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Write an 8-10 page paper in which you:
Develop a theory or hypothesis about some economic relationship.
Based on your theory and research, specify a mathematical model of your theory.
Identify and collect data to test your hypothesis.
Use econometric methods to estimate your mathematical model.
Use statistical inference to draw conclusions to support your theory.
Include at least six (6) references (no more than three years old) from material outside the text(s).
Would you give an example of a microeconomic decision you have made at work or home? What factors contributed to making that decision? Example:
Does it matter whether or not the ceiling is set above or below the equilibrium price - who might benefit from this price restriction?
Anti-inflationary monetary policy might be politically unpopular because it leads to
economists use elasticity to measure consumer responsiveness to changes in the various determinants associated with
A medical device company has a monopoly on a certain class of cardiac implants. Demand for the implants is given by P=28000-5Q and marginal revenue is given by MR=28000-10Q. The total fixed costs for the implants division is 50000 and the marginal co..
How do individual firms in a perfectly competitive industry respond to an increase in the market demand for the product? Would advertising by individual firms in this type of market provide any benefits?
you just won the irish lottery you bought a ticket while you were on vacation in ireland and you just won a 1 million
Select a business in your community with which you are familiar and describe the positive or negative externalities the business is adding to society
dominos pizza is considering entering the marketplace in your community. conduct research about the demographics of
1. for each of the following determine whether it is a private good public good common resource or a club good.a.
a company produces an electronic timing switch that is used in consumer and commercial products. the fixed cost cf is
A driver wishes to buy gasoline and have her car washed. She finds that the wash costs $3.00 when she buys 19 gallons at $1.00 each, but that if she buys 20 gallons, the car wash is free. Thus the marginal cost of the twentieth gallon of gas is:
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