Econ 191DA-HW#5

Econ 191DA-HW#5 - November 11, 2008 Econ 191DA HW #5 1. a)...

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November 11, 2008 Econ 191DA HW #5 1. a) From the Linda Vista Property listings it is easy to see that generally speaking houses with more bedrooms and bathrooms as well as a larger square footage tend to be more expensive than houses with a lesser amount of bedrooms and bathrooms or with smaller square footages. b) From the Linda Vista Property listings you can see that those houses with greater list prices stayed on the market for longer periods of time and in effect had to eventually lower the selling prices to coincide with the housing demand market more effectively. The houses that were on the market for shorter periods of time (30 days or less) always seem to get their original asking price or get even more than the original listing value. 2. a) The pricing-to-market theory of Marsten considers a firm producing and selling in a domestic market and exporting goods to a foreign market. A firm will generally set different prices in domestic and foreign markets. This is due to the fact that demand
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This note was uploaded on 06/30/2009 for the course ECON 191DA taught by Professor Dubin during the Spring '08 term at UCSB.

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Econ 191DA-HW#5 - November 11, 2008 Econ 191DA HW #5 1. a)...

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