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Q1. What are the main reasons for people to make non-rational choices? Is there any specific science that study non-linear, non-rational, non-optimal choices?
Q2. Develop a regression equation using the data you collected from your research. Use the regression equation to focus the demand for the product you chose for the next 3 periods. Evaluate the results of the regression equation tells managers and how it is likely to impact decisions made related to maximizing profitability.
Assume that the industry wants to expand and has to make some long-term capital budgeting decisions. Now the industry is confronted with government regulations to oversee the merger.
Compare the supply and demand conditions in both locations. How many people live in each place.
Calculate the cross-price elasticity of demand. Given the elasticity you calculated, did it make sense for supermarket to raise its price.
The vertical long run AS curve compatible with classical economics implies that AD only determines the price level
Suppose a consumer is at an optimum, consuming 6 hamburgers a week at a price of $1.50 each and 10 donuts a week at 50 cents a donut.
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
Explain why the R-squared from the regression from F test will always be at least as large as the R-square from the BP regression.
Compare and contrast the Nielsen rating or a given episode on a TV series with the comments posted about the same show on TOP.
James earned $10,000 in income in his new job in Nova Scotia after the move and his employer paid him $1,000 specifically to cover the cost of the move, but doesn't specify what it can be used for.
What factors influence Under Amour's ability to make an economic profit in the cross-training shoe market.
Elucidate the common kinked-demand model. In the oligopolist's marginal-revenue curve, elucidate the reason for gap. In this model explain how does price rigidity in oligopoly.
Suppose that firm A and firm B can form a joint venture to pursue either or both of their R&D programs.
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