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In this module, we experiment with many ways to sort and filter large lists of business data. These tools are critical for making decisions, as most planning and decision-making is data driven. Think of a decision that you would make in your career, your personal life, or your education, that would require you to examine data. What data would you need to make this decision? Be specific.
Some long term projections show US GDP growth of 2.5% per annum, which is below the historical trend of 3.25%. Based on the long run growth equation what three policy initiatives would you recommend that the US government undertake that would have be..
Calculate the percentage change in visits, percentage, change in price, and price elasticity of demand using 640 and $40 as denominators for percentage change calculation.
What is a trading bloc and a trade concentration ratio, and does it make sense that trade concentration ratios should be greater than +1? What kind of trading bloc is NAFTA and how has it influenced trade within the bloc? What is multilateralism and ..
Suppose an individual faces employment risk of the following form: Her employment is subject to business cycles in which she faces the risk of a layoff with probability 10%. When she is employed, she receives an income of $100. She earns nothing when..
What might be some of the few factors that make the city of New York federal reserves be called prominent when they are compared to there cities. Please help.
The Alexander Machine Tool Company faces a linear demand curve. Currently, it is selling at a price and quantity where its demand elasticity is 1.5. Consultants
Macroeconomic models with demand-determined output are usually built on the assumption that goods (or labour) markets do not clear because prices (or wages) do not instantly adjust in response to various shocks. Explain intuitively why any individual..
What would be a numerical example that would illustrate a situation in which there are positive accounting profits and zero economic profits?
Soundscape Enterprises manufactures Sonoblast, a device that produces a high-pitched reminder to telemarketers that they have once again disturbed you just when you were sitting 1⁄2 down to dinner. The production function for Sonoblasts is given by t..
GPI is a highly objective alternative to GDP. The main flaw with GDP is that it only includes final goods and services not primary and intermediate good production. Net Domestic Product is GDP after taxes. Over time, the U.S. economy seems to grow ab..
Suppose Mary has an income of $80 to buy bags and belts. The price of a belt (good 1) is $10 and the price of a bag (good 2) is $20. Martha, Mary’s sister, also buys belts and bags. Her consumption behavior is such that she can buy two belts (good 1)..
A pure competitive star industry consists of a large number of independent firms producing a standardized product A. determines the average cost function? Define the profit function for the company that is at an equilibrium position if we know,that t..
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