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What was the value of the Euro in terms of U.S. dollars as of January 1, 2002?
Did the value of the U.S. dollar appreciate or depreciate against the Euro between 2000 and 2002?
What is a random sample? Give one example of economic question that you would like to investigate. Then answer the question what kind of data would you need to help you to answer your question?
Explain why there is a blurry line dividing objects that are “money” from those that are not. Give examples of some clear-out cases? And some borderline ones. Could the position of this blurry line change over time?
In Rolling Stone magazine, several fans and rock stars, including Pearl Jam, were bemoaning the high price of concert tickets. One superstar argued, "It just isnt worth $75 to see me play.
What are some key micro economic factors for making profits in the healthcare field?
Design a contract to maximize the expected profits received by a risk-neutral principal who will hire a risk-averse agent. The agent's utility function is u = log(w) - e
Discuss what you would say in your application for such jobs. How would you prepare for an interview for such a job, if you are invited?
If the price of a good falls and the good is a normal good, the income effect causes a decrease in the quantity demanded of that good.
What output should be produced? What will be the price? How much profit is made? If the firm can change plant size and move into the long run, what will be output and price?
We said that an uncrowded country club gulf course has the aspect of a publc good.Why? Is it still a public good if it becomes crowded and people's game are slowed down?
Describe how American firms can take advantage of conducting business in an emerging market such as the Indian economy - How should U.S. firms in general adapt to globalization?
Discuss how the belief in the New Economy, combined with the increase in stock prices, affected consumption spending.
Next, consider the case of several large, established pharmaceutical manufacturers such as Merck. What type of market form do you believe that such manufacturers operate under?
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