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1) Explain the fundamental notion of a variable (data item) x being informative about a variable y. As precisely as you can explain this at an intuitive level (one or two sentences). Give an example of how to calculate the informativeness of x about y, in the case where both variables are binary.
In economic terms, when the wage rate increases we sometimes see the number of hours worked by individuals decrease now.
Which of the following statements are true about inflation?
Three system resources that affect healthcare in the US are: healthcare professionals, technology, and financing. How do these resources affect one another? What specific effects have you seen in the healthcare system as a result of changes in each o..
who operates the industry as a monopoly and seeks to maximize profits from the sale of computers. Elucidate which of the following is a likely consequence of the monopolization of the industry.
What might account for the fact that estimates of effect time lags for fiscal policy often differ considerably across different types of government expenditures?
For retirement planning, you decide to deposit $703 at the end of every quarter and increase your deposit by $36 each quarter. How much will you have at the end of 25 years if the bank pays a nominal annual rate of 6% compounded quarterly?
Some observers maintain that good marketing is mostly an art and does not lend itself to rigorous analysis and deliberation. Others contend it is a highly disciplined enterprise that shares much with other business disciplines.
Lack of a professional business culture in the family run business. Lack of internal controls, particularly over cash handling, monitoring and recording.
Consider a beach that is one mile long and populated by 2,000 people (uniformly distributed). A particular location on this beach is identified by the number x , where 0 \leq x \leq 1 . There are two concession facilities that sell ice cream, Store 1..
Select at least five (5) economic concepts covered in the first four weeks' readings, and discuss the primary manner in which these concepts impact the world of health care economics. Some examples of selected concepts are health demand and supply..
You just won a contest and have been appointed State of CT Tax Commissioner (you might be asking, why did I enter such a contest? :)). Your primary goal is twofold: raise revenue and make the tax code more efficient. You have to decide which goods to..
The government wants to make Medicare benefits available to more people, but to achieve this goal, it needs to make cuts in the existing Medicare budget. Applying the concepts of diminishing marginal utility, the budget cuts should be made for spendi..
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