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i. In the Sydney market, rent price ratios are lower in the inner areas than in the outer areas. What factor(s) might explain this?
ii. In the US, rent-price ratios are lower in cites in coastal California than in cities in middle/inland US. What factor(s) might explain this?
Consider a group of 10 friends who are considering going on a road trip (is that still a thing you kids do these days, or do you just sit around and look computers?). In determining whether or not to go, each friend considers both how much they would..
Consider the following facts. After the age of 25, persons with college degrees earn more than persons with no education beyond their high school degrees, ceteris paribus. Moreover, persons with high school degrees earn the same as persons who have h..
Discuss the benefits and challenges of developing center-based learning environments.
You then would choose to calculate a 95% (or another level) confidence interval for the population mean.
A machine costs $5,240 and produces benefits of $1,000 at the end of each year for 8 years. assume an annual interest rate of 10%. a) What is the payback period in years?
Monetarists believe there's a direct link between the money supply and prices, real GDP, and employment. If the money supply is allowed to grow at a predictable rate, the economy will stay in balance. In effect, they feel that in the long-run, the ec..
Two identical firms compete simultaneously as a Cournot duopoly. The market demand is P = 200 - 2~ where Q stands for the combined output of the two firms, Q = q, + q2. The total cost function for firm 1 is C1 = 60 + 16ql. The total cost function for..
Describe how the following statements relate to the AD–AS model:
You are organizing a group of people to visit a state park for a day trip. You have to rent cars and hire drivers for the transportation. If you rent C cars, and hire D drivers, your utility function is U=min(C, D), because you have to find one drive..
In what type of merger wave is the U.S. economy currently situated? For what reasons are companies merging? What are the risks and benefits of these types of mergers?
Suppose you are a monopolist operating two plants at different locations. Both plants produce the same product; Q1 is the quantity produced at plant 1, and Q2 is the quantity produced at plant 2. What are your marginal revenue and marginal cost funct..
Handy Manufacturing Industry Trade Association recently published the following estimates of Demand and Supply relations for hammers. Calculate the perfectly competitive industry equilibrium price/output combination.
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