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What are the two main types of exchange-rate systems? Currently, which type of system determines the values of the major currencies, such as the dollar, yen, and euro?
if the economy is at point c, what is the cost of one more automobiles of one more forklifts which characteristics of the production curve reflects the law of increasing opportunity costs: its shape or its length
Derive the conditional density for y given x and the conditional log-likelihood function for y. Write out m(y; x; θ) (the negative log-density). The parameters are θ = (θ1, θ2, ..., θ7)
Kal Tech Engineering is investigating the possibility of acquiring new automated packaging equipment at a cost of $12,000. The equipment will have a salvage value of $1,000 at the end of its useful life of 10 years. It is determined by the plant e..
A travel company has hired a management consulting company to analyze demand in 26 regional markets for one of its major products: a guided tour to a particular country. The equation for the quantity demanded is
multiplier modelc3000.5yd t1000 i200 g2000a. calculate the equilibrium level of gdp and demonstrate on a
Big State U charges in-state and out-of-state student's different tuition rates. In-state students pay $2,000 a term and respond according to the following demand equation: Qi = 25,000 - 3Ti Where Qi is in-state student enrollment and Ti is in-stat..
Consider two firms X and Y produce identically tasting cold drinks. In order to increase the demand for its cold drink, firm X increases its advertisement outlay. However the advertising doesn't increase its demand in the long run.
Suppose the MPC is 0.75 if the government increasesexpenditures by $200 billion how far does the economy grow if the government decreases taxes by $200 billion how far does the economy grow
You have 8 midgets (M) and 12 dwarves (D). The price of midgets is $10 each, and the price of dwarves is $11 each. If your utility function for midgets and dwarves is given by U(M,D)=.5M + .6D, what will your optimal consumption of MIDGETS be.
Would the combined measures be likely to have any effect on the person's consumption of cigarettes?Why or why not?
What is the income elasticity of demand when motel rooms rent for $40?
a.) what is the market-clearing price b.)how much will he produce c.) what is the net profits d.) what is the elasticity of demand at the market-clearing price
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