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On November 30, 1992, the student newspaper of the University of California at Berkeley illustrated a map identifying “high-crime” areas in Berkeley (see the figure attached). The 11 gray areas suffering more than 200 personal thefts and 75 burglaries last year. The newspaper recommended students living in those areas to keep valuables out-of-sight in the home. Please evaluate the validity and reliability of this news article's conclusion. Do you think the analysis and recommendation of this newspaper are logically acceptable? If so (or not), why?
In 2011, Britney taught music and earned $20,000. She also earned $4,000 by renting out her basement. On January 1, 2012, she quit teaching, stopped renting out her basement, and began to use it as the office for her new website design business. Duri..
Recently, the owner of a Trader Joe’s franchise decided to change how she compensated her top manager. Last year, she paid him a fixed salary of $65,000 and her store made $130,000 in profits (not counting payment to her top manager). Assuming the ch..
Why is there a social cost to monopoly power? If the gains to producers from monopoly power could be redistributed to consumers, would the social cost of monopoly power be eliminated?
The emerging markets elected to accumulate vast sums of foreign assets in the 2000s. What may have caused this decision? Did this create a problem in developed markets?
What has happened to real GDP per person in the industrialized countries over the past century? What implications does this have for the average person?
Explain how increasing returns to scale in production can be a basis for trade. If the foreign export supply is perfectly elastic, what is the optimal tariff that Home should apply to increase welfare? Explain. If the foreign export supply is less th..
The manager of Dixie Furniture Company estimates that the daily output of her factory (in thousands of dollars) Q is given by Q = 2x^1/4y^3/4 where x is the amount spent on labor and y is the amount spent on capital (both measured in thousands of dol..
A monopoly market is characterized by the inverse demand curve P = 1,200 40Q and a constant marginal cost of $200. If the marginal cost of production rises to $400, what happens to the profit-maximizing price and output level?
Write a short essay on the business strategies that were used by Wal-Mart to make the company the largest retailer in the world. As part of your answer, make sure that discuss whether you believe that these strategies will continue to work as well in..
What are three limitations to traditional cost risk analysis? Explain how qualitative and quantitative data collection is different. Also discuss how the risk driver approach can be useful in minimizing the limitation to traditional cost risk analysi..
Based on what you have studied so far in this course, discuss and describe some aspects of macroeconomics that an be useful in your future (...yes, it can be aything we discussed in this course - Macroeconomics). Your discussion should be more than h..
What motivated Europeans to initiate and undertake perilous voyages of exploration and discovery from the late fifteenth century onward? How was this related to the growth of the European nation-states? Who was most successful in these endeavors?
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