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"Choose two variables you think might have a roughly linear relationship. Gather data on these variables and do the following statistical analysis Make a scatterplotFind the correlationFind the regressive lineDraw the regressive line on the scatter plot
The market for many goods changes in predictable ways ac- cording to the time of year, in response to events such as holidays, vacation times, seasonal changes in production, and so on. Using supply and demand, explain the change in price in each ..
Your company is considering the purchase of a secondhand scanning microscope at a cost of $10,500, with an estimated salvage value of $500 and a projected useful life of 4 years. Determine the straight line (SL) and double declining balance (DDB) ..
What is the market price of fish in Fire Island? How much is consumer and producer surplus?
Find out the socially efficient price, units of output and profits? How much output would a monopoly produce? Find out the price and profits of the monopolist?
Robo-mower will only cut grass within its programmed area and it will avoid flower beds, rocks, sidewalks, etc., while you sit in the hammock, enjoying the summer! An emergency "cut-off" switch brings it to a full stop in one-quarter of a second.
The demand for a specific brand of toothpaste and the demand for toothpaste in general b. The demand for gasoline in the short run and the demand for gasoline in the long run
your company xyz trading also imports attractive products for domestic sales. your new job is to 1nbsphelp grow the
You purchase your home with a $300,000, 15-year fixed, 4.25 % mortgage loan. After 6 years, 72 monthly payments, you are offered to refinance the balance of your loan with a 15-year 3.85 % fixed-rate mortgage. Is refinancing to your financial adva..
Assume you are an aid to a government official planning on some recently proposed excise tax on welfare of her constituents.
a) Assuming no externalities, what is the equilibrium quantity? b) If the product above creates external benefits for consumers of $10 per unit, what would be the optimal quantity exchanged?
Suppose that you are in the short-run and the production function for your firm is given as: F(L,K)=K1/2L1/2 Also, in the short-run capital is fixed at K=16. You also know that the wage rate for workers is w=10, the price of capital r=20 and that the..
question 1 a suppose the income elasticity of demand for furniture is 3 and the income elasticity for doctors services
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