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A regression analysis between sales (in $1000) and advertising (in $100) resulted in the following least squares line: = 75 +6x. This implies that if advertising is $800, then the predicted amount of sales (in dollars) is:
a. $4875
b. $123,000
c. $487,500
d. $12,300
Elucidate a process under which the competing oligopolists can divide the cake so that the two consumers (who are also the producers) are protected from the downfalls of consumers in oligopolistic markets.
Monumental architecture is unique to individual cities, illustrate what does the structure imply about the socio- economic also political organization which created it.
Use a labor/leisure model (with leisure hours on the horizontal axis and income on the vertical axis) and words to explain in detail why an income tax creates a welfare cost (or excess burden). Assume that the tax is a constant marginal tax on earned..
q.imagine that e-markets is a company that implements a competitive market in mp3 players. based on information which
As manager of City Racquet Club, you must determine the best price to charge for locker rentals.
What are arguments for using real per capita G NI to compare living standards between countries. What weakness does this measure have.
Describe the tragedy of the commons. What problems are presented by the tragedy of the commons for moral evaluation of technological development? How would you address these problems?
A Nash equilibrium is said to occur when,
Draw the indifference curves that represent the following individual's preferences for peanut butter and jelly. Indicate the direction in which the individuals' utility is rising.
If you are near graduation and plan to start your new job in 3 weeks, how does the Bureau of labor statistics classify you? Unemployed, employed or notin labor force.
If one draws MC curves pre and post innovation as well as the Marginal Revenue line for a monopoly and the MR in a competitive situation.
The Gross Domestic Product is constantly in the news in the United States. This year, we are looking at an annualized growth rate of between 2.2% and 2.4%. Over the past 60 years or so, the GDP has grown on average 3%. have circumstances changed wher..
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