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I have a theory that if you ask participants to sort one-sentence characteristics of people (e.g., "I eat too fast") into five piles ranging from not at all like me to very much like me, the percentage of items placed in each pile will be approximately 10%, 20%, 40%, 20%, and 10% for the five piles. I have one of my children sort 50 statements and obtain the following data:
8
10
20
4
Do these data support my hypothesis?
Suppose you have been recently employed as manager of a restaurant and a very important credit card firm offers you a deal that is supposed to raise your sales.
suppose that, during the past year, the price of a laptop computer rose from $2,300 to $2,700 per laptop. During the same time period, consumer sales decreased from 600,000 to 500,000 laptops. Calculate the elasticity of demand between these two p..
Damaged goods and obsolete items have been properly accounted for.
Suppose that there is a negative externality in the market for trout in Colorado. Letting Q represent pounds of trout, explain (using graphs and words) why government intervention in the market for trout may be appropriate.
The standard best practice technology available to any firm in anindustry uses a factory with an Average Cost Curve given by: AC= a-bq+cq^2 when output(q)= 0 then AC=10, minimum AC=5 , this is achieved when output(q) =30
Which has the smaller outside lag-fiscal or monetary policy?
Robertson Inc. wishes to set aside lump sum money to withdraw from and invest in automating parts of its business over the next 5 years. This money is expected to earn compound interest at the rate of 10% per year.
The weight of wrestlers is normally distributed with a mean of 205 pounds and a standard deviation of 20 pounds. What is the probability that a particular wrestler will weigh less than 210 pounds
Marshall, in another portion of his book, states that land is but a particular form of capital from the point of view of the manufacturer. Is this a contradiction? Explain.
calculate the V(gdp) using the velocity formula. All given is a LRAS graph with the following information derived from the graph Real GDP = 9 trillion and Price level = 3; Furthermore The AD line intercepts the x axis at 18 trillion and the y axis ..
Compare both the classification performance and interpretability of the final model.
You own a building that has 4 possible uses: a cafe, a craft store, a hardware store, and a bookstore. The value of the building in each use is $2000; $3000; $4000; and $5000, respectively. You decide to open a hardware store. The opportunity cost..
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