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Read the article "A Right to repair: why Nebraska farmers are taking on John Deere and Apple (Links to an external site.)" (The Guardian 3/6/17) and explain the economic significance of this article. In 2-3 pages (space and a half) you should:
How many people are unemployed according to the Burea of Labor Statistics? What is the unemployment rate according to the BLS?
Third Problem The short-run production function of a competitive firm is given by f(L) = 6L 2/3 , where L is the amount of labor it uses. The cost per unit of labor is w = 6 and the price per unit of output is p = 3. 1. Plot a few points on the graph..
Discuss which economic theories or relationships you have studied up until now (not just in this class – in all your economics classes) that could be estimated using the multiple linear regression model. Explain your rationale. Use the Internet to fi..
Which of the following statements regarding costs under federal awards is not true?
You are the manager of a firm that receives revenues of $40,000 per year from product X and $80,000 per year from product Y. The own price elasticity of demand for product X is -1.5, and the cross-price elasticity of demand between product Y and X is..
Behavioral finance is a brand-new field in analyzing prices in the market. In fact, most of the explanations come from psychological observations of daily lives. Provide a real world example that is not mentioned in class to show that people prefer t..
The practices associated with project success are documented in many books, discussed at conferences, and taught in many courses. If the elements of project success are known and the consequences of failure are so undesirable, why don't more gover..
Briefly define the term or phrase and explain why it is important to (Canadian) Tax Policy.
Assume the demand for lettuce slopes downward-and-to-the-right and the supply of lettuce slopes upward-and-to-the-right. If there is an increase in the supply of lettuce then we would expect the equilibrium price to (decrease / not change / increase)..
Using demand and supply curves, illustrate and explain how the following would affect the equilibrium price and quantity of wood tables.
Describe (briefly) the trends and fluctuations in the unemployment rate in the United States from 1949 through 2013. In which periods was the unemployment rate above average and in which periods was it below average?
You are the chief economist of the County Regulatory Commission. The local cable TV monopoly franchise is regulated. The consulting firm provides the long run total cost and demand function estimates for the franchise: If the franchise were not regul..
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