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Q1. During the purchasing decision, evaluation stage, the consumer forms preferences among the brands in the choice set. There are two models which help the consumer to reach to the right decision compensatory and non-compensatory. Define them and explain how does the later help the consumer in recommending a car among three brands? Assume which the total features which are steering the consumer's selection are: the no. of seats as the engine performance, availability of spares parts also preferences of people toward the car.
Q2. Why were the organizers of the U.S. suspicious of absolute democracy?
Suppose the point of tangency that characterizes long-run equilibrium for a monopolistically competitive firm occurs at Q1 units of output.
Provide an appropriately labeled boxplot of the data below and use a randomization test to examine whether the null hypothesis holds that male and female turtles have the same mean serum cholesterol.
Business firms become pessimistic about their future earning capacity as do banks. Nominal interest rates fall during recession.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
Consider a mutual fund with $720 million in assets at the start of the year and with 10 million shares outstanding.
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
the demand for electricity and the concept that nuclear is cleaner than coal and who the special interest groups are that's involved
A university registrar who uses her experience with university admissions along with your high school grades, application essays, letters of recommendation.
What are some examples of behavior that at one time wire victimless crimes that are no longer criminal.
Discuss in detail, the impact that currency movements are having on the economic data that you are collecting in Part A.
New manufacturing technologies are often viewed as labor saving in nature. Using a production possibilities frontier with manufactured capital goods on one axis and labor-intensive goods on the other axis.
Among different market structures, which one do you believe provides the highest possible return for a new company as well as why.
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