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Write an 8-10 page paper in which you: Develop a theory or hypothesis about some economic relationship.
Based on your theory and research, specify a mathematical model of your theory. Identify and collect data to test your hypothesis. Use econometric methods to estimate your mathematical model.
Use statistical inference to draw conclusions to support your theory. Include at least six (6) references (no more than three years old) from material outside the text(s).
Your assignment must: Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides; references must follow APA or school-specific format.
Monopoly manager has the demand and cost functiones as P=200-2Q and C(q)=2000+3Q2 1- calculate the maximum profits 2- what price-quantity combination maximizes the profits 3- at the profit-maximizing price-quantity combination, what is the demand ela..
suppose the ratio of deposits that banks hold in the form of reserves is 7 percent. suppose further that people want to
A monopolistic firm faces the following demand curve. Q = 7800 -12 P This monopoly's cost function has been estimated as follows: TC = 460,000 + 50 Q a. What price should this monopoly charge to maximize its profit b. What would be its equilibrium ..
During spring break, students have an elasticity of demand for a trip to Florida of -3. How much should an airline charge students for a ticket if the price it charges the general public is $360 Assume the general public has an elasticity of -2.
During the summer of 1997, Congress and the president agreed on a budget package to balance the federal budget. The "deal," signed into law by President Clinton in August as the Taxpayer Relief Act of 1997, contained substantial tax cuts and expen..
A student's senior year in college will cost $80,000 in lost earnings and direct expenses. Then, for the first two years after graduation the student will earn $100,000 and $200,000. Alternatively, the individual can earn $50,000 for what would ha..
Given below are the cost schedules for a perfectly competitive firm. Average Average Variable Total Marginal Quantity Cost Cost Cost 1 $ 50 $ 90 $ 50 2 45 65 40 3 40 53 30 4 35 45 20 5 34 42 30 6 35 41 40 7 37 43 50 8 40 45 60
McIntosh and Golden Delicious apples is 0.8, between apple and apple juice is 0.5, between apples and cheese is 0.4, and between apples and beer is 0.1 What can you say about the relationship between each set of commodities
Suppose a pure monopolist is faced with the cost data shown in the table on the left and a demand schedule shown on the right. Calculate the missing total-revenue and marginal-revenue amounts. Instructions: Enter only whole numbers in the table be..
A Whoey option pays the difference between the final price and the maximum price of a stock over the period of the the option. For example, if the price of a stock is 200, 220, and 234 in the previous periods
Ahead of you is a wonderful weekend. You bought a ticket to see a professional football game. The ticket cost $50 a piece, plus you estimate a cost of $25 each for gas to the game and parking. Since the game is in the middle of the afternoon, you ..
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