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Many colleges are experiencing financial difficulties because of increasing costs of computer maintenance and services. The dean of a college uses data from 1992 to 2011 and estimates the exponential trend model Costt = aebt from the data ln Costt = 8.87 + 0.09 t
(a) What is the computer services cost for 2012 and 2013 based on this model?
(b) What is the model's estimate of computer services cost for year 1994 [this is called Back casting (as opposed to forecasting)]?
(c) If actual computer services costs for 2012 and 2013 are $44,700 and $46,800 respectively, what is the average of the percentage forecasting errors of the model.
Suppose a third project will cost $20,000 today and yield a return of $2,500 a year indefinitely. What is the present value of the project? What is the present value if the interest rate increases to 20 percent?
Analyze the economic impact of current approaches to controlling air pollution to determine which approach is the most effective. Provide support for your rationale.
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How would you describe the complexity of the health industry in terms of workforce, environment, and social expectations? How would a health leader successfully navigate this complexity?
Suppose the consumption function is c = $400 billion + 0.8y and the government wants to stimulate the economy. By how much will aggeregate demand at current prices shift initially (before multiplier effects) with A $50 billion increase in governm..
The RAND (short for "research and development") Corporation is a think tank located on 15 prime acres of seaside property in the center of Santa Monica, California. RAND purchased the land for its offices from the city in 1952 for $250,000.
Short-term loans between banks are called
If the revenue a firm receives is more than the firm's direct costs, but is less than the firm's total costs including all opportunity costs, the firm is experiencing.
compare and discuss realism orthodox liberal and interventionist liberal perspective. provide empirical support and
Describe the microeconomic principles being used
If a firm in a perfectly competitive market experiences a technological breakthrough, A. other firms would find out about it eventually B. other firms would find out about it immediately C. other firms would not find out about it D. s..
This table summarizes the results from an experiment like yours. Compare the outcome under free access with the three outcomes in which the government uses licenses to limit the catch. Roughly how much additional protein is there for the econo..
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