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Rejecting and Failing to Reject the Null Hypothesis
This is a simple journal entry
What is the difference between failing to reject the null hypothesis and having evidence to support the alternative hypothesis?
Each journal entry should be 1 to 2 paragraphs in length.
Say you are the manager of a perfectly competitive firm selling a product. Your business is making a loss because total revenue is less than total costs. What would you do--shut down or continue to operate? How do fixed costs play a role in your an..
Suppose that a natural monopolist was required by law to charge average total cost. On a diagram, label the price charged and the deadweight loss to society relative to marginal cost pricing. Briefly explain your diagram and comment on the results..
Under what circumstances will the production function exhibit (a) decreasing (b) constant (c) increasing returns to scale? Explain this using first the production function and then the cost function.
Find (algebraically) consumer’sAutility maximizing (optimal) combination of Qax and Qay. At this point compute the level of utility enjoyed by consumer A.
Determine whether each of the following would cause a shift of the aggregate demand curve, a shift of the aggregate supply curve, neither, or both. Which curve shifts, and in which direction What happens to aggregate output and the price level in..
Suppose that the average household in a state consumes 800 gallons of gasoline per year. A 20-cent gasoline tax is introduced, coupled with a $160 annual tax rebate per household.
Draw and explain the parts of a PPC. Draw a PPC for country Nambi and assume that the economy produces only computers and automobiles. Suppose now that there is a new technological breakthrough in the production of computers.
Determine what happens to the money supply, interest rates, and economy in general if Federal Reserve is a net seller of government bonds?
If the market price for the firm's product is $30, What is its profit if it operates?If the market price for the firm's product is $14, what should the perfectly competitive firm do? What is the firm's supply curve given the data above
Present a description on the relevant economic model to show how a tax on producers, that is equal to the external cost of smoking cigarettes, would result in an efficient equilibrium?
roshima is researching universities where she could study for her mba degree. she is considering 3 major attributes
Assume the country of Fredonia has $500 of capital per worker and has a workforce of 20 million. Also assume that labor and capital split output evenly between themselves. Ignoring total factor productivity. What is output per worker? What is total o..
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