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The annual incomes of the five vice presidents of TMV Industries are: $125,000; $128,000; $122,000; $133,000; and $140,000. Consider this a population. a. What is the range? b. What is the arithmetic mean income? c. What is the population variance? The standard deviation? d. The annual incomes of officers of another firm similar to TMV Industries were also studied. The mean was $129,000 and the standard deviation $8,612. Compare the means and dispersions in the two firms.
Imagine a waste processing plant that is causing air pollution (measured in tons per year), and has marginal abatement costs given by MAC1 = 100 – 0.005E1. The marginal damages from the pollution is given by MD = 0.003E. The government establishes li..
For each of the following decisions determine whether the manager is in a short-run or long-run situation.
Why was/were the firm(s) investigated for antitrust behavior?
Other things equal, would the formation of a customs union with many members be more likely or less likely to improve welfare for a given member country than the formation of a customs union with only a few members? Other things equal, would the form..
The demand for a monopolist's output is 2,000 / (p+1)2 where p is the price she charges. At a price of 3, the elasticity of demand for the monopolist's output is:
q1. target a multinational corporationinternational company and the practice of outsourcing to third world countries.
q1. the law in ruba says no worker shall be paid less than nine slugs per hour. estimate the quantity of labor supplied
Your partner and you have met with your property insurance agent for an annual insurance policy review. Your partner asks why you have to pay so much for liability insurance. What would you tell your partner about liability and negligence issues?
Among which of the following will cause an increase in producer surplus. Which of the following causes a shortage of a good.
Do some research on the Internet to determine what fiscal policy initiatives the U.S. government used to address the economic crisis of 2008-2009. Which initiatives seem to have been most effective?
Political advertising is often directed at winning over so-called swing voters, whose votes might go either way. Suppose that two political parties—the Freedom Party and the Liberty Party—disagree on whether to build a new road. Polling shows that of..
Medium household income in County C is $54,021. Medium household income in Country D is $28,739. In County C, 17.4 percent of residents smoke. In County D, 28.4 percent of residents smoke. What is the arc income elasticity of demand for tobacco use?
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