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Suppose we have a random sample with 8 observations: x1=-2, x2=x3=-1, x4=x5=x6=0, x7=3, x8=8. Then density function of x is given by
\(p(x)=0.5e^{-|x-\mu|}\)
Find the maximum likelihood estimator for u.
Explain how does your organization go about estimating its sales. How does it estimate the demand for new products so that it can prepare a production run.
Assume we refused to sell goods to any country that reduced or halted its exports to us.
Discuss the evolution and responsibilities of the Federal Reserve System. What circumstances promulgated both the development and composition of the system.
Why the characteristics of the labor marketplaces should result in the same wage rate for all jobs requiring the same level of abilities and skills.
Plot aggregate demand and long run aggregate supply curves. Show aggregate demand schedule.
Aztec depends heavily on advertising to sell its products. Management at Aztec is allowed to spend $2 million monthly on advertising-What is Aztec's elasticity of demand for advertising?
Suppose that the town council needs to raise $300,000 in revenue and decides to do this by taxing the cigarette market. What should the excise tax be in order to raise the required amount of money?
Assume that businesses purchase a total of $100 billion of the 4-resources from households. If households receive $60 billion in wages, $10 billion in rent, and $20 billion in interest,
Based on the Federal Housing Finance Agency house price index, United States housing prices declined throughout 2008 and 2009.
What feature in this example leads to the result that you don't need to know the amount of taxes collected by the government to find the equilibrium?
Explain how did the economic policies of developed countries after the second world war differ from their policies after the first world war? the "policies referred to here are those which most directly affect international trade.
Illustrate what are the production elasticities of demand for labor, capital (trucks) and energy. What type of returns to scale is consistent with the above production function.
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