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Automobile prices are notoriously negotiable, but the limits to negotiation are set by market conditions. How would the negotiating position of a seller, and consequently the markup, change if a car was rare and in high demand? What does this imply about the price elasticity of demand for the car?
describes a measure used to compare two different tests with the same group of participants to see how closely correlated the two sets of scores are with each other. Inter-rater reliability, Test-retest reliability, Parallel-forms reliability, Intern..
Discuss the importance and cost of research and development. Does every drug pay off Is strategic behavior important in this market Is product differentiation important in this market
a examine your y data excluding the hold out period to determine if it needs to be differenced to make it stationary.
over the last 30 years in the united states the real price of a college education i.e. after adjusting for inflation
Why might federal spending on roads, waterways, or national security be less subject to direct expenditure offsets than spending on health care or education? What might account for the fact that estimates of effect time lags for fiscal policy often d..
Consider a long-term debt you currently own (e.g., a mortgage or student loan) and discuss how you would take present value into account when deciding whether you should retire that debt ahead of schedule. Explain your rationale.
unique creations holds a monopoly position in the production and sale of manometers. the cost function facing unique is
Briefly explain the Microsoft case, focusing on precisely how Microsoft was alleged to have violated the Sherman Act? What was the outcome of the case and why was that decision made?
Among the tax proposals regularly considered by Congress is an additional tax on distilled liquors. The tax would not apply to beer. The price elasticity of supply of liquor is 4.0, and the price elasticity of demand is -0.2. The cross-elasticity of
suppose that there are 10 million workers in canada and that each of these workers can produce either 2 cars or 30
a firm has the choice of the following investmentsinvestment a costs 5000 today pays a total of 4000 next year and
A price change causes the quantity demanded of a good to decrease by 30 percent, while the total revenue of that good increases by 15 percent. Is the demand curve elastic or inelastic?
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