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Do you think that GDP is the best measure of social economics well being? Why or why not? If not, what might be some better measures and why?
Given a 98% confidence interval when the population standard deviation is known and a sample size of n = 30, what is the critical value?
Suppose a consumer live two periods, in the first have an income m1 = 30 and in the second an income of m2 = 20. Suppose the interest rate is 10% and can borrow and lend at that interest rate. What is the maximum quantity he can consume in the second..
Estimate how much money the man is expected to win or lose in Atlantic City.
Briefly explain how each of the following events is likely to affect real GDP. Do you think the changes in real GDP rejects a similar change in economic well-beings? A hurricane in Ontario forces Canada's Wonderland to shut down for a month.
How well does quintile analysis describe the actual levels of inequality in compensation (and indeed well-being) among individuals in society?
Enrico Suarez just graduated with a B.S.in engineering and landed a new job with a starting annual salary of 48,000.there are number of things that he would like to do with his new found ”wealth”. For starters, he needs to begin repaying his student ..
If a tax were to be imposed on one of these items, for which item would the tax be the most efficient.
If a political candidate said that if she were elected to Congress, she would work toward cutting federal government spending by one-third over the next four years; would she stand much chance of fulfilling her promise? Why or why not? Discuss the pr..
The behavioral economist Robert Frank speaks of the bounded nature of rationality in his 2008 interview (Challenge 2008) and discusses the axiom of the independence of irrelevant alternatives in rational choice theory.
How would the value of a firm be affected by the following events? The introduction of a new product designed to increase the firm's cas inflows is delayed by one year. The size of expected cash flows is not affected.
There are only 2 firms in a market facing same demand curve as follows: Q = 120 – 10P The marginal cost of each firm are, respectively, MC1 = 4 + 0.2 Q1 and MC2 = 4 + 0.2 Q2 a). Find the profit maximization level of output for both firms. b). which f..
Differentiate among the different types of corporations. Can you supply an example of each type?
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