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What are the advantages and disadvantages of adding indexes to a database tables?
Describe a situation where the presence of multicollinearity would not necessarily be a bad thing. Explain your rationale. Describe a situation where multicollinearity would definitely be a bad thing and recommend remedial measures for the situation ..
Sam’s utility function is U(x1, x2) = 2x1 + x2, where x1 is the number of units of good 1 he consumes per week and x2 is the number of units of good 2 he consumes per week. Sam has $200 a week to spend. If he belonged to the club, he could buy good 2..
To compare levels of production from different years, the appropriate measure to use is:
What are the four main points of difference in terms of utility, value, rationality, and equilibrium between the classical and neoclassical schools of thought?
What is the difference between economic profits and accounting profits, and how does this difference matter for actual business decisions?
In the aggregate expenditures model, it is assumed that:
Scores on the SAT verbal test in recent years follow approximately the N(515, 109) distribution. How high must a student score in order to place in the top 5% of all students taking the SAT?
Research job boards for project manager positions. Take note of the various industries that hire project managers. Then, research statistics from the project management institute on the rate of success of projects in different industries including..
Suppose that the citizens of Hungary can purchase all the oil they desire at the going international price. If the Hungarian government levies a tax on oil, who bears the burden? Illustrate your answer wit h a supply and demand diagram.
Price discrimination: Shooting Star Books is a small publishing company that specializes in science fiction books. Assume that the marginal cost and average variable cost of printing books is $0 per book, and there is not fixed cost. The annual deman..
A decrease in the investment rate: Suppose a country enacts a tax policy that discourages investment, and the policy reduces the investment rate immediately and permanently from s to s'. Draw a graph showing how output evolves over time (put Y_t on t..
"I did a little calculation, and I figured that it costs us about $28.75 for every fish that you catch because you usually catch about 20 fish per trip. Besides, I always end up having to clean them. We would be much better off buying ready-to-c..
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