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An employee survey says, "Employees at this institution are very satisfied with working here. Please rate your satisfaction with the institution." Discuss how this question could create bias.
If the cost of medical care increases by 40 percent, then, other things the same, the CPI is likely to increase by about
Different products have different elasticities. Heart medication, for example, is inelastic, and corn is elastic. Find a product that has not already been selected by another student and describe its price elasticity and income elasticity.
Identify three types of competition that most firms encounter other than competition from other firms in their industry in their home country.
q.investment and monetary policya the economist on the 7th may 2011 printed the followingas vietnams government appears
Mars Inc manufacturers M&Ms the milk chocolate comes in a variety of colors: blue brown green orange red and yellow the overall proportions for the colors are 0.24 blue, 0.13 brown, 0.20 green, 0.16 orange, 0.13 red and 0.14 yellow in a sampling stud..
the assignment is to determine the same information on the demand for gasoline tab using the information in the example
Amy wants to estimate the average number of items per purchase at the express lane of a local grocery store. She has estimated the following probabilities based on a sample size of 50 customers. Determine the expected value, variance, and standard de..
Another important law in economics is the "law of marginal returns or the law of increasing costs". Discuss in terms of your study in this course
Mike spends all his money on Jelly Beans and Gummy Bears and these two products are perfect substitutes for Mike. A few of Mike’s indifference curves are shown in the figure below. The dark line L is Mike’s budget line at current prices. The Jelly Be..
Suppose that the number of pairs of clothes in a year by Americans is normally distributed and the mean number of clothes is 20 a year.
Derivatives are financial instruments:
Explain also by using graphs welfare off policy measures on consumer and producer surplus and net gain or loss to society.
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