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Discuss ways in which you would develop a performance measurement system for a firm that purchased a supplier of its intermediate goods. What information would you begin trying to preserve? How might you want to represent that information to outside investors?
What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the country? Think of an externality in your community. Explain what type of externality it is. How ..
In a sample of 100 people who have had strokes, the average cholesterol level was 250 with a standard deviation of 40. In order to test the hypothesis (at the 5% level of significance) that the average cholesterol level of people who have had stro..
Illustrate what is maximum amount you would pay for offer of $2,000. Suppose offer was $2,000, but delivery was to be in 2 years instead of 1 year. Illustrate what is maximum amount you would be willing to pay.
If when the price of auto fuel rose from $2 to $3/gallon, households reduced oil usage from 60 gallons a week to 40 gallons per week. What is the price elasticity of gasoline? (Use midpoint calculations, which means use the midpoint between price one..
q1. firm abc measured its mp of labor curve to be the followingmp 4000 - 2l where l is the number of hours of labor
You have a comparative advantage in producing something when you;
How does a government budget deficit affect the economy? Identify two periods in recent history in which the United States has run budget deficits. What were the reasons for the deficits during those time periods?
Making Decisions-Assume that the following variables contain the values shown:
Analyze the major short run cost functions for this firm assuming they are represented by the equations below. Suggest substantive ways in which you may use this information to make production decisions in the short-run and possibly the long run.
Estimate t-statistics for each variable and elucidate Illustrate what inferences can be drawn from m. If R2 of this equation is 0.25, illustrate what inference can be drawn from it.
Price discrimination that can be sustained occurs when. Without insurance price of the drug is $500. Quantity demanded was 1,000. With insurance (Coinsurance rate is 10%) demand increases to 1,400. What is the social loss due to insurance?
Evalute the shape of the indifference curves of the following utility functions and find MRS for each function.
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