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What is the difference between central limit theorem and t-test? When to apply CLT and when to apply t-test when computing condifence interval?
q.suppose the consumption of gold offers people a marginal utility that diminishes as that person consumes more gold.
What is the opportunity cost of producing lumber in the U.S.? What is the opportunity cost of producing cars in the U.S.?
Suppose that your firm is the only producer of a high-tech sports utility vehicle for North American markets. Assume a constant marginal cost of $25,000 to produce each vehicle and no fixed costs of production.
Explain why firms in these industries would prefer to have high leverage. Include some news from an article that is less than a year old that is applicable
The perfectly competitive market structure is widely regarded as the most desirable way in which a market should operate. Please explain why economists come to this conclusion. Please also use a real world example in your explanation and use a chart/..
Regional economic integration can be seen as an attempt to achieve additional gains from the free flow of trade and investment between countries beyond those attainable under international agreements, such as the WTO. What are the pros and cons of th..
If investors in Europe lose confidence in Turkey’s leadership and decide to pull assets out of Turkey, what will this do to the exchange rate between the Euro and the Turkish Lira? Explain and illustrate with supply-demand graph(s). Be as specific an..
According to the aggregate demand/aggregate supply model, all of the following are effects of increased prices except
Suppose your firm produces a branded drug at an average cost of ?$33 per dose and a price of ?$66 per dose.
When the United States recovers from a recession, this tends to shift Germany's AD curve _________________, which _____________ Germany's price level. Assuming that the increase in the value of the dollar in the foreign exchange market has a greater ..
Consider the following model of international migration. The potential migrants originate in country 0, the source country. Worker 1 has 1 efficiency unit of skill, worker 2 has 2 efficiency units of skill, and worker 3 has 3 efficiency units of skil..
What factors influence a firm's competitive strategies? How does global economic competition affect the price elasticity of demand in the domestic market and decisions r elated to the strategy a firm uses to compete? Why do most economists oppose tra..
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