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Determine the four stationary points of the function Z= 2x3 +y3 -18x -12y +50 according to whether they define a maximum, minimum, or saddle point.
Discuss the descriptive statistics of total government expenditures and per capita government expenditures. Plot their histograms and comment.
Suppose a small open economy is characterised by the following equations/information: Y =6K 0 L 1-α K 0 = 30,000 L 0 = 10,000
Profit maximization is theoretically the most sound but practically unattainable objective of business firms. In the light of this statement critically appraise the Baumol’s sales
#what is economics
You are considering a new line of consumer products. You expect revenues of $14 million in each of the next ten years, while expenses are half of revenues (all cash flows are assum
How to test the linear regression?
what are the causes,consequences and remedy of measurement error?
Can you explain the basic introduction of this methodology?
Peter's utility function is u(x, y) = x + 2y where x is the number of ounces of coffee and y is the quantity of sugar in grams. Let unit prices be given by P x = 6 cents, P
1. (a) Consider a perfectly competitive industry that produces a total output of 190 units in the long run. Suppose there are n identical firms in the market. Each firm then produc
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