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what is an opportunity cost? How does the idea relate to the definition of economics? which of the following decisions would entail the greater opportunity cost : Allocating a square block in the heart of New York City for a surface parking lot or allocating a square block at the edge of a typical suburb for such a lot?
Determine which country has absolute advantage in production of tanks and explain why is it this country?
The water company is privately owned and is the only water company in town. It is licensed and franchised by city for a 10 - year term, just renewed.
What happens to the indifference curves when a household's income is reduced and how does a budget constraint explain consumer choices when used in conjunction with indifference curves?
Whichever way you've chosen to model this problem, execute a linear regression. For one time in your life, you are going to be calculating the slope and intercept estimators in EXCEL
w suppose that the interest rate falls to 50%, and the household decides not to borrow or lend at alll. Is the household better off or worse off with the higher interest rate?
You're an entrepreneur and you've opened a restaurant in a nice area of town. Describe at least two long run decisions which you require to make about the business.
If there is a natural monopoly one firm owns all the natural resources in the production of a good, such as owning the diamond mines needed to produce diamonds.
Discuss how to use Coase theory to see mandated mercury emissions and what do you think Coase would say to a supporter of free market environmentalism.
Determine the effective interest rate that Chuck would receive when the bond matures, if it has paid dividends as scheduled.
Explain why the relationship between the prices charged to locals versus the prices charged to out of town visitors? Why does this happen?
Even before the metals and manufacturing companies described earlier, U.S. railroads in the nineteenth century were M-form organizations based on geography. Why might a large railroad be better organized as M-form than U-form?
Perform a White test for heteroskedasticity using auxiliary regression
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