The goal of the project is to develop a statistical model for a specific business problem and provide a thorough analysis of it.Possible topics: prediction of prices for a specific stock/bitcoin/commodity/futures/options; prediction of a country’s GDP level using market indicators; prediction of auto sales; analysis of bonds liquidity, etc.You should choose a topic that interests you, construct a solid multivariable regression model by brainstorming which […]

Suppose the U.S. government passes a law that mandates that gasoline will now cost $10.00 a gallon.  Consider the following questions: a. What does the supply and demand model predict will happen in the market? Show graphically. b. What will happen to consumer and producer surplus? Show graphically. c. Assuming the current market for gasoline is competitive, will this create a market failure or a […]

Instructions Ruby Red Movie Theater has experimented with using different numbers of workers in the concession area of the theater as well as at the ticket counter. In these experiments, Tracy, the manager of the theater, collected data on total number of buckets of popcorn as well as movie ticket sales produced per day. Tracy would like for you to analyze the data and tell […]

Time for tasty homeworkIs your assignment properly saved as yourlastname.docx?For questions 1-2, Read the “In the News” column on in 10-5 pp. 202-203 of your textbook entitled “No Sex, Please, We’re French.”1. Why are several European countries like Spain, Italy, and the U.K. now including illegal activities like prostitution and drugs in their GDP calculations? (4 points) 2. What is the French reason for not including these […]

You need to allocate a monetary budget of w euros between gigabytes of data per month of data transfer on a smartphone (x-axis) and all other consumption (on y-axis). The simplest pricing scheme allows you to buy any number x of GB per month at a fixed price of p euros per GB (prices and GB are in monthly terms). How many GB can you buy if you use your entire budget on GB? […]

Instructions The Ruby Red Movie Theater in town is in jeopardy of having to close its doors because it is unable to generate enough total revenue. In an effort to generate more revenue, the movie theater manager decided to change the prices this month for drinks, popcorn, candy, hot dogs, and movie tickets. The manager would like for you to analyze the data that has […]

Since the beginning of the pandemic (COVID-19), there has been a disruption in the supply chain which has led to shortages of goods on the stores’ shelves. Having studied production in the third week of this class, explain the possibility of a fall in the supply of some specific resources that could have prolonged these shortages. Note: 1. Your discussion should not be more than […]

Instructions You are continuing to serve as a private economic consultant for Ruby Red Movie Theater in town. The theater would like to have your input concerning what prices they should charge for movie tickets and the average prices for concession stand items. Access the Unit II Assignment Worksheet in Blackboard. Assignment Instructions: Complete the Unit II Assignment Worksheet. This worksheet contains a series of […]

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Module 2 – CaseSUPPLY AND DEMANDAssignment Overview In this assignment, you will be applying the reading and research you have done to answer questions dealing with various aspects of supply, demand, and equilibrium. This is a multi-part assignment, so make sure that you have addressed each question or topic. The best way to approach this assignment is to prepare your responses in outline form following […]