first payment being
Use an argument similar to that of the proof of Mangasarian's sufficiency result (Theorem 7.5) to show that because the representative household's Hamiltonian in the neoclassical growth model, H (t, a, c, μ), is concave in (a, c) and strictly conc..
For hotdogs, the average fan's MU for units 1, 2, and 3 is 150, 125, and 80 utils. For soda, MU for units 1, 2, and 3 is 130, 100 and 60. For nachos, it's 140, 120 and 100. The average fan spends $25 per night on concessions. Hotdogs cost $5, nach..
What are the key macroeconomic indicators in your country now?
Compare both the classification performance and interpretability of the final model.
what would you expect to happen to outsourcing by American companies? Explain and provide an example.
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