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1. A town has 100,000 families; 0.1 of 1% of these families have incomes over $200,000 a year. The number of such families is.
2. There are 100 million eligible voters in the United States. The Gallup poll interviews 5,000 of them. This amounts to 1 eligible voter out of every.
3. In the United States, one person out of every 200 is in the army, and 8 of every 10,000 are army officers. What percentage of army personnel are officers, or can this be determined from the information given?
4. In the US, one person out of every 500 is in the navy, and one-sixth of naval personnel are officers. What fraction of the U.S. population consists of naval officers? Or can this be determined from the information given?
Developing countries complain that the current international trade practice doesn’t reward the developing countries due to the worsening terms of trade of primary products that are exported mainly from developing to developed countries. What are the ..
The following questions are about the one-period macroeconomic model discussed in class. Notice that nothing has been specified about the preferences of the consumer or the production technology of the firm. Suppose there is a new production technolo..
Assume that the market for wheat is perfectly competitive, with demand curve P = 5000 ? 0.01QD and a supply curve P = 1+0.1QS. Each identical wheat producer has a total cost curve given by T C = 1+Q+Q2 , which results in marginal cost of MC = 1 + 2Q...
Select a project from IBM’s recent academic collaborations. Describe in a paragraph what this project is. Go back to the IBM front page, find “Investor Relations” at the bottom of the page. Go to IBM’s most recent annual report. How much did IBM spen..
Divide the gain or loss by the number of years to maturity to calculate the average annual gain/loss. Calculate the yield to maturity on this bond.
Explain the short-run effects of eliminating rent control on apartments. In a competitive industry, with competitive supplies of labor and capital goods which have only normal gains, which factor obtains the "producer surplus"? What is the economic e..
The recent immigration of labor into the United States from Mexico has led to increased calls for new restrictions on this movement of labor (including greater enforcement of existing restrictions). What would be the costs and benefits to the United ..
Imagine that you are the Director of the HR Department at your current organization or an organization with which you are familiar.
What is the sum of the mean deviations in the distribution (1,3,5,7, 9)?
A student deposits $50,000 cash for his school fee in a bank that pays 20% simple interest per annum. If the student goes to withdraw the money after four years
Suppose that in the short run capital is fixed and labor is variable. What happens to the firm’s average cost, average variable cost, and marginal cost when the following changes occur?
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
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