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a) Calculate the mean of the following 5 numbers: 3, 7, 8, 12, 15
b) Write down any set of numbers. Calculate thier mean, and then the average deviation from the mean.
c) Prove that, for every possible sample of n observations, the average deviation from the mean is exactly zero. Is this also true for deviations from the median?
Consider the following problem: There are two generators in this system and there is a load of 1,000MW. There is only one node in this network.
Use the Phillips Curve to describe the tradeoffs between inflation and the unemployment rate, both in the short-run and in the long-run.
A negative externality created by a producer means that from the standpoint of the public's well being and for the producer and his/her industry in question Even a perfectly competitive market may produce too little of a good
Why did the budget deficits rise sharply in 1991 and 1992 what explains the ;arge budget surpluses of the late 1900s and early 2000s What caused the swing from the budget surpluses to the series of budget deficits beginning in 2002
Can you please provide a real-world example of product (a good or service) which has either an external cost or external benefit associated with it and propose the government policy to adjust for the over- or underproduction of this product.
What do you see as the basic values that underlie this approach to solving the access to care problem? Do these values align with specific political perspectives?
If you had a business exporting goods to Britain, and U.S. inflation fell as discussed above in this example, would you plan to expand production or cut back? Why?
If the lending process continues as far as it can possibly go, how many deposit dollars will be created from this initial $1000 deposit?
Economists make decisions by thinking in terms of alternatives. Why do economists thinks there is no such thing as a free lunch?
In your paper, compare and contrast how technology has helped build your business and personal relationships versus how technology has weakened those relationships.5.What can you and others do to use technology (including social media) to reduce a..
Differentiate the way Keynes and Friedman approach the economy. Determine the key differences and similarities?
At a management luncheon, two managers were overheard arguing about the following statement: "A manager should never hire another worker if the new person causes diminishing returns." Is this statment correct
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