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If the optimal club size is between 4 and 5, what is the smallest population beyond which eminency is always achieved? What if the optimal size is between 3 and 4?
If you pool all of the data and use OLS, what are you assuming about unobserved student characteristics that affect performance and attendance rate? What roles do SAT score and prior GPA play in this regard
production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25.
Which of the following is not a reason why some workers are paid above the equilibrium wage?
The price at point a is $70 and the price at point c is $10 per bag. The price at point d is $56 and the price at point e is $31 per bag. The price at point f is $67 and the price at point g is $32 per bag.
Characterize the competitive equilibrium, and show that it coincides with the solution to the optimal growth problem.
Suppose, in Example 7, it costs the BBC realty company, on the average, $800 each month to maintain each vacant apartment. What monthly rent should they charge if their profit is to be maximized?
janie Curtis borrowed $22,000 from a bank at an interest rate of 9% compounded monthly. This loan is to be repaid in 36 equal monthly installments over 3 yrs. Immediately after her 20th payment, Janie desires to pay the remainder of the loan
ASSUME THAT THE CONSUMPTION SCHEDULE FOR A PRIVATE OPEN ECONOMY IS SUCH THAT CONSUMPTION C = 50 + 0.8Y. ASSUME FURTHER THAT PLANNED INVESTMENT Ig AND NET EXPROTS Xn ARE INDEPENDENT OF THE LEVEL OF REAL GDP AND CONSTANT AT Ig = 30 AND Xn = 10.
If the authorities took no action, what would be the adjustment process along the lines described by the monetary approach to the balance of payments?
In the Nashville Radiology Group example given in the chapter, we assumed that the lease did not have a cancellation clause. What effect would a cancellation clause have on the analysis?
Explain under what conditions the incurring of a government deficit and subsequent borrowing by issuing bonds leads to a crowding out of private investment.
a selfless person approaches Jones and Smith with a $100 bill and offers to sell it to the highest bidder, but both the winning and the losing bidders must pay her their bids. so if jones bids $2 and smith bids $1 they pay a total of $3, but jones..
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