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When real estate agents sell their own home rather than a client's, they leave their house on the market for a longer time (10 days on average) and wind up with better a price (2% higher on average). Why?
Suppose the time (in hours) until a machine needs realignment for a manufacturing system to function properly is a Weibull random variable
Now assume you are an astute student of economics (not a hard assumption, we hope). Although all the arguments for restricting trade have their shortcomings, name the two or three arguments that seem to make the most economic sense to you. For each, ..
Reflect on the changes in U.S. manufacturing over the last half century. Why did the United States lose so many jobs? What impact did that job loss have on the U.S. economy and on the economies of countries like China and Mexico that have been the re..
How does the Prisoners' Dilemma apply in the game of Golden Balls?
Let R2unrestricted and R2restricted be 0.4366 and 0.4149 respectively. The difference between the unrestricted and the restricted model is that you have imposed two restrictions. There are 420 observations. The F-statistic in this case is:
Consider a market demand curve that can be expressed as P = 300 - 3 Q. Each of the firms currently serving the market has a total cost function of the form C = 40 q so MC = ATC = 40. There are no fixed costs. If the market is served by a (short-run) ..
An open economy's goods market is described by the following equations: Consumption function: C = a + b(Y - T) with 0 0
The bond pays $60 per year in interest and is selling in the market for $965. It matures in 7 years. Market rates are 10% annually.
Nancy's Notions pays a delivery firm to distribute its products in the metro area. Delivery costs are $36,000 per year. Nancy can buy a used truck for $7,000 that will be adequate for the next 3 years. What is this investment's internal rate of retur..
Evaluate this monitoring system. What would you do differently? Consider the benefits as well as costs of any change you recommend.
If the economy is currently producing 40 units of cotton and 6 units of wheat, then what is the approximate opportunity cost of producing 10 more units of cotton?
What will be the market price per unit of natural gas? (c) What is the marginal cost of the last unit produced by producer 1? By producer 2?
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