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Do you hate Mondays? Researchers in Germany have provided another reason for you: They concluded that the risk of heart attack on a Monday for a working person may be as much as 50% greater than on any other day.1 The researchers kept track of heart attacks and coronary arrests over a period of 5 years among 330,000 people who lived near Augsberg, Germany. In an attempt to verify the researcher's claim, 200 working people who had recently had heart attacks were surveyed. The day on which their heart attacks occurred appear in the following table.
Do these data present sufficient evidence to indicate that there is a difference in the percentages of heart attacks that occur on different days of the week? Test using α=.05.
A firm in a non-competitive market has the total cost function TC = 3 Q- 6Q2+ 50Q + 45. The demand function for this firm's product is P = 35 - 2Q- Write the firm's marginal revenue function.
What is the opportunity cost of increasing the annual output of corn from 800 to 1000 pounds and what is the opportunity cost of increasing the annual output of corn from 200 to 400 pounds?
What type of barriers to entry exists in this Industry and how did Virgin Mobile manage to enter into this industry and justify why it is beneficial for existing firms to attempt to create such barriers.
Question 3: [5 points] Consider a Hotelling line of length 1 with firms currently located at 0.29 and 0.75. Prices for all firms are fixed at p. You are advising a third firm about where to locate on the line. What is the best location you can sugges..
What does the Laffer curve represent?
In August 2007, a sharp downturn in the U.S. housing market reduced the income of many who worked in the home con- struction industry. A Wall Street Journal news article reported that Wal-Mart's wire-transfer business was likely to suffer because ..
Why do some economists claim that we should not worry too much about inflation at this level?
Do chief executive of?cers (CEOs) and their top managers always agree on the goals of the company? Goal importance congruence between CEOs and vice presidents (VPs) was studied in the Academy of Management Journal (February 2008). The researchers us..
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"GDP and GNP"
Presume a product suddenly loses popularity and the firms producing the product begin to realize large losses. In response, entrepreneurs would:
Gross investment is the?
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