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According to a certain? survey, adults spend 2.45 hours per day watching television on a weekday. Assume that the standard deviation for? "time spent watching television on a? weekday" is 1.93 hours. If a random sample of 60 adults is? obtained, describe the sampling distribution of x overbar, the mean amount of time spent watching television on a weekday.
Consider an economy in which people wish to hold bank checking deposits worth a total of 5 million goods and currency worth 2 million goods in every period. In addition there is a stock of unintermediated capital worth 10 million goods. Find the valu..
As additional units are produced, the marginal revenue product falls for all firms because marginal product decreases. For firms operating in industries that are not perfectly competitive, marginal revenue product also falls because
Is the long term survival of the United States economy at risk because of the United states government's level of debt and the amount of the debt held by foreign entities such as China? Why or why not?
Suppose the demand for crossing the Golden Gate Bridge is given by. What is the price elasticity of demand at this point? Could the bridge authorities increase their revenues by changing their price?
1. The following table shows the prices and quantity demanded of Alberta wheat in 2014 and 2015. The change in 2012 resulted from exceptional weather, resulting
If you were to take the position of a supply-sider which is a proponent of supply-side economics, illustrate what tool of Supply-side economics do you believe would help promote economic growth In the United States given today’s economic environ..
Think about the confectionery category (candy, gum, and mint) and then choose a product within that category. There are many products available in stores within this category for us to consider purchasing. Describe the channel strategy that would be ..
If expected inflation equals actual inflation, what is the rate of unemployment?
Initially Country A imports apples because the world price (PW, blue) is below the price that would apply (PA), in the absence of trade, in A; illustrated in diagram 1. Consumer and producer surplus are shaded in green and yellow respectively. show t..
The income elasticity for most staple foods, such as wheat, is known to be between zero and one.
You have budgeted a maximum of $250 per month for a car loan. (a) If your bank offers financing terms of 60 months at a yearly 12% interest, what is the most you can pay for a car? Do not put a $ or comma in your answer. Make sure you put interest in..
Explain how open market operations affect the money supply, interest rates, investment and GDP. If output is above/below full employment, explain how and why an increase/decrease in wages and prices will bring the economy back to full employment. “Fi..
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