
(b) [6 points] For this experiment is the sample median an unbiased estimator of the population median?

If not, explain why. Yes. It is the horizontal differences between Qm and Q that minimizes ATC. Points: 5 d) If the market for yogurt was competitive would there be excess capacity? In one sentence: explain why/why not. No. In a competitive market in the long run P=ATC but firms produce...

Explain why or why not.

Draw her budget constraint. An outbreak of potato rot raises the price of potatoes to $4 per pound. The supermarket ends its promotion. What does her budget constraint look like now? What combination of meat and potatoes maximizes her utility? 5. Jane receives utility from days spent...

Show below how the following graphs change. (In the two graphs plotting the investment curve and the capital outows curve, show how the equilibrium represented by the circle change.) (6 points.) National Saving S = Y Do the following variables increase, decrease or remain constant?

Scenario 131 Joe wants to start his own business. (i) forgone investment opportunities (ii) wages of workers (iii) raw materials costs a. b. c. d. (i) (ii) (ii) and (iii) (i) and (iii). ____ 128. Which of the following would be categorized as an implicit cost?

P(X>3) = P(X=4) + P(X=5), where P(X=x) = C5x0.4x(10.4)5x b) If 4 of the balls in a certain box are red and 7 are black and if 5 balls are selected from the box at random without replacement, what is the probability that more than 3 red balls will be selected?

A) suppose there are 300 of the young in some period t. Then, how many good are paid to the government for tax in this period? In the period t, how many good can each old person get and consume?

Up the equity as profit. Not only do you make money on the way in of a purchase, but on the way out too! Profits come from every direction. Is it realistic that NOBODY saw the consequences of writing these types of loans?

5. [10 points] Explain how the assumptions needed for the GaussMarkov theorem to apply are changed when there is a stochastic regressor. 6. Consider the following simultaneous equations model. (a) [5 points] How would you estimate the parameter ? Is it identified? (b) [5 points] How would you...
Ask a new Economics Question
Tips for asking Questions
 Provide any and all relevant background materials. Attach files if necessary to ensure your tutor has all necessary information to answer your question as completely as possible
 Set a compelling price: While our Tutors are eager to answer your questions, giving them a compelling price incentive speeds up the process by avoiding any unnecessary price negotiations
Sample Questions
 1. Can you help me understand why marginal analysis is important in economics? How can any firm find the right production level which guarantees maximum profit (or minimum loss)?
 2. Has the United States become more or less economically free during the past decade? What impact will this have on the future economic growth of the United States?