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Suppose that college science textbooks on average cost 225 dollars with a standard deviation of 45 dollars. Suppose that a random sample of 40 college science textbooks was taken. Find the probability that the sample mean is more than 235 dollars.
When the price level rises more than expected, a firm with a sticky price will sell its output at a price that is
Using an appropriate diagram, impact of the monopolist on the society's welfare
How MUCH of the first months payment will go toward PRINCIPAL reduction of the mortgage?
What is the firm's cost function? What are its AC, AVC and MC functions? Draw the AC, AVC and MC curves
Suppose that budding economist Buck measures the inverse demand curve for toffee as P=$100-Qd, and the inverse supply curve as P=Qs. Buck's economist friend, Sally, likes to measure everything in cents. Find the slope of the inverse demand curve, and..
Suppose your Zimbabwean bank account pays interest monthly with the interest rate quoted as an effective annual rate (EAR) of 50%. (a) What percent interest will you earn each month? (b) Suppose the weekly inflation rate in Zimbabwe is 1%. What is th..
Draw a supply and demand curve, label X & Y axis and show equilibrium. Show a shift in demand and supply, and why it has occurred (non-price determinants). Describe all changes. Show in two or more graphs and use 2 examples for each - supply and dema..
How would you use these cost and revenue estimates to determine whether a sales force increase or possibly a decrease is warranted.
q.many developing countries in the global south turned to socialism in the past as a means to solve their economic
Assume Harrison, Carla and Fred have only paintbrushes at their disposal. Illustrate what is the average labor productivity, in terms of square feet per painter-hour, for the three painters taken as a team.
What was the Fed's mistake in causing the Great Inflation of the 1970s? They mistakenly thought that the decrease in output was because of a negative demand shock that reduces output below potential output, but in truth the productivity slowdown was ..
q1. explain carefully if all workers and jobs were indistinguishable there would be presently one wage rate pretentious
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