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Classical assumptions
(a) Provide me a quick scatter plot that violates sample variation assumption.
(b) Provide me a quick scatter plot that violates homoskedasticity assumption.
(c) Explain in your own words what Gauss-Markov Theorem is. Make sure that you reference the classical assumptions.
Describe in detail the mechanics of the Circular Flow model. Discuss how the government and international trade could be included in the circular flow.
Assume that a nation’s marginal propensity to consume is 0.9, and that its potential GDP exceeds its actual real GDP by $5000. By how much should that nations’ government change taxes in order to completely close that GDP gap?
What are startup costs? What's included in the business startup checklist?
using "Wage pass-through" to internalize insurance benefits mean. IF an employee has "firm specific" talents and abilities this means that. indemnity insurance provided incentive for
Briefly compare the wage rates and productivity levels of unionized workers and nonunionized workers in the United States.
(a) When there are L miners, how many tons of gold does the mine dig in total per month? (b) Can the mine dig 3 tons of gold per month?
Suppose your utility function for fruit (F) and chocolates (C) is U(F,C) = F + 4C. If you reduce your chocolate consumption by 2 units, how much do you have to increase your fruit consumption in order to maintain the same utility level?
1.) What is the relationship between a Lorenz curve and a Gini coefficient? Give some examples of how Lorenz curves and Gini coefficients can be used as summary
A potential entrepreneur is trying to decide whether to open a new health spa. She currently makes $35,000 per year as an aerobics
Calculate the effective rate of production for steel industries. Question files are available when you purchase as they are images.
Question 1: Using the AS-AD model, show what happens when a permanent negative supply shock hits the economy. Be sure to label all curves, axes and initial/?nal equilibria.
The market for a case of wine has been described by the following supply and demand functions: At the market equilibrium price, what would be the total monthly revenue? Calculate consumer surplus at the market equilibrium and indicate this surplus as..
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