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Define a variable. (2 marks) 2. What is the main challenge in the operationalization of variables? (3 marks} 3. Values of categorical variables must be exhaustive and mutually-exclusive. Explain what does this mean. (4 marks) ' 4. Define dependent and independent variables. (4 marks) 5....

Below is the economy growth model for Malaysia. Economic growth = f ( Technology, Capital, Human Resource) a. If you are a researcher, what are the extension or improvisation you would do to the model above. Justify using theories or previous studies or current issues....

Construct the process of Optimal Input Usage on Price and Consumer demand while reaching optimal combination of inputs.   b. Debate on the concept of short run and the long run firm's cost curve and comment on the situation by providing an example of each case....

Businesses must have an effective pricing strategy to maintain their economic viability. Recognizing that strategies can vary, prepare a one and one half page paper describing three strategies and under what circumstances they would be used....

Subsequent to their price elasticity study, the ice cream company cited in Question #1 was recently named as the best regional ice cream producer in the country. Ice cream connoisseurs all over the country have been seeking out the brand via Amazon and other online...

The marketing manager for Mountain Mist soda needs to decide how many TV spots and magazine ads to run during the next quarter. Each TV spot costs $5000 and is expected to increase sales by 300,000 cans. Each magazine ad costs $2,000 and is expected...