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They want to know whether the prices of the cars they sell are more influenced by the age of the car or by the mileage on the car.
Provide and explain any restrictions on the parameters x, y and z. (You may focus your analysis to restrictions on the parameters for the specific case when P=I=1 if helpful).
The cost of production rises due to a rise in the price of a milk. Use a demand supply model, to determine what happen to the equilibrium price and quantity in this case.
Given the following annual information about a hypothetical country, Personal consumption expenditures $200. What is the value of net domestic product?
To infer the political tendencies of the students at your college/university, you sample 150 of them. Only one of the following is a simple random sample?
Explain with the help of appropriate diagrams whether the following statement is true, false, or uncertain: "An increase in autonomous investment will cause equilibrium output to increase.
Suppose at Columbia University, grade point average (GPA) and SAT scores are related by the conditional expectation E(GPA|SAT) = .90 + .001 SAT. Find the expected GPA when SAT = 1600.
Suppose we use two inputs, lets say capital and labor, and the price of capital is Pk and the price of labor is Pl. If we want to know the optimal input combination in the long run, what condition
Graph these two demand curves (on two separate graphs next to each other, each with P on the y-axis). How many discs will be sold (total) if the price is $6? How much total consumer surplus do these c
Explain what the lump-sum principle would suggest about which way would allow the money to be raised with the smallest loss in overall utility. Then make an argument for why the government may still
the same amount of money on coffee as before (where the alternative is to keep remaining money for other things)? Explain your answer, including a discussion of the relevant price elasticity issues.
Graph Paula's budget constraint and initial utility-maximizing choice, putting deli meals on the x-axis. Write down the equation for the budget constraint - what is its slope.
Explain whether the following events would result in a move along an individual's demand curve or would cause a shift of the curve - and if it would cause a shift, provide the direction of the shift
If Y is 10 and Pf is $1, solve mathematically for equilibrium Quantity and equilibrium Pb. If the average income in the town increases to 15, solve for the new equilibrium Quantity and equilibrium Pb.
Gerry receives a raise from $10 per hour to $12.50 per hour. After the raise, Gerry increase the number of channels in her cable subscription from 50 to 75,.What is Gerry's income elasticity of cab
What is the market price elasticity of demand for discs at the price of $12? Is demand at that point elastic or inelastic? What is the elasticity at a price of $ 4? Is demand at that point elastic o
Suppose you currently consume 10 cups of coffee per week, at a cost of $4 each, at the local Fourbucks. Will the substitution effect move you toward more or less consumption of coffee?
Compare Democratic National Convention and the Republican National Convention, form economic point, which one was it better or worse? please give me a answer around 250 words and reference as well.
Leftward or rightward movement a long a given curve. Also indicate whether each will have an increasing, decreasing, or uncertain effect on the level average cost.
We know tastes and preferences play an important role in "demand". Can you think of any possible future "popular product"? In what markets, expectations are very important? Can you think of an examp
By what percentage has the price increased going from crude oil before refining to final sale to the motorist? Also what happens when oil at $100/barrel and retail outlet price at $4.00/gal ($1.06/L
Determine whether the following transactions involve spot exchange, contracts, or vertical integration. A major oil company refines gasoline from crude oil produced by oil wells that it owns.
With each provider, what is the cost to your friend of an extra minute on the phone? How much would he end up paying each provider every month?
What is your company's position in this market? Who are its closest competitors? To what extent do your company's decisions about pricing and output affect other firms in the industry?