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According to the conventional wisdom concerning urban economic development, a city should develop a diverse economy with a large number of different industries.
With respect to three goods -green tea, ice cream, and the digital cameras, what does it means when your preference for, and the satisfaction gained from, these three goods are consistent w
What is your real after-tax gain? The inflation rate is 5 percent and you make a capital gain of $50 on a $1000 investment. The tax rate is 30%.
Find out at least two policy issues created in the drafting and implementation of the Affordable Care Act that were influenced by moral hazard. Discuss the issues and find out the solutions allowed
Explain the situation involving the Keystone XL pipeline as a market decision with externalities attached, or the potential externalities attached. Use a supply and demand graph to illustrate your p
The entry barrier could benefit a single firm or it could benefit a small group of firms. Give them some documentation of the a citation, entry barrier, etc. Clearly talk about how the entry barrie
Describe briefly why competitive, the profit-maximizing firms hire the labor until the marginal product of labor (MPL) equals the real wage.
Assume you are central bank governor of a country which is experiencing inflation of 100% per month and you have two economic advisors. One advisor tells you that in order to increase seignorage you
A large city currently provides the free water service to residents. The marginal social cost of making a gallon of water available per month is calculated to be 5 cents no matter how much water is
How does the intra-city truck affect rents in different parts of the CBD? Can you think of any examples, from personal experience, of cities that are not monocentric?
Discuss how banks are financial intermediaries. What are reserves and what are excess reserves? Discuss how the Fed can affect the quantity of excess reserves in the banking system.
Given the two conditions from (2) and (3), determine the optimal bundle (x*, y*) that Mr. J will choose in order to maximize his utility.
Calculate the price elasticity of demand at a price of $24? If the price of baseballs is $24, should the firm raise or lower their price if they want to increase their total revenue.
Competitive factor markets and fixed supplies of the factors of production, graphically illustrate the impact of a change in immigration policy in a country that permits a huge influx of f
Interpret the following statement: A recent poll indicates that popular support for the mayor is 47.5% with a margin of error of +/- 3.5 percentage points 19 times out of the 20.
Explain what does the acronym "iid" mean and how does it relate to sampling? Discuss why is it critically important to an econometric analysis to convincingly show the random nature of the data used
Describe independence among two random variables. If X and Y are independent, then Cov(X,Y) = 0. Why is the converse false? Maintain your answer by providing a counterexample to the converse.
Independence Burgers serves fast food at its 300 franchised across the South. The chain has recently found that (a) people are upgrading to restaurants when they eat out
Calculate the limits to the United States long-term economic growth? Is there anything that our government can do to address these limits, or would it be a bad idea to try?
Suppose D represents the level of decentralization of corporate decision-making. The benefits of decentralization, denoted the B, = 3D and the costs of decentralization, denoted, C = 2D + 2
Calculate the probability that at least three workers take public transportation daily (to 4 decimals) in a sample of 9 workers?
Explain the three key managerial insights from the Game Theory, as they relate to the Costco's move to announce that they were closed on thanksgiving and that they care about their employees.
Discuss how low can the Federal Reserve lower the Real interest rate? How much output is recovered? Is it enough to push the economy back to potential?
Explain why would China want its own currency to be devalued relative to the U. S. dollar? Discuss how does China maintain an undervalued currency?
Explain the meaning of unit travel. When traveling on a greyhound bus, without obstruction or intervention, it is important to determine the unit travel time.