Regional economics mid-term exam | Economics homework help

PART A: Repartee
any 5 of the questions A.1 – A.7. Do not repartee appended
questions. This separate is appraisement 15% of the exam.
Briefly
define
and yield a favoring
example
of:
A.1.
Perfect competition
A.2.
Monopoly
A.3.
Monopolistic competition
A.4.
NAICS Code
A.5.
Location Quotients
A.6.
An inverse matrix
A.7.
Price discrimination
PART B: Repartee
each
of the questions B.1 – B.3. This separate is appraisement 30% of the
exam.
B.1.
Why is “1” a hazardous compute in conditions of Location Quotients? If the Location
Quotient of some assiduity is greater than one, what does this balance for the area
whose Location Quotient this is?
B.2.
Why do all suppliers lack to appraisement discern?

B.3.
Why don’t all suppliers appraisement discern?
PART C: Repartee
only 1
of the questions C.1 – C.2. Do not repartee appended
questions. This separate is appraisement 55% of the exam.
C.1.
Outline the construction of an input-output design (including assumptions about
supply and claim). What is an inverse matrix? Why is inverting a matrix
significant in conditions of input-output separation?
C.2.
Describe a Linear Programming (LP) Problem. Specifically, delineate (you can
use an in):

Primal Linear Programming Problem

Dual Linear Programming Problem

Interpretation of the Primal Linear Programming Problem

Interpretation of the Dual Linear Programming Problem

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