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Assume you are working at the Consumer Protection Agency. Recently, you have been getting complaints about the highway gas mileage of a new minivan. The car company agrees to allow you to select randomly 40 of its new minivans to test their highway mileage. The company claims that its minivans get 28 miles per gallon on the highway. Your results show a mean of 26.7 and a standard deviaTon of 4.2. You are not certain if you should create a conFdence interval or run a hypothesis test. You decide to do both at the same Tme. You run a one-tail test, two-tail test, and a conFdence interval. You decide to accept an alpha risk of 0.05.
q1. elucidate average costs are minimized when marginal costs are at their lowest point.q2. the provide side economics
Over this range of output, the firm is experiencing economies of scale. Is this true or false? Why is this false? What is economies of scale?
Assuming fuel is one of the main inputs for many sectors. When a war breaks out in Country X, which is the main producer for fuel in the world, it causes fuel supply disruptions in the world.
In the economy of Qonos in 2102 investment was $1,611, GDP was $5,829, government spending was $1,521 and consumption was $1,694. What was Qonos's net exports in 2102?
Prepare critical analyses as a group project and present a PowerPoint presentation. This analysis will consist of researching current articles from any periodical or textbook.
Characterize labor conditions in the new economy. Address the following: What working conditions do most people have? Who controls labor conditions?
Can we conclude, at the 0.05 level of significance, that the population mean adult sodium level differs from that claimed by the laboratory?
We’ve talked about how companies simplify Profit = Total Revenue – Total Cost. We’ve also discussed how the more meaningful definition of profit is Profit = Total Value – Total Cost, where all costs are opportunity costs. How might an obsession with ..
Dale will buy one pad of paper for his immediate needs. How many extra pads of computation paper should he buy?
Explain what demand deposits are and why they should be included in the stock of money?
In year 1, the rental apartment market in a certain city is in equilibrium. In year 2, the population of the city grow significantly.
What is "creative destruction" and what would be a recent example of it? What is Schumpeter's view of the role of the entrepreneur in the economy? What is the difference between Christensen's "sustaining technologies" and "disruptive technologies" in..
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