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In 1-2 pages, explain the law of diminishing marginal utility and give an example of an opportunity cost you pay personally and another example of an opportunity cost you believe the economy pays because of large military expenditures.
Given a sample of observations on yt and xt what is the most efficient estimator of mu? Is this estimator unbiased? What is its variance? What is the OLS estimator of mu?
The Depository Institutions Deregulation and Monetary Control Act of 1980 did not. Stored value and smart cards are forms of electronic banking. Raising the reserve requirement or the discount rate always decreases the money supply.
Describe the role and function of the International Labour Organization (ILO) Administrative Tribunal. Use the CSU Online Library and other sources to research articles concerning this organization. What makes this organization so important to emp..
the probability of damage between $10,000 and $25,000 to be.12 If the company wants to make a profit of $200 above the expected cots, what should be the price of the policy?
A diminishing marginal rate of substitution implies that indifference curves are
Compute the opportunity costs of going to each concert. Based on the Cost-Benefit Principle, which concert is the best choice.
Show the total and marginal products and indicate at each level of production whether the production function exhibits increasing, constant, or diminishing marginal productivity.
A mineral rights auction is not the same as a common-value auction. An auctioneer is always indifferent between different kinds of auctions. The Dutch and first-price, sealed-bid auctions are strategically equivalent. An English auction always yields..
Suppose the government sets an effective price floor (that is, a price above equilibrium) in the market for oranges and agrees to buy all oranges that go unsold at that price. The oranges purchased by the government are discarded. Illustrate the numb..
How is the effectiveness of team selling demonstrated by the Reynolds team, and what are some of the vantages to this method in this particular case?
Suppose market demand and supply are given by Qd=100-2P and Qs=5+3p. If a price floor of $30 is set, what will be size of the resulting surplus?
Suppose that there are two commodities and a consumer prefers more to less of each good. If the consumer has transitive preferences, can her indifference curves cross?
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