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In a survey, 11 people were asked how much they spent on their child's last birthday gift. The results were roughly shaped as a normal curve with a mean of $44 and standard deviation of $7. Find the margin of error at a 80% confidence level.
m=
Give your answer to two decimal places
Suppose that in a year an American worker can produce 100 shirts or 20 computers, while a Chinese worker can produce 100 shirts or 10 computers. Graph the production possibilities frontier for the 2 countries. Suppose that without trade the workers i..
Suppose the real interest rate is 4% and the expected inflation rate is 3%. If the money supply increases by 10% and output, the real interest rate, and the expected inflation rate are unchanged, then the price level increases by
q. willie lohmann travels from city to city in the conduct of his business. every other year he buys a used car for
The owner of a corner lot wants to find a use that will yield a desireable return on his investment. If the owner wants a minimum attractive rate of return on his investment of 15%, which of the two alternatives would you recommend?
You are the project executive of a monopolistically competitive firm. The present demand curve is P=100- 4 Q. Your total cost equation is C(Q)=50+8.5Q^2 , and MC = 17Q. What level of output should you set to maximize profits?
What is meant by a 'feedback loop' in a complex, interconnected system? Give examples of negative and positive feedback loops? Explain what is meant by synergetic interaction in a complex system and its importance?
A monopolist faces an upward sloping demand curve. A perfectly competitive firm faces an upward sloping demand curve. A monopolist can increase the price of its product and not lose all of its business.
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?
Apply the concepts of structural and cyclical unemployment to contrast this decline in manufacturing employment in a sluggish economy versus a healthy economy
profits associated with polluting for friedman inc. are pi 40q - 2q2 where q pollution emitted in tons and profits
List three approaches to measuring GDP, explain how they work, and why they give the same answer, if there is no measurement error.
A computer program has produced the following output for the hypothesis testing problem:
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