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Questions:
1. Define what multicollinearity is. Is there a difference between collinearity and multicollinearity? Explain.
2. Why is multicollinearity said to be a strong sample-type phenomenon?
3. What is extreme or perfect multicollinearity? Explain and exemplify.
4. What is almost perfect multicollinearity? Explain and exemplify.
John have many ice cream stores located across the nation. John does not like to work evenings and employee Marcy to work the store in the evening for $7.50 each hour.
A new taco making equipment that is same in size and expense to hog dog carts has encouraged more street vendors to begin selling tacos.
If your business earns accounting profits of $50,000 and economic profits of $20,000, what are your hidden opportunity costs
Assume a household with a monthly income of $5,000. This household allocates its income to the purchasing of food and nonfood products. If the average price of food products is $20 per unit and nonfood items cost $150 per unit- Write the hous..
An enduring debate among public finance economists concerns the desirability of individual or family-based taxation. Assuming that we want a tax system that is progressive, marriage-neutral, and satisfies horizontal equity. Using a simple example..
1. list and draw all the graphs showing all the ripple effects that happen in the economy when the fed initiates
The manager of a local monopoly estimates that the elasticity of demand for its product is equal to -3, and the marginal cost is at $20. Express the firm’s marginal revenue as a function of its price. Determine the profit-maximizing price.
Examine factors that may affect the business cycle. Evaluate the health of the current U.S. economy by its GDP, business cycle, and economic growth.
What extent is your organizations financial health affected by fiscal and monetary policy? Please give at least one specific example.
Write two scenarios scripts, first one would be of what you and your significant other would say in a "bad" fight and the other one of how a "good" fight would progress.
Describe the main goals of the Federal Reserve. What happens when these goals come into conflict? Explain how the Fed would decide if lower inflation.
Describe the Bond Supply Shifters, namely, Expected profitability of investment opportunities, Expected Inflation, Government Activities.
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