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You are designing an exam scoring system that you would like to be neutral with regard to guessing. That is, you want students who don't know the answer to a question to have no incentive to guess, but no incentive to leave the question blank, either. If your questions all have four possible answers (a,b,c or d), and a right answer is worth one point, how much should you penalize a wrong answer? Explain.
1.A minimum of three general economic principles related to the recent article not older than six months. 2.Identification of five macroeconomic indices 3.Explanation of the indices e.g., GDP, CPI, and other economic calculations
Juan owns office buildings and rents his buildings to companies in exchange for rent payments. Roberto regularly pays a lawn-care company to mow his lawn. Explain how Juan's income and Roberto's transactions are represented in the circular flow di..
Industries used to make capacity, production, inventory and staffing decisions based on long-range forecasts.
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
Imagine a person's utility function over two goods, X and Y, where Y represents dollars. Specifically, assume a Cobb-Douglas utility function:
Differentiate among movement along and shift of the demand curve. Explain the relationship between market and aggregate supply and demand.
Elucidate how does the subsiquent impact on the housing industry.
Describe the business research and its purpose. What did the researchers conclude as a result of their research.
The setup activity price driver rate, using the best cost driver for this situation.
Elucidate what was the actual price elasticity before the cartel was formed.
Illustrate what other economic factors are affected when taxes are raised or lowered, and how are they affected.
Illustrate what would you expect to see happen to the cost of a checking account if banks could not make loans. What would happen to the amount of investment made by businesses.
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