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1. Americans' quest for materialistic lifestyle has led to an unsustainable and unconstrained housing market where builders will construct ever bigger and bigger homes." Evaluate this statement based on the economic theory of optimal housing. 2. Antisprawl planners argue that cities such as Portland, Oregon are proof that American households prefer more dense lifestyles because their populations growth even as housing prices increase. Housing prices are higher because consumers value density, not because the land available for development in Portland is limited by an urban growth boundary that prevents farmland and other open space from being developed. Evaluate this argument from an economic perspective and what we "know" about housing characteristics and preferences. 3. Book sales are reaching record highs even as "bricks and mortar" bookstores such as Barnes and Noble are struggling financially? Explain this paradox in the context of market areas, technology, and the spatial relationship between supply and demand. Is the growth of amazon.com proof that the world is "flat"?
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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