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The daily production rates for a sample of factory workers before and after a training program are shown below. Let d = After - Before. Worker Before After
1 6 9
2 10 12
3 9 10
4 8 11
5 7 9
We want to determine if the training program was effective.
Give the hypotheses for this problem.
Compute the test statistic.
At 95% confidence, test the hypotheses. That is, did the training program actually increase the production rates?
Assume a $6 excise tax is imposed on the good. Conclude the new equilibrium cost also quantity.
Explain the replacement effect, which may cause monopoly firms to innovate less rapidly.
Describe pressures that currency would face due to increasing oil prices. Will this response by central bank increase or decrease foreign reserves.
Define the wage gender gap as the difference in mean earnings between men also women.
Assume that household consumption decision suddenly become less sensitive to change in the rate of interest.
If the required reserve ratio ia 10 percent, up to illustrate what amount could checking account deposits in the banking system as a whole drop.
Ann Page Corporation has fixed expenses of $30,000 per year. Variable expenses per unit are $17. Sales price per unit is $30.
If the economy decides to achieve the Golden Rule level of capital also actually reaches it, illustrate what will be the marginal product of capital.
Should Roscoe's Rascals match the price offered by the competitor.
its marginal propensity to consume is 3/4. If its GNPin period10 is 2,048, explain how much labor and capital did it start with in period0.
Suppose we only use labor in a production run. How do we determine the optimal level of labor input in the short run? In other words what condition must be met
After reviewing efforts to reduce the Deficit, discuss the actions in use by Congress since 1985 to reduce the budget deficits.
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