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Consider the following technology F(K,L) = (AK^?)(L^(1??)) where K is the level of capital, L is the level of labor or hours worked, A is a efficiency parameter and ? (0, 1) (a) Write down the
You are to research the rise and fall of the early days of the World Wide Web. In 1993, Tim Berners-Lee created the Web and the bubble began. The bubble describes the amazing stock run of Internet com
The utility that Corey obtains by consuming hamburgers (H) and hot dogs (S) is given by U(H,S) = ?H + ?S+4. The marginal utility of hamburgers is 0.5/?H and the marginal utility that steaks is equal t
A researcher believes that the average size of farms in the U.S. has increased from the 2002 mean of 471 acres. She took a sample of 23 farms in 2011 to test her belief and found a sample mean of 4
Recognize the potential barriers to effectual communication and strategies for overcoming the barriers.
For each shift, examine how it would influence the equilibrium price, quantity and decision making.
How do managers supplement the NPV analysis of a project to gain a better understanding of a project?
Compute the variance and standard deviation of the expected value from each and every project.
Describe the principles of comparative advantage, terms of trade, and gains from trade. Explain four ways in which governments interfere with free trade among nations.
Name and describe nine significant characteristics of American market system. Explain how the market system answers each of these four fundamental questions.
Describe the concept of equilibrium price and quantity. Describe the effects of changes in demand and supply on equilibrium price and quantity.
Summarize the general relationship between investment and economic growth. Write down the major features of a market economy and a command economy.
Distinguish between positive and normative economics. Describe and provide examples of the fallacy of composition and post hoc fallacy.
What are sampling methods? Describe the probability and non-probability sampling. Describe properties of t-distribution.
Describe the nature and scope of Demography and its relation to Economics, Ecology and Sociology.
Social ownership of the means of production is only an essential however not a sufficient condition for efficient allocation of resources. Describe.
Critically examine the role of International Trade in economic development.
Explain the importance of EXIM policy in the development of a country.
The variable descriptions are as follows: Sprice = Selling price of home, dollars Livarea = living area, hundreds of square feet. Plot each of Sprice and Age in a X--Y scatter plot and comment on
Throughout the 1990s, technological advance decreased the cost of computer chips. How do you think this influenced the market for computers? For computer software? For typewriters?
Why do most economists oppose the trade restrictions?
How is economics like a science? Why is economics a ‘social’ science? Why do economists sometimes offer contradictory advice to the policymakers? Should an economic model explain reality e
Broadly do you think this production function conforms to the ideas of economic theory?
Explain the nature of the financial system in a modern economy giving the significant kinds of constituent institutions, markets and instruments. Describe the concept of flow-of-funds in the financi
How do you interpret the coefficients of a multiple regression model? What is the relevance of R-square and how is it distinct from adjusted R-square?