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Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other. in particular, suppose that cov(y1,y2)= \(\gamma\) and does not equal zero. does this change wheter or not the sample average is unbiased. why or why not?
What is hyperinflation How does hyperinflation occur?
A packaging firm relies on the production function , with and . Assume that the firm's optimal input combination is interior (it uses positive amounts of both inputs). Derive its long-run total cost curve in terms of the input prices,wandr.
As a portfolio manager whose company has investments in a country with a high level of debt what would you do to raise your companies profit or protect their interest if;
Write down an equations for total revenue and marginal revenue.
Explain the households budget line and its relationship to the indifference curve.
Over the last decade, Apple Computer has seen its global share of the personal computer market fall from above 10 percent to less than 5 percent. Despite a keenly loyal customer base, Apple has found it more and more difficult to compete in a mark..
Why would you expect the inflation rate to accelerate if the actual unemployment rate declined to a level lower than.
a rural utility company provides standby power to pumping stations using diesel-powered generators. an alternative has
Discuss and explain the features of the Danish economy and why the Danes overwhelmingly support globalization and job outsourcing.
In comparing two otherwise identical industries X and Y, an economist finds that labor demand is more elastic in industry X. Which of the following would support this finding?
Locate an article pertaining to a change in the supply, demand, and pricing of a particular product or service. Utilizing the economic theories, prepare a paper in which you summarize the article and elucidate why changes made in supply, demand, a..
(b) By how much will the banking system lending capacity increase if the reserve requirement is 25% (c ) Must the interest rate rise or fall to induce investors to utilize this expanded lending capacity (d) By how much will aggregate demand increase ..
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