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1. Using the concepts underlying the Bid Rent Function, and the role of commuting costs and housing prices, explain tailgating patterns at a typical FSU home football game in Tallahassee. 2. Using the production possibilities frontier and/or pareto optimality, evaluate how trade benefits the Tallahassee regional economy. How might this be different from Orlando? 3. Policymakers in Mumbai and local business leaders believe the city's urban slums are a blight and should be bulldozed because they are inefficient, disorderly, and unproductive. Evaluate this observation within the context of the concepts and material discussed in class. 4. Tallahassee has experienced a resurgence of agricultural production on edge of the city. Many believe this growth is due to rising demand from city dwellers. What does this suggest about the city's urban form using the Bid Rent Function. 5. Local policymakers are encouraging urban growth and development. If Tallahassee is successful in encouraging growth, including revitalizing the downtown area, what are the implications for the rate of change in housing prices closer into the city compared to the outer edges of the city based on the Bid Rent Function? 6. Why is the capitalization rate important in the housing market? How would lower expected rents in the housing market influence the capitalization rate and what would you expect to happen to investment in the housing market? 7. Elected officials in the state legislature are supporting legislation that subsidizes the entertainment industry, specifically film and sports stadiums, because they promote economic growth for cities. Evaluate this claim if the employment multipliers for the sports entertainment, higher education, and aerospace industries are 1.5, 2.3, and 5.0 respectively.
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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