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What are the quality points that you would check for a spread of appetizers?
Explain Lorenz curve and apply to unequal distribution of income where the top 1% of income earners have disproportional of income. What percent of income is earned by the lowest 20% of the population?
Find the equilibrium price and quantity. If the current price of the good is $100, what is the quantity demanded? What is the quantity supplied? How would you describe this situation? Equilibrium? Shortage? Or Surplus? What would you expect to happen..
Elucidate how many additional watches can be produced by an extra hour of labor.
In the neo - classical model of labor - leisure choice, the representative consumer receives satisfaction from consumption of goods (C) and from the consumption of Leisure (L). Let C be the composite good with price $1 and L determines the number of ..
Draw the opportunity set of a consumer with an income of $1200 who faces prices of Px = 10 and Py = 5. What is the market rate of substitution between the two goods?
Assume that a “leader country” has real GDP per capita of $40,000, whereas a “follower country” has real GDP per capita of $20,000. Next suppose that the growth of real GDP per capita falls to zero percent in the leader country and rises to 5 percent..
Robert Shiller asked a sample of the general public and a sample of economists the following question: "Do you agree that preventing high inflation
What is meant by a dynamic array? What is the advantage of a dynamic array over a regular array?
1. a woman and her son are debating about the average length of a preachers sermons on sunday morning. despite the
What kinds of entertainment and informational videos are you most likely to view? Why? Do you often find yourself viewing marketing videos? Why or why not?
Construct a 99.5% confidence interval for the average amount of Paracetamol. State only the upper limit of this interval correct to two decimal places.
Research and write a 2-3 page paper on the economic impact of globalization on the US the labor market (such as jobs, demand, supply, efficiency, productivity e.t.c). Critically analyze. Support your analysis with body of knowledge.
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