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100 schools are given exactly one million dollars each in grant money. They can spend the money on any or all of three programs: math tutoring (math), kickball lessons (kickball), or computer literacy (computer). All the money must be spent on a combination of the three programs at every school. The grant money is intended to better SAT scores.
a) Why would it not make sense to estimate the following model? Describe.
p=10, TC= 1000+2Q+.01Q^2, Q=?
In regards to air pollution, use a diagram to show and explain how the existence of pollution can make the market equilibrium inefficient.
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A company is selling a particular brand of tea and wishes to introduce a new flavor. How will the company forecast demand for it.
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