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Question: Write well elaborated notes on the following; Please NOTE this is Masters level.
• Utility in decision making
• Game theory
• Simulation
• Inventory Models
Explain what occurs when a new technology makes another one obsolete in terms of economic profit.
You calculate it will cost you $5,000 per year to operate to generate $20000 per year of sales, and will last for 5 years. What is the ROR?
According to economists, what is (are) the true cost(s) of a budget deficit? Does the "opening up" of an economy change the type of costs a deficit produces? Use an investment/savings diagram in your answer.
If the store has a one day sale of $2.20 per burrito, what is Adam's consumer surplus?
What is the probability that the mean height for the sample is greater than 64 inches? Assume o=2.84
Clothing costs $2 per unit always. Find Julies optimal basket of consumption.
To make it comparable, you need to assume that Mary will sell her car at the end of 36 month in the case of financing, and compute the present value of each
q.you run a chain of movie theaters consequently you commission a marketing study about categorizes your potential
The era after the fall of Rome is often called the Dark Ages. Do you believe this is an apt title for Europe? Does it accurately reflect the era?
Suppose you receive $20 for your birthday and you deposit into your checking account. What is the effect of this transaction on M1 or M2? Explain.
Q1) Compare the quantity and price of an oligopoly to those of a competitive market.
Imagine you are planning to open a new café and need to better understand the local consumers. What sources of secondary data might you use
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