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Suppose you draw a sample of size 250 from a population of size 1,000. By what factor should you adjust the standard error estimates? (Relative to the usual standard error estimator) and To get a margin of error one-fourth as large, you would need to increase your sample size by a what factor?
The following questions are based on open economy macroeconomic model. The answers must be written in your words along with graphical illustration. Without explaining in your words, the graphical illustration alone will not be credible. what type of ..
Suppose a Japanese company discovers a way to split its production process for televisions into two tasks: component production and assembly, and assembly can be offshored to Indonesia. Together, 0.8 units of production labor and 0.2 units of assembl..
"The principle of the invisible hand asserts that self-interest behavior on the part of resource-owners leads inevitably to chaos" true or false, why?
Starware Software was founded last year to develop software for gaming applications. Initially, the founder invested $800,000 and received 8 million shares of stock. Starware now needs to raise a second round of capital, and it has identified an inte..
In Kessy’s old kitchen, he could bake 10 cookies or mix 15 glasses of lemonade in a day. Now he has a bigger oven and refrigerator. a. First, draw Kessy’s initial PPF assuming constant opportunity cost between cookies and lemonade. Label it PPF1.
Some economists argue that it is possible to raise the standard of living by reducing population growth.
q. if one draws mc curves pre and post innovation as well as the marginal revenue line for a monopoly and the mr in a
The Gauss-Markov theorem states that OLS estimates are BLUE. List what word each letter in the acronym BLUE stands for. Then, give an intuitive definition for each of these words ?
To meet increased delivery demands, a Dairy company just bought 15 new delivery trucks. Each truck cost $30,000 and has an expected life of 4 years. The trucks can each be sold for $8,000 after four years. Using CCA Class 10 depreciation, determine a..
Which of the following is not a concern about nudge policies?
A competitive firm has a short-run total cost curve STC (q)= 0.1q^2 +10q +40. Find and plot the SAC and SAVC curves. For this function, the SMC curve is given by SMC (q)= 0.2q +10.Include this curve in your diagram for part b. Write the equation for..
For our simple model, suppose that the quantity of regular beer demanded per year (Q) is a function of the price of regular beer (p), the price of premium beer (p’), the temperature (t), and the income of consumers (Y): Q = D (p, p’, t, Y). Quantity ..
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