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A study of the effect of television commercials on 12-year-old children measured their attention span, in seconds. The commercials were for clothes, food, and toys. At the .05 significance level, is there a difference in the mean attention span of the children for the various commercials? Are there significant differences between pairs of means? Would you recommend dropping one of the three commercial types?
NBC executives have developed a new professional sports league—the XBL (Extreme Badmiton League). The short-run production function for televised games has been determined to be Q=25L-2.25L2, where L is the number of players.
In a small developing country, Second Chance Used Cars is a government-protected monopoly seller of used cars. The first two columns of the table represent the yearly demand Second Chance faces for used cars. To find the values for marginal revenue f..
Fixed cost for a hot water line per meter of pipe is $100X+$250 per year. The cost for loss of heat from the pipe per meter is $5.4X^-2 per year. Here, X represents the thickness of insulation inmeters, and X is a continuous design variable. What is ..
Each of the 10 firms in a competitive market has a cost function of c=25+q^2. The market demand function is q=120-p. Determine the equilibrium price, quantity per firm and market quantity.
An investor has a project that would cost $60 million today and yield a payoff of $10 million in the end of year 1, $20 million in the end of year 2, $30 million in the end of year 3, and $30 million in the end of year 4. Should this investor underta..
If the cost of providing g streetlights is given by c(g)=g^2, what is the Pareto efficient(optimal) number of streetlights to provide?
a. Determine whether New Deer has a dominant strategy. If so, what is New Deer's dominant strategy?
Determine the profit-maximizing price of each meal assuming The Blue Dragon is behaving as a monopoly. Determine the profit of the Restaurant. What price should it charge as a competitive firm? Would it still make a profit if it behaved like a compet..
Using the foreign exchange market diagram, graphically illustrate and explain the impact of an increase in the US income, all else constant, on the exchange rate.
What if we were to change our perspective on the money spent on education from one based on costs to one based on benefits. Does anyone have any knowledge of what is the life-long earnings for individuals with differing level of education?
In Problem 2, if there are ten such firms, then the industry marginal cost curve is MC(Q) = 3 + (8/10)Q. If this industry faces the demand curve in Problem 1, then the quantity produced is Q=35/9=3.89 at a price of P = 110/18 = 6.11. If the ten firms..
What are exchange rate stabilization techniques for big firms with international branches that try to reduce their tax liabilities?
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