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Which example is below would be the best way to measure the variable-weight?
1. Weight in pounds
2. Weight in three groups: under 125 lbs, 126 to 175 lbs and 176 lbs+
3. Normal weight or overweight
4. BMI score below 17, between 19 and 24, above 25
Measuring variables in statistics.
Determine the optimal bundle of x1 and x2 given the stated prices and income using one of the methods we went over in class.
Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a city. Discuss wh..
Consider the following possible schemes for taxing a monopoly: Explain how each of these taxes would affect the monopolist's profit-maximizing output choice. Would the tax increase or decrease the deadweight loss from monopoly?
Suppose the chief marketing officer of Disney used multiple regression analysis to predict gross revenue (y) as a function of television advertising
Lane and Riley are the only two residents in a neighborhood, and they share the same driveway. They would like to have the driveway paved. The value of the paved driveway is $1,500 to Lane and $900 to Riley. Regardless of who pays for the paving both..
To what extent would you factor the opportunity cost of your decision? And what types of trade-offs would you likely face when you make your decision?
In theory the shutdown point is the minimum of the average variable cost. In practice, shutting down a business is more complicated.
How much have global trade and global production (gross national income) grown since World War II? What parts of the world economy have grown fastest in the last 20 years? (Be able to name some countries)
Price Ceilings: Discuss whether you think we should continue to have a zero price for using a freeway. Or should we have transponders mounted on the dashboards of vehicles, as practiced in Singapore, which monitor and track the miles-driven within a ..
The recent merger of US Air with American Airlines received both national and local attention. The U.S. Department of Justice contested the merger on the basis that it would produce harmful monopoly-like behavior in many airline markets. Develop an a..
The interest rate the Fed target is the:
Under free trade, how would a 15% increase in India's productivity in both sectors affect world prices and the real wage in the US and India?
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