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Question
Conduct a "focus group" about a specific topic of interest to you (e.g., mass transit in your geographical area). This means that you simultaneously interview at least three (but less than a dozen) persons about the topic, and spend at least 15 minutes. Describe who you got to participate (e.g., describe each person by gender, age, economic activity). In what ways would this small sample not be representative of the local population? List the questions you asked and summarize the sample's responses. What did you learn about the topic? What additional information do you now know that you would need to get on this topic?
According to crowding out hypothesis, an increase in ---- will lead to increase---- and later on a crowding out of (a decrease in)------
A monopoly firm faces a demand curve given by the following equation: P = $500 − 10Q, where Q equals quantity sold per day. Its marginal cost curve is MC = $100 per day. Assume that the firm faces no fixed cost. Suppose a tax of $1,000 per day is imp..
a) Find the probability that there are exactly five calls in one hour.
PhilaU Equipment Co. has a CNC machine that was purchased 5 years ago for $150,000 plus $25,000 of installation costs. It has been depreciated as a MACRS-GDS 5-year property class. It has an estimating remaining life of 8 years. O&M costs were $10,00..
During this course, you have compiled a marketing plan for your fictional start-up company. Share the most important part of the marketing plan
Carbon tax: Suppose the government imposes a carbon tax on oil production. Will this affect the supply or the demand for gasoline? Why? Which determinant of demand or supply is being affected? Show graphically with before and after curves on the same..
Suppose that there are 100 identical firms, each with the following technology: f = K^1/4 L^1/2. Suppose also that in the short run K =1,with r = 1, and P = 4. For the short run: Calculate the MPL and each firm's demand for labor. Calculate each firm..
Elucidate how much does the gardener receive. How much does the customer pay. How much does the government receive as tax revenue.
the standard product of labor is 6 flutes per day also the marginal product of labor is 8 flutes per day.
Two laws that affect the operations of labor markets are the minimum wage law and the right to work law. Who benefits and who loses from each of these laws?
A photon of frequency 8.2x10^15 Hz is incident upon a photoelectric apparatus containing a metal whose threshold frequency is 3.6 x10^15 Hz.
Describe the difference in economic profit between a competitive and a monopolistic in both the short and long run. Which should take longer to reach the long-run equilibrium?
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