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Problem
1. Describe an innovation in technology, business, or culture that had a major economic impact in your lifetime.
2. Why do people confuse correlation with causation?
Microeconomics, Economics
Assignment: Consumer Demand Analysis and Estimation Applied Problems Please complete the following two applied problems: Problem 1: Patricia is researching venues for a restaurant business. She is evaluating three major ...
Question: Greg wants you to purchase corporate bond issued by ACDP Manufacturing. It is a 25,000 bond with a bond rate of 8% payable quarterly, and it matures 10 years from today. Bob wishes to ear 10%(nominal,annual) on ...
Question: Assume a firm has an inaccurate or inadequate performance measurement system. What types of decision errors might this cause the firm to make? Be specific, using personal workplace examples if you have any. The ...
Question - The following table shows a worker's wages (annual salary), from 2007 to 2010: Years Annual Salary CPI (base 100=2005) 2007 7524 109 2008 8208 119 2009 8892 125 2010 9234 130 a) Calculate the time-series data ...
Question: Read the WSJ article on the attempted monopolization of the plastic clothes hanger market in this week's notes. Why does monopolization have the potential to increase prices and profitability significantly in t ...
Question: Discuss the likely effect of each of the following on the unemployment rate: a. The length of time workers are eligible to receive unemployment insurance payments doubles. b. The minimum wage is abolished. c. M ...
Question: Give some examples of third-degree price discrimination. Can third-degree price discrimination be effective if the different groups of consumers have different levels of demand but the same price elasticities? ...
Question: President Trump has complained that the U.S. trade deficit is too large. Based on the uses-of-saving identity (S = 1 + NX), how could the U.S. trade deficit be reduced (what are the options)? Explain fully and ...
Question: In August 2002, preliminary data showed that payroll employment rose 39,000, household employment rose 429,000, and the unemployment rate fell from 5.9% to 5.7%. (A) Based on these data, what conclusion would y ...
Question: 1. The demand for labor by an industry is given by the curve L = 1200 - 10w, where L is the labor demanded per day and w is the wage rate. The supply curve is given by L = 20w. What is the equilibrium wage rate ...
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