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Ernie and Burt both make pizzas for a living. Making a pizza consists of two tasks: making the crust and applying toppings. Ernie can make crusts at the rate of 30 crusts per hour. He can apply toppings at the rate of 15 toppings per hour. Burt can make crusts at the rate of 15 crusts per hour. He can apply toppings at the rate of 30 toppings per hour. After years of operating separate, one-man shops, they realize they can produce more efficiently by combining operations and dividing the tasks between them. How many more pizzas per hour can they make if they work together and allocate tasks efficiently than they made when they worked separately?
Design a simple econometric research project
Multiplicative decomposition method
The Australian government administers two programs that affect the market for cigarettes.
Solve the forecast model
What are the marginal abatement cost functions for each of the two areas? Calculate the loss in the two areas due to over-control (for the rural area) and under-control (for the urban area).
Explain why this model violates the assumption of no perfect collinearity. Write the t statistic for testing the null hypothesis
What is economics system? What are the types of economics system? Briefly explain each type of economics system by giving examples of nations that are close to each type
Determine when a competitively produced product generates negative externalities in production, the industry will,
Assume a company has the following production function: Q = 100 K.5 L1 . Currently, the company hires 1,000 workers and employs 100 units of capital.
M-commerce also known as mobile commerce is being lumped in with several strategic internet plans. Explain some of the industries that are likely to use mobile commerce and how it is working for them.
Auto Data manufactures custom engineering testing machine. The following 5-orders are currently in the design department:
Briefly discuss the difference between mechanism of an oral or English auction and a Vickrey or second price auction.
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