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Suppose some variable X has a population mean of 20, a population standard deviation of 5, and a population size of 37. If a sample of 36 is drawn from this population, calculate the sample standard deviation.
What could explain this consistent drop in the price of MP3 players? Use the model for the long-run competitive firm to illustrate your answer
Price Quantity Demanded $200 1000 $150 1400 $100 1800 If price falls from $150 to $100, Arrows representing the price and quantity effects both point down. An arrow representing the price effect points down and is shorter than an arrow for the quanti..
Externalities. Consider the example of the perfectly competitive steel firm from class. The firm takes the market price p = $35 (per unit of steel) as given and chooses quantity q (units of steel) to maximize its profits. On a single graph, draw both..
Unemployment workers receive unemployment insurance payments from the government. Does the existence of unemployment insurance make it likely that consumption will fluctuate more or fluctuate less over the business cycle than it would in the absence ..
In what sense does the Fed "create money"? Suppose that the minimum required reserve ratio for banks was 1/11. Also suppose that banks held no excess reserves and that currency in circulation was unchanged. What action in the Treasury bill market wou..
Explain how will the market restrain economic freedom. Explain how will society produce goods and services at lowest cost.
Bob makes hand-sewn sweaters, 250 of them per year, sold for $200 each. His annual costs are: fabric for $300, thread for $50, a sewing machine that is leased annually for $40, and needles that are leased annually for $5. T
Use your own words to write about apple (fruit) consumption in the United States. Please do not use Google unless you paraphrase and list resources. Describe as much as you can.
What is the economic rationale for the countries of Europe to enter into a customs union, later to be strengthened by the Single Market Act and the Maastricht Treaty?
Mr Smith has saved $1800 each year for 20 years. A year after the saving period ended, Mr Smith withdrew $7500 each year for a period of 5 years. In the sixth and seventh years, he only withdrew $5000 per year. In the eighth year, he decided to withd..
Please take a few days to help me conduct a research on the history of crude oil prices and give me a 100-150 word essay on how recent crude oil prices are affecting gasoline prices at the pump or gas stations
Business organization operation and conduct a brief research to identify the market structures in which the business operates
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