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Question: Define the opportunity cost of getting your degree by analyzing what steps and economic factors a potential student must make when choosing to pursue an education. Given your answer, is getting a formal college education worth your opportunity costs? Why?
It should around 3 pages.
What is systematic observation? Why are data from systematic observation primarily quantitative? What is a coding system? Distinguish between event sampling and time sampling.
A monopolist with a straight-line demand curve finds that it can sell one unit at $7 each or seven units at $1 each. Its marginal cost is constant at $6 per unit. A monopolist would produce unit(s) and charge $. A perfect competitor would produce uni..
Find the average salary and average tenure in the sample. How many CEOs are in their first year as CEO? For the simple regression salaryi = βˆ0 + βˆ1ceoteni + ˆei estimate the values of the parameters βˆ 0 and βˆ1.
Suppose that a lottery winner deposit $20 million in cash into her transactions accounts at the Bank of America (B of A). Assume a reserve requirement of 25% and no excess reserves in the banking system prior to deposit.
What is the total surplus when there is no price floor? How much producer surplus when there is no price floor? Show your calculations.
Do you think this intervention was necessary? What are the consequences of this intervention? What might have happened if they had not intervened?
If instead you want simply to reduce consumption and are uninterested in what happens to price, under what assumptions about elasticities should you target user
Weak Coal Prices Hit China's Third-Largest Coal Miner The chairman of Yanzhou Coal Mining reported that the recession had decreased the demand for coal.
Discuss leadership models in one page
as prices increase should health economists advocate giving something up opportunity coststrade-offs? as the quantity
What logistical features of this new 'opportunity' might make it more difficult or less profitable than cigarette smuggling?
a. Explain the decision process for a firm trying to determine the optimal quantity of a factor of production to employ. b. Explain the determination of the optimal level of pollution frrom the perspective of society.
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