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You started the month with 200 large towels in stock. You sold 35 units in both Weeks 1 and 2, 20 units in Week 3, and 40 units in Week 4. What was your overall sell thru percentage for the month?
Fit an earnings function using your EAEF data set, taking EARNINGS as the dependent variable and S, ASVABC, and MALE as the explanatory variables, and perform a Goldfeld-Quandt test for heteroscedasticity in the S dimension. (Remember to sort the ..
Suppose you want to determine the aggregate willingness to pay among students at your school for increasing recycling at the school. How might you do this?
The chief economist for Argus Corporation, a large appliance manufacturer, estimated the firm's short- run cost function for vacuum cleaners using an average variable cost function of the form
Why might the unsafe consumer products argument be a more effective strategy (from the perspective of the importing country) than using tariffs or quotas to restrict imports?
At the end of 1973 Japan had a per capita real output of $14,379. If, on average, Japan's real per capita output grew at a rate of 3 percent per year between 1973 and 1993. What would Japan's output per capita have been at the end of 1993
Jim and Matt allocate their consumption between two goods: hats and bats. The price of hats is $4 each and the price of bats is $8 each. For Jim, the marginal utility of the last hat consumed was 8 and the marginal utility of the last bat was 24
Graph the new long-run average cost curve, and compare its position with the curve in that question.
Suppose an economy's real GDP increased from $300 in 2009 to $400 in 2010. 1.What is the growth rate of its real GDP 2.If the growth rate of real GDP were to continue at the same rate you have calculated, how many years would it take for real GDP t..
If the industry is regulated in a way that requires it to set P = AC, how much will be sold and what will the price be c) If the industry is regulated in a way that requires it to set P = MC, how much will be sold and what will the price be
Suppose that the government taxes (at the new set of prices P'x = 1, P'y = 2 ) the consumer an extra 1/2 dollar for each unit of x he buys beyond 70 units. That is no tax for x =70.
If perfectly competitive firm chooses its level of output so that the price equals marginal revenue, the value of the marginal product of labor will equal the wage rate. True or false?
A minor league baseball team is trying to predict ticket sales for the upcoming season and is considering changing ticket prices. a. The elasticity of ticket sales with respect to the size of the local population is estimated to be about 0.7.
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