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1. Why is Big Data important? What are the Vs that are used to define Big Data?
Mobile homes are housing units installed on a permanent foundation owned by a landlord. Although a resident owns the home, she rents the foundation from the landlord. In theory, owners of mobile homes can transfer their home to a different foundation..
Write the formula for the quantity theory of money and tell what it implies will happen if the money supply doubles.
What do we know about the proportion of peanut butter to jam held by Bob in any equilibrium? If Adam held all of the peanut butter in the initial endowment, is it possible that he end up with nothing in the equilibrium?
What criterion should be using to analyze the impact of healthcare reform on insurance coverage, health system and patient outcome and financing success.
Please explain “opportunity cost” and give three examples from your own life. Please include and identify both “explicit” and “implicit” costs in your examples.
Consider the following statement. "Winter ice storms that sometimes hit Chicago are good for the economy. They create many jobs to remove downed limbs and replace trees and bushes." Do you agree that ice storms are a net benefit to the economy? To an..
Consider the industry for making plastic cups. The process of producing the cups generates pollution. Assume the marginal damage function of pollution is given by MD = 4E, where damages are measured in dollars and E is the level of emissions. Assume ..
Suppose that market price of gas increases from $2 to $3 per gallon and quantity demanded for this good falls from 24 to 18 gallons per week. Calculate price elasticity of demand and interpret the result.
Identify and explain the incentives for entrepreneurship. Address why someone would willingly take the numerous risks associated with running a business. Also, discuss the major attributes necessary for a successful entrepreneur
Compare and contrast the four market structures. Include comments in regards to price setting for profit maximizing, origination of the market structure, and government responses and/or involvements in each type of market structure.
Skates and Dates is a single-price monopolist (a skating rink) in a small town, facing an inverse demand curve of P = 35-0.5Q, where P is the price of admission and Q is the quantity of admissions. what is the profit maximizing condition for Skates a..
Why do some workers make more money than others? Must everyone make the same wage? Explain your answers using labor market equilibrium.
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