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1.in a short concsie statment relate scarcity, trade-offs, and opportunty cost. 2. List and describe the variables , other than price, thet cause a shift in the supply curve. 3. there are two conitions thet are required for a good yo be a pure public good, If both conditions are present, why won't a private firm provide them? 4. Describe the diffrenece between the short-run and the long-run. 5. Relate the marginal physical product (MPP) to the shape of the marginal cost (MC) curve. < this question needed to be answred by graphing read the oil article above then answer the following questions by explaining and garphing using supply and demand. 1.describe the olive oil market pre-2015 and that what the change to the market is post -2015.(garph)
2.wha will happen to the market for the other oils which are close substitutes? (garph)
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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