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1. How can sample data support or inform economic decision making within an organization? Can the sample data have errors or be problematic when making decisions? Provide an example.
2. How does applying econometrics to economics validate economic decisions for an organization? Support your response with an example.
Assume the situations faced by the subsiquent individuals. Who gains and who loses.
Calculate the value of goods each shop assistant sold during that week.
Dave is employed by a corporation that currently pays him $65,000 a year. He owns a new car that he bought for cash of $32,500. Dave is thinking about returning to school to get a law degree.
Elucidate your answer also describe terms relevant to elasticity used in your explanation.
M/P=kY – bi where k is the income elasticity and h is the (nominal) interest rate elasticity of real money balances. Assume that k > 0 and that h > 0. Further assume that the quantity of nominal money balances is fixed by the Bank of Canada at M and..
Illustrtae what is the profit-maximizing level of price and quantity for this monopolist.
If the minimum wage is raised above the market rte for teenage labor, what will happen to the quantity of labor supplied by teens, the quantity of teen labor demanded by employers, and the number of teens unemployed.
Which country is capital abundant according to the Heckscher-Ohlin theorem? Given your answer to (a), draw the PPF for Canada. Also draw the indifference curve and the relative price line for the no-trade equilibrium.
At an interest rate of 8% per year, the winner would be better off accepting the (the lump sum, payments over time) since it has the greater present value.
here are some hypothetical numbers used to illustrate the ideas of trade-offs specialization and comparative advantage.
If it will cost us approximately $0.75/bottle to supply more Coke to our consumer what should we do if our goal is to maximize profit.
Give a precise statement on what devaluation of currency means?
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