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Policy application . If you worked for a Congressional committee that was considering an across-the-board tax cut, what kinds of aggregate revenue, spending and debt data, both for the United States and for other countries, might you muster in support of the tax cut? What kinds of data might you use to argue against it?
Interpret the null hypothesis using your t-statistic.
Seven years ago a vertical drill was purchased for $10,000. Drill had 12 years of expected life and zero estimated value at the end of that period. The current market value of the drill is $1,000. The new drill's total investment cost would be $12..
Suppose a firm has a short-run cost equation of C(q) = 0.1q3 - 3q2 + 60q + 1000, and short-run marginal cost equation of MC(q) = .3q2 - 6q + 60, if the firm produces 25 units of output: a) Solve for total fixed cost, total variable cost and total c..
Let's explore the business of Charlie the Weaver. He owns a loom which he could sell for $100,000, but instead uses himself. He spends 1250 hours per year on his weaving. He makes little square placemats of different Hollywood scenes that sell for..
The firm initially produces and sells 100 units of output. If the price elasticity of demand for the firm s product is 2.0, how will featherbedding affect the firm s total demand for labor?
What are the relative strengths and weaknesses of these arguments and supporting evidence compared to other readings this week or this term? (5 or 6 bullets)
Assume that Aquafresh own price elasticity is -1.5 and that the Colgate cross price elasticity of demand with respect to Aquafresh price change is 1. How do you interpret the own and cross price elasticities? Which brand is Aquafresh mainly competi..
Suppose this the demand for water balloons fit the function D(P, Ps)=.2P^(-.5)Ps^(-.2) where P is the price of water balloons and Ps is the price of super soakers (an advanced squirt gun technology). Based upon this demand curve, are super soakers..
What is the average of the amounts ?
Suppose a man receives an initial annual salary of BD 30,000, increasing at the rate of BD 2500 a year. If money is worth 10%, determine his equivalent uniform salary for a period of 8 years.
To the equation in part (v), add an interaction between electric and educ . Is its co- efficient statistically significant? What happens to the coefficient on electric ?
To block entry, the incumbent appeals to the government to require that the entrant incur extra costs. What happens to the Cournot equilibrium if the legal requirement causes the marginal cost of the second firm to rise to that of the first firm
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