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Assignment:
Assume you have the following economic data from Country X for a given year:
Using the expenditure approach, calculate the Gross Domestic Product (GDP) of Country X for that year. Explain each component of the equation and how they contribute to the total GDP.
The company seeks to maintain a fleetwide average of 32 miles per gallon. To maximize its fleetwide average contribution (cell E12), how much aluminum should the maker add to each vehicle, and what mix of vehicles should it produce?
ECON 30330 University of Notre Dame what should qualify as illegal discrimination in the NBA's workforce or in the workforce of Newport News Shipbuilding
Normal goods are defined as having a positive income elasticity. We can divide normal goods into two types: Those whose income elasticity is less than one.
You are a leading business executive for the following type of company: Pharmaceutical manufacturer.
Suppose the elasticity of demand is -2.5 and you have a marginal cost of 3.6. Using the optimal mark-up rule, what price should you set?
Discussion: Apple company- Is an environment causing limitations on another? If so, which environments are involved and what are the limitations?
Explain how each of the following is a form of price discrimination. a. a student discount at the movie theater b. long-distance phone service that costs 15 cents per minute for the first 10 minutes and 5 cents per minute after 10 minutes.
The study is a two-factor design examining the effects of two treatment conditions on males and females. Gender (male vs female) is one factor (defined as Factor A in the problem) and this is a between subjects factor (because there are different ..
Describe the business cycle and its primary phases.
Thinking About Thinking
Suppose it is known that the distribution of earnings for government workers is relatively less disperse than that for workers in the private sector. Use the Roy model to explain which type of workers - skilled or unskilled
Consider the competitive market served by many domestic and foreign firms. The domestic demand for such firm's product is Qd=500-1.5P. The supply function of domestic firms is Qsd=50+.5P, while that of the foreign firms is Qsf=250.
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