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What are the most significant challenges which economists try to address? What is the role of government in the market based economy? Do the laws of economics still work today?
Calculate and interpret the two cost variances. How are the variances related?
Estimate the unemployment trend equation by deseasonalizing the data. Interpret the statistical significance of your regression results at 5% level of significance.
Formulate the investor’s linear programming problem.Find out the investor’s optimal portfolio allocation and the maximum expected return on her portfolio. (To find out the optimal portfo
Discuss the price elasticity of demand for the product which the firm produce or service it provides and also describe the cost and market structure in which the firm operates.
The Textile Workers of America is planning to strike for higher wages. Management predicts which if the strike is successful, the cost of labour will rise to $100 per day.
Which strategy offers both Westinghouse and General Electric the best financial outcome
Describe the problem and Formulate a model (functional relationship), use a linear regression model.
Describe with use supply and demand diagrams, how the markets are affected in terms of the prices and quantities.
State the profit maximization problem of firm 1 and use the first order condition to derive firm 1's reaction function.
Describe with numeral illustration that marginal revenue is always lower than the price when monopolists charge single price for all the units to sell.
Explain each of the following using supply and demand diagrams.
A decrease in the banana’s supply caused by the cyclone in Queensland causing the supply curve to shift to the left from s0 to s1.
Draw the production possibility curve and list the underlying assumptions.