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problem 1 assume that the long run total cost function for each firm in a perfectly competitive industry is lrtc q3 -
question 1nbspwhich of the following approaches to understanding and predicting consumer behavior depends primarily on
questions1 cobb-douglas production function this exercise discusses properties of the cobb-douglas production function
1 based on research summarize the economic booms that india and china enjoyed within the past few decades what economic
1 draw graphs showing a perfectly competitive firm and industry in long run equilibriuma how do you know that the
possible topic areas you are not limited to one of thesebusiness logisticscrimecryonicsenergyentertainmentfinancethe
1 the information requested in this question can be found on the website of the bureau of economic analysis wwwbeagov
1the production function of a firm is given in the table below numbernbsp of workersunits of
problem 1 david has 50 to spend on chocolate x and ice cream y the price of chocolate px is 5 and the price of ice
homeworkyou may work together but turn in your own individual answers1 figure 1 above shows a consumers budget
option 1 management certification access the project management institutes home page at wwwpmiorg review the
suppose an economy that is initially at full employment faces a substantial increase in the factor cost of productiona
supply and demand in the cell phone market make sure to include a graph with the initial equilibrium price and quantity
1 metro airlines runs 10 flights per day at a total cost of 50000 which includes 30000 in fixed costs for airport fees
identify an economic theory or relationship you could estimate via ols and describe the hypothesis you would test for
discuss which economic relationships you have studied up until now not just in this class but in all your economics
describe a situation that would call for applying one or more of any dynamic economic modellegit modelrandom walk
discuss examples from economic theory that would be estimated using the methods of simultaneous equation
describe a situation in which autocorrelation might be present and which of the three methods of detecting
discuss the types of situations where you would expect to see non-constant variance in the data provide examples to
describe a situation where the presence of multicollinearity would not necessarily be a bad thing explain your
select a model that you have some experience with and determine what types of specification errors you might encounter
select an economic problem or theory and discuss how dummy variables could be applied determine the value that dummy
identify and discuss at least two economic phenomena for which the linear-in-parameterslinear-in-variables regression
suppose james has utility over wealth given by uw w 1 2 putting utility on the y-axis and wealth on the x-axis use a