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Problem
Imagine that you have a program on your cell phone that allows you to walk up to any item in the supermarket and have your phone recognize it and display all the necessary information about the product. The program tells you where and how it is made, and when it is predicted to go on sale next. Does a firm selling goods in this setting need to advertise? Why or why not?
Joan, a sports buff, enjoys playing golf and tennis each week and derives enjoyment according to the utility function.graphically show how the “optimal” consumption bundles are found. Sketch and label the graph.
Calculate the growth rate of real wage per hour between 1992 and 2002 - Calculate the present value of consol and How much does this firm need to borrow in that case?
The City Symphony presents three open-air concerts in the city park pavilion during the spring and summer. Many who attend make donations for symphony expenses, but the donation is not required. Some who attend make no contributions.
what is an externality? provide at least three examples. how does one of the examples you provided affect the market
Why is this? Even if they are legal (they are not in the U.S.), what would make it difficult for the firms to cooperate? Under what circumstances is the cartel more likely to be successful?
A priori, would you expect expenditure on food to increase linearly as total expenditure increases regardless of the level of total expenditure? Why or why not? You can use total expenditure as a proxy for total income.
Why does the AD curve slope downward? Why does the AS curve slope upward? How is the AS/AD graph like a standard supply-and-demand diagram?
Musashi lives in Chicago and runs a business that sells boats
Describe the life-cycle of a frontal cyclone. Draw a diagram if that helps. Describe the weather characteristics (wind, precipitation, temperature) experienced by a city as a mature frontal cyclone passes overhead.
answer the following questions using examples and applications from the readings.nbsp justify your answers using
In the following model: assume that X4 is a perfect linear combination of X2. Show that in this case it is impossible to obtain OLS estimates.
1 suppose that the market for bottled water is perfectly competitive.a. draw the current equilibrium using graphs for
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