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Question
A statistical researcher is conducting a test to determine if females in finance positions earn less than men with equivalent jobs. After collecting income data for the two groups the researcher needs to determine the appropriate test to run in excel. Which test would you choose - a t-test assuming equal variances or a t-test assuming unequal variances? Would it be appropriate to use the t-test assuming unequal variances if the variance in income is the same between men and women? Explain this result.
Suppose the candle manufacturing industry is organized as a perfectly competitive market i.e. it consists of many firms with identical cost structures. A single firm's long-run average total cost function is “U” shaped and minimized at an output of q..
Aggregate Demand-some-not all--of these and/or other terms from this week. Explain how can tax cuts help revive the economy.
Illustrate what happens to output, the price level, and the expected price level in both the short run and the long run.
The problem of double coincidence of wants is associated with:
How should an economy use its policies to prevent it from falling into the middle class trap? What are the examples we had in history?
In the short run, the average total cost curve slopes upward because of:
We know a car can be had for 60 monthly payments of $399. The dealer has set us a nominal interest rate of 4.5% compounded daily. What is the purchase price?
Would it matter if the markets were contestable? Explain your answers.
Consider a competitive market for hamburgers. Restaurants would be willing to supply 50 pieces of hamburgers at price of Php 50.00, 200 pieces at Php 200.00, 30
Janet Gilbert is director of a lab. She has some extra capacity and has contracted with some small neighboring hospitals to run some of their lab tests. She has recently had a study conducted and has determined that her costs for these contracts are ..
If there were 2 million unemployed Thailand had a job-finding rate of 15% per month, how many people would lose jobs each month.
A firm using two inputs (call them “capital” and “labor”) has an efficient combination of capital and labor levels when:
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