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Think about the Lotka-Volterra Competition model where Species 1 competes with Species 2.
If α= 1 and β = 1 and K1 = 300 individuals and K2 = 500 individuals:
Species 1 will outcompete Species 2
Species 2 will outcompete Species 1
Both species will go extinct
Both species will coexist
Econometrics 710 Midterm Exam 2000. Take the linear regression Y = Xβ + e with E(ei|xi) = 0. For one particular value of x, the object of interest is the conditional mean E(yi|xi = x) = g(x). Describe how you would use the percentile-t bootstrap to c..
Calculate the efficient (i.e. socially optimal) level of production.
it also gives each economy's average annual growth rate over this period. for example, real GDP per persion in senegal was $1,776 in 1960 and actually declined to $1,571 by 2000. Senegal's average annual growth rate during this period was -0.31%
What is the marginal revenue of the 101st pound of heirloom tomatoes?
After reading this study, I am trying to understand how these authors calculated "informal entrepreneurship." They use datasets from the World Bank Group Entrepreneurship Snapshot (WBGES) and Global Entrepreneurship Monitor (GEM) to come up with an..
What are some of the ways to do that? What are the advantages and drawbacks of each method?
Suppose that the aggregate demand and aggregate supply schedules for a hypothetical economy are as shown at the top left of the next page. a. Use the data above to graph the aggregate demand and aggregate supply curves. What is the equilibrium pri..
The three tools the Federal Reserve Bank (The Fed) uses when conducting monetary policy are the required reserve ratio, the discount rate, and open market operations.
price:1.75, 2.00, 3.00, 4.50, 5.00, 5.50. quantity: 55, 110, 165. mc=5.00/165, 3.00/110, 1.75/55. atc=5.00/165, 5.50/55. avc=2.00/55. demand=1.75/55. mr=2.00/55. How many DVDs should be sold to rent per day to maximize profit
In the economy of Wrexington in 2008, consumption was one-half of gdp, government purchases were $2000 more than investment, investment was one-sixth of gdp, and the value of imports exceeded the value of exports by $500.
Jesse sells 400 candles per month at an average price of $5 per candle. Costs of supplies to produce and sell the candles are $500. Rather than producing and selling candles, Jesse could be working at a second job earning $800 per month.
Thinking of a Gap store as a production plant, explain why Gap is reducing the size of its stores. Is Gap making a long-run decision or a short-run decision? Is Gap taking advantage of economies of scale?
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