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use economic principles and concepts to explain why each statement is falsemeasles has become an epidemic here in
1 metro airlines runs 10 flights per day at a total cost of 50000 which includes 30000 in fixed costs for airport fees
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
identify and discuss at least two economic phenomena for which the linear-in-parameterslinear-in-variables regression
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
suppose you own a house in mobile al your house is currently worth 200000 suppose there is a 5 chance that a food
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
consider the two-period consumption model of borrowing and saving suppose claire has an income of m1 today and m2 a
we suggested above that an annually increasing renewal fee would be an efficient means of setting optimal patent life
contrast the difference between temporary and permanent damages on the incentives of people to build new houses near
recall our example of an investment of 100000 in research that yields a pioneering invention that has no commercial
1 use the theory of transaction costs to justify protecting the following rights by injunction or damagesa a land
read the following article ldquoporter or mintzberg whose view of strategy is the most relevant todayrdquo what is the
discuss how an organization benefits from operational planning and how operational planning and budget planning are
suppose that a company has a fixed proportions production function that requires it to use two machines and one worker
when transaction costs are low enough efficient resource allocation will follow regardless of the particular assignment
suppose the us and mexico both produce 2 goods tablets and cereal using 2 inputs capital k and labor l the production
a competitive firm has the production function q flk sqrtl 2sqrtk for which mpl 12sqrtl and mpk 1sqrtk a find the