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When looking at firms, you will find that they are facing many challenges to estimate when to continue to operate. The challenge that a firm is going to face is to measure their fixed and variable costs. What are some challenges that a firm is going to be facing to ensure that they can continue to operate?
q1. explain the essential distinctions among the stages-of-growth theory of development the structural change models of
A consumer consumes only food (X1) and alcohol (X2) and he has a utility function U(X1,X2)=bX1+aInX2. Derive the Hicksian demand function for good 1 (h1). Show that it is downward sloping in its own price. What is the new budget constraint? What is t..
Suppose Mayor Strange comes to you and asks you whether or not Montgomery, AL should bid for 2024 Olympics. He says that a group of economic consultants has said it will be a major boon for Montgomery’s economy. What kind of things did they likely cl..
How can a small special-interest group win, since the benefits flow only to a small group, under a situation of majority voting?
The Independent Department Store wants to determine the proportion of their charge accounts that have an unpaid balance of $1,500 or more. A sample of 250 accounts revealed that 100 of them had an unpaid balance of $1,500 or more. What is the 99 perc..
explain the concept of diminishing marginal utility. since all goods are scarce, does diminishing marginal utility contradict the statement that individuals always want more of all foods?
Give examples of government regulations that work and examples of government regulations that do not work. Explain why in each case. How does politics affect economic policies? Is it negative or positive?
Do the hold out values fall within the forecast 95% confidence limits?
The government introduces a law which imposes a cost of $5 on landlords (shifting the supply curve up by $5) and a benefit of $10 to the consumers (shifting the demand curve up by $10). How is the rent going to change? Are the parties going to be bet..
Explain how many units of labor and how many machines would the firm use to produce 40 units in the cheapest possible way.
If supply at every price is reduced by five gallons, what will the new equilibrium price be.
Annual starting salaries for college graduates with degrees in business administration are generally expected to be between $30,000 and $45,000. Assume that a 95% confidence interval estimate of the population mean annual starting salary is desired. ..
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