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The American restaurant association collected info of the number of meals eaten outside the home per week by young married couples. A survey of 60 couples showed the sample mean number of meals eaten outside the home was 2.76 meals per week, with a standard deviation of 0.75 meal per week. Construct a 99% confidence interval for the population mean. (round to 2 decimal places.)
The market demand is P=100-1.5Q and marginal & average costs are constant at 10 (MC=AC=10) find the monopoly price and quantity. find the perfect competition price and quantity. calculate profit, social welfare(consumer and producer surpluses), and d..
A concerned Congress votes to impose a price floor $2 above the equilibrium price. Illustrate what is the new market price.
What are the common patterns of converting people in prison to violent radical causes as posited by Mark Hamm? What does Hamm say lies behind most all prison conversions?
In 3-4 pages discuss strategy and organization design of multi-business organizations, the mixed-model approach.
An important way to reduce water pollution from farms is to plant a buffer zone between crops and the water. Economists estimate that for each bush there is a $20 gain in reduced pollution. What is the market clearing equilibrium price and quantity?
q1. suppose you have 7000 in savings when the price index is at 100. if inflation pushes the price level up 10 what
There are 300 purely competitive farms in local dairy market. Of the 300 dairy farms, 297 have a cost structure that generates profits of $24 for every $300 invested. What is their percentage rate of return? The other two dairies have a cost that gen..
Identify market structure Identify elasticity of the product Include rationale for the following questions: How will pricing relate to elasticity of your product?
Discuss contributions of competing and dominant school of thought to evolution of labour economics; mention paradigm differences and distinctions between old labour economics and new labour economics.
Refer to the yield curve above for February 2015. According to the expectations theory, what was the interest rate expected to be on a one-year Treasury security February 2016? Refer to the yield curve above for February 2015. Suppose the yield on th..
q1. what effective value is facing japan airlines for the purchase of a boeing 747 if boeings aircraft values in
Which of the following would result in a short-run increase in the wage rate in a com- petitive labor market?
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