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What exactly is computational economics? For example, does certain software for calculating/predicting/visualizing cost of manufacture falls under computational economics?
q.consider the following demand as well as schedule for bottles of watercost p quantity demand as well as used by
An automotive part must be machined to close tolerances to be acceptable to customers. Production specifications call for a maximum variance in the lengths of the parts of .0004. Suppose the sample variance for 30 parts turns out to be s² = .0005. Us..
how many standard errors it is away from zero. If it is not very far from zero n we might ignore it; if it is far away from zero n we might consider it important. But how far is ‘far'.
The GDP is a total market value of final goods and services produced within a country over time. Why is this a reflection of this country's cost of living so varied making expenditures.
Would the monopolist charge a higher price in market 1 or in market 2? Why? Assume the price charged in market 2 was $10, what would be the price charged in market 1?
how does development of personal computer hardware and software reversed some of the trends brought on by the industrial revolution.
Suppose that the cost of eradicating polio from a society of 1,000 persons is $5 per person. Also suppose that only two persons in that society will benefit from that policy, and the benefit to each of those persons is $2,000. Then what is the social..
If a hurricane strikes Florida, and destroys 20 thousand pounds of oranges, what will the new equilibrium price and quantity be?
Find ticket price that maximizes revenue. Find profit-maximizing expenditure on players and profit-maximizing fraction of games to win.
q.q1. consider two persons ann and bill and two-goodsx and y exchange economy. the total endowment of the economy is
q. suppose there are two consumers a and b. the utility functions of each consumer are given byuaxy xyubx y 2x ythe
Elucidate and illustrate how they will help to improve the GDP as a tool for measuring the well-being of a nation.
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