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Suppose, as an economist, you are asked to analyze an issue unlike anything you have ever done before. Also, suppose you do not have a specific model for analyzing that issue. What should you do? Hint: What would a carpenter do in a similar situation?
Suppose a randome experiment can be represented by 2 sets of events ,Aiand Bj ,with each pair of sub events (A1andA2,andB1,andB2) being mutually exclusive and collectively exhaustive. Find the conditional probabilities
Derive a product rule for y = F(x)S(x)T(x), where F, S, and T are each differentiable functions. Show that in words it says: to multiply two factors by the derivative of the third factor, and do this in all three possible ways and add the results
What is the temporary and permanent impact of an increase in prices on wages based on these results? How would we test if the permanent impact of a price change is statistically significant?
If the U.S. interest rate also remains constant, what is the new equilibrium $/£ exchange rate?
Firm 1 at point 0 and firm 2 at point 1. The consumers transportation cost are linear in the distance to the firms localisation (d1 and d2) and the consumers are uniformly distributed on the intervall (0,1) where x E (0,1) denotes the consumers p..
Which areas in your life or parts of your past could be problematic for you as a beginning teacher? (my answer: I had spinal surgery two years ago and im still in pain. The doctors don't know what to do stop my pain. Stress and over working builds..
if a consumer has indifference curves that are convex to the origin but have a kink in them (similar to the perfect complements example, except the angle at the kink is greater than 90 degrees) how can we determine the optimal bundle
Telephone operators are sometimes monitored according to how many calls they take, and how long they spend on an average call. Would you expect such information to increase productivity? Why or why not?
The following relations describe the supply and demand for posters. Qd = 65,000 - 10,000 P Qs = -35,000 + 15,000P Where Q is the quantity and P is the price of a poster, in dollars. a. Complete the following table. Price Qs Qd Surplus or Shortage
What is the likely post-merger bargaining outcome?
The government introduces a subsidy s=10 per unit of sugar exported and at the same time it doesn't let any imports in. Calculate the new (i)domestic price, consumption and production, (ii) world price and quantity exported by the country.
What is the risk (standard deviation) that this investment manager has assumed in his calculation if it is known that returns are normally distributed with a mean of 5.6%?
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