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Question: 1. Explain in your own words why swing weights produce meaningful weights for evaluating alternatives.
2. A decision maker is assessing weights for two attributes using the swing-weight method. When he imagines swinging the attributes individually from worst to best, he concludes that his improvement in satisfaction from Attribute A is 70% of the improvement from swinging Attribute B. Calculate kA and kB.
3. Explain in your own words why the lottery method works to produce meaningful weights for evaluating alternatives.
If college education generates a positive externality, show graphically the social loss associated with the private market outcome of college education. Are there any interventions that would be useful to address the externality
List specific changes that Apple has made to its Code of Conduct in recent years. Provide at least one example of each change.
Consider the market for chocolate. The market supply curve is given by Q=2P. Let Mary's demand curve for chocolate be Q=3-P and Bob's demand curve is Q=6-P. Suppose Mary and Bob are the only consumers of chocolate in this market. Graph Mary's dema..
The demand for energy in the United States is often stated as persistently non-cyclical and not sensitive to both prices effects. Given such characteristics, explain the effect of each of the following on the demand or supply for gasoline.
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Alice and Bob are trapped on an otherwise uninhabited tropical island. They survive by picking coconuts and catching fish. Each works 10 hours per day. If each devotes 5 hours per day to each activity, this table describes how much of each goo..
identify and discuss two ways in which cross-functional teams could be useful in developing new products or completing
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Which of the following is most likely to lead to an increase in the value of the dollar?
The production function is: Q=ALaKb. Show that the isoquants for this production function are convex. (Show that MRTS diminishes as L increases. Why?) Derive the equation for the long-run expansion path
how does a government budget deficit affect the economy? identify two periods in recent history in which the united
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