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Behavioral researchers have developed an index designed to measure managerial success. The index (measured on a 100-point scale) is based on the manager's length of time in the organization and his or her level within the firm: the higher the index, the more successful the manager. A researcher wants to compare the average success index for two groups of managers at la large manufacturing plant. Managers in group 1 engage in a high volume of interactions with people outside their work unit, while managers in group 2 rarely interact with people outside their work unit. Independent random samples of 12 and 15 managers are selected from groups 1 and 2 and the success index of each recorded. In group 1 the mean is 65.33 and the standard deviation is 6.61. In group 2 the mean is 49.47 and the standard deviation is 9.33. Test the null that there is no difference versus the alternative that there is a difference. Use =0.05.
Tyvex LLC produces professional quality color laser printers. The market for professional color laser printers is monopolistically competitive. Suppoe that the inverse demand curve faced by Tyvex
Define and describe the difference between the absolute advantage and the comparative advantage.
Identify at least four policies from the textbook that the government has created to impact economic growth and productivity.
Emily makes cartoons whioch she sells to her classmates. Her average product of labor is 5 cartoons every hour if she works for one hour, four per hour
Suppose that natural real GDP is constant. For every 1 percent increase in the rate of inflation above its expected level, firms are willing to increase real GDP by 2 percent.
Suppose a single parent can work up to 16 hours per day at a wage rate of $10.00 per hour. Various income maintenance programs have been developed to assure a minimum level of income for low-income families, such as Aid to Families with Dependent ..
Illustrate what extent are these definitions of economics and happiness similar. To what extent are they different.
You need $50,000 cash throughout year. Your time is worth $100 per hour and it takes you a half-hour to get cash from your ATM. Your bank is paying 5% per annum passbook savings.
For months, beleaguered American customers have defied expert forecasts that they would soon succumb to pressures of falling home prices, fewer jobs and shrinking paychecks.
Assume that economy starts at equilibrium and the mpc= 0.75. Determine what would be the effect of a $300 increase in government spending once all the rounds of the multiplier process are complete?
Assume an employer offers a base wage of twenty dollar per hour for the 1st 40-hours of a work each week and overtime pay of thirty dollar per hour for any hours beyond forty per week,
Suppose the effects of a change in the money supply in an open economy under a flexible exchange rate system. How are your conclusion affected by the adoption of a fixed exchange rate.
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