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Using quarterly data, calculate the coefficient of variation of detrended personal disposable income, consumption, consumtion of durables, and consumption of nondurables plus services. Comment on the relative variability of these series. To what degree, if any are these data supportive of the permanent-income hypothesis or of the idea that some consumers are liquidity- or borrowing -contrastrained? Explain
Explain and show graphically how this market would be affected if there is an increase in the number of dairy farmers that produce hormone-free milk and at the same time south african consumers choose to be more healthy
Hospital administrators sometimes complain about a "shortage" of nurses. The shortage is the result of a higher wages that occur in the competitive market and could be eliminated if nurses earn wages closer to their MRC.
You will be drafting a power of attorney giving this person the right to act as your "agent" on your behalf for all matters involving the listing, sale and closing of your house. Make a list of the provisions and considerations you want to be cert..
Determine to the extent possible the relative market shares of these firms. Discuss the degree of concentration in the industry using CR4, other n-firm concentration ratios, H-H indices, etc.
A monopolist has two types of customers. There are 100 of TYPE A, who will each pay up tp $10 for a single unit of the good, and 50 of TYPE B, who will each pay up to $8.00.
Describe some healthcare situations in which an agent has taken advantage of a principal.Now describe some healthcare transactions that have not taken place because of fears about asymmetric information. What are some strategies for reducing adverse..
Developing a regression model with Sample Regression Model
Among the 4 principal market structure models, monopoly and oligopoly offer best opportunities for the firm to earn economic profits in the long run. What are some strategies for firm which is earning economic profits to legally sustain them over ..
Defines the price of the imported good as the foreign market price before it is loaded into the ship, train, or plane for shipment to the importing country.
A constant cost, perfectly competitive market is in long-run equilibrium. At present, there are 1,000 firms each producing 400 units of output. The price of the good is $60. Now suppose there is a sudden increase in demand for the industry's produ..
How does a decrease in demand for movie tickets affect equilibrium in the market for movie tickets and what is the marginal cost of producing the second car?
Illustrate the impact of food stamps worth $100 compared to a $100 cash transfer on Joe's budget set b. Starting this month, Joe would receive food stamps worth $100 per month. How much more food would he buy this month if food on average costs $2..
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