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A quality control inspector chooses a part to be tested. The part is then declared acceptable, repairable, or scrapped. Then another part is tested. List the possible outcomes of this experiment regarding two parts.
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
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.
Design a simple econometric research project
You are attending the yearly shareholder's meeting of PIC firm. A fellow stockholder points out that manager of PIC received $100,000 last year, while the manager of a rival company, CUP Enterprises, earned only $50,000.
Multiplicative decomposition method
Walt Disney World Theme Parks offer tourists a wide variety of ticket options. The one thing these ticket options have in common is that they entail a fixed entrance fees and permit consumers to take as several rides as they wish at no additional cha..
The following table is the pay off matrix for zero sum game. Estimate the each players dominated strategy of the following zero sum game?
Determine when a competitively produced product generates negative externalities in production, the industry will,
You have given the following data about the amount your firm can manufacture per day given the number of workers it hires.
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
The local operations manager for IRS must decide whether to employee 1, 2, or 3 temporary employees. He determine that net revenues will vary with how well taxpayers comply with new tax code.
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).
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