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Among the advantages of the _____________ technique of forecasting are ease of calculation, relatively little requirement for analytical skills, and the ability to provide the analyst with information regarding the statistical significance of results and the size of statistical errors.
least-squares trend analysiscompund growth ratevisual trend-fittingexpert opinion
Prove that a diminishing marginal rate of substitution either implies nor is implied by diminishing marginal utility.
Describe the recession we have seen a significant increase in unemployment. Use the model of supply and demand to illustrate what has happened.
What do you think it should have been a good idea for these airlines to cut their frequent-flyer programs in order to earn higher profits.
Assume a country that basically consumes 100 pairs of shoes per hour, all of which are imported. The price of shoes is $40 per pair before a ban on importing them is imposed.
Illustrate what most people do not realize is that what the Fed is actually doing is changing money supply (and not interest rates directly). When money supply changes, interest rates automatically adjust to keep the money market in equilibrium.
Illustrate what are your preconceptions of economics. Do you think economics will be a relatively difficult course.
Examine the contribution that automatic stabilizers play in creating a stable economy.
Illustrate what impact could this have on the level of production and therefore the unemployment rate.
Illustrate what is the cross elasticity of demand among the two brands of widgets.
Pam, having recently graduated from college, is looking to work for 2 years before she enters graduate school. She has received 2 job offers with the following salary structures:
Elucidate the macroeconomic and microeconomic concepts and how they relate to the management of a global organization.
Illustrate what is the least-cost input-combination of labor and capital and how much output is produced with that set of resources.
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