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Problem: Kraft foods has data on previous prices and demand for their products. You want to predict future prices for dairy products using this data, what AI technique would you recommend?
Consider separately the case of decreasing, constant, and increasing marginal product of capital and where investors can either invest in a bank account and earn interest rate R or invest in the capital stock of a country.
The main restriction on the topic is that you must analyze budgeting issues on a local, state or federal level.
A perfectly competitive industry is initially in a short-run equilibrium in which all firms are earning zero economic profits but are operating below their minimum
Suppose that a competitive market is initially in equilibrium. Then demand increases. If some resources used in production are not available in sufficient quantities for entering firms,
What is covered interest parity? What are the two assumptions of covered interest parity? How do investors use covered interest arbitrage to maximize their investment returns?
Explain why a measles vaccination is not a public good but why, nonetheless, an efficient outcome can be achieved by making it compulsory and paid for.
Explain why this production function exhibits external returns to scale and will tend to lead to clustering of production.
1 Sunshine Company, which has only one product, has provided the following data concerning its most recent month of operations Selling price............................................................. $120 ..
In the following examples, is inflation creating winners and losers at no net cost to the economy or is inflation imposing a net cost on the economy?
pollution is considered by most a negative externality. some economists would like to see the costs of these burdens
a. Good Ais an inferior good and Goods A and B are substitutes. b. Good Ais an inferior good and Goods A and B are complements. c. Good Ais a normal good and Goods A and B are substitutes. d. Good Ais a normal good and Goods A and B are complements. ..
Why are these firms not perfectly competitive? What are conditions that create perfect competition? Describe an example of a perfectly competitive good or firm.
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