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Before beginning a certain course, 36 students are given an aptitude test. The scores, and the course results (pass/fail) are given below:
Do you think that the aptitude test is useful for selecting students for admission to the course, and if so, how would you determine the pass mark? (Discuss the trade-off between Type I and Type II errors associated with the choice of pass-mark.)
A project generates decreasing cash flows, $10,000 one year from now, decreases $1,000 every year and the project at the end of year 6 (6 years from now). At an annual interest rate of 12%.what type of Gradient is this
If supply is given by Qs = 1000 and the government imposes a tax of 50 on iPhones that must be paid by sellers then Producers will bear the full economic burden of the tax but how come there is no deadweight loss
Suppose the hourly wage is $10 and the price of each unit of capital is $25. The price of output is constant at $50 per unit. The production function is F(L,K)=L^1/2*K^1/2 What is the Marginal product of labor (MPL)
Illustrate your answer by assuming that with advertising, a firm's demand curve has price elasticity of -1.5 and without advertising, it is -2. If MC is $10, what is the difference in the profit-maximizing price.
Is labor demand likely to be more elastic or inelastic in the long run? Why?
The total number of movie projections, M, is the sum of the number paid for by each of the two persons: M = MS + ML. Spielberg and Lucas both have income of 70, and the price of both the private good and a movie projection is 1. They are limited, ..
Unique creations holds a monopoly position in the production and sale of magnometers. The cost function facing Unique is estimated to be TC=$100,000+20Q a) What is marginal cost for Unique b) If the price elasticity of demand for Unique is current..
If GDP is $100 billion, consumptionis $60 billion, investment is $30 billion, and net exports are-$5 billion, what is government spending in this economy
Maha claims that she could collect 10 oranges or can catch one fish per hour from pond besides their hometown in village while khadija claims that she could collect 2 oranges or 2 fish per 2 hours.what is the opportunity cost of catching fish for ..
Post a full draft of your Final Research Essay to this Discussion by Sunday and then provide feedback on at least two of your peer's papers. Is the thesis clearly stated? Does the author support the claim made in the thesis with a persuasive argum..
Evaluate the role of public opinion, interest groups, and political parties in the political system.
Name a product you regularly purchase for which you have an inelastic demand and one for which you have an elastic demand. What determines whether your demand is elastic or inelastic for these products?
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