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Suppose that the manager of a paint supply store wanted to estimate the correct amount of paint contained in one-gallon cans purchased from a nationally known manufacturer. It is known from the manufacturer’s specifications that the standard deviation of the amount of paint is equal to 0.02 gallon. A random sample of 50 cans is selected, and the average amount of paint per one-gallon can is 0.995 gallon. Set up a 99% confidence interval estimate of the true population average amount of paint included in a one-gallon can. Based on your results, do you think that the store owner has a right to complain to the manufacturer?
What would be the effect of sequestration in the neoclassical model? Show graphically and explain. Assume the economy starts at full employment.
In what way (or ways) is the current Knowledge Revolution a child of the Industrial Revolution? Is this a new revolution or simply an extension of the 18th-century revolution? Given the history, is it perhaps more appropriate to call the current revo..
What is the monthly interest rate? How much will Susan pay each month for 45 months? What effective interest rate is being charged?
Give an equation that shows the relationship between excess reserves, maximum checkable-deposit expansion, and the monetary multiplier.
The AFN equation produces more accurate forecasts than the forecasted financial statement method, especially if fixed assets are lumpy, economies of scale exist, or if excess capacity exists.
For each values for the MPC, determine the size of the simple spending multiplier and the total change in real GDP demanded following a $10 billion decrease.
Explain how much total pollution reduction will occur under proposal A and what be will the total compensation received by regions O and R.
Talk about the ramifications involved in conducting business under both/either scenario.
For each item in this list, please explain whether it would be considered a pure public, quasi-public or pure private good. (TIP: Think about whether the item has shared consumption and/or exclusivity to determine what type of good it is.)
q1. the husband of miss young is a monopolist with constant marginal costs of 50 that can sell to three groups of
newsprint the paper used for newspapers is produced in a perfectly competitive industry. each identical firm has a
Suppose Apple has a monopoly on iPhones and Verizon has a monopoly on data plans. An iPhone without a data plan is worthless, and a data plan without an iPhone is worthless. Thus there is no such thing as a demand for iPhones or a demand for data pla..
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