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Suppose a random sample of size 40 is selected from a population with = 9. Find the value of the standard error of the mean in each of the following cases (use the finite population correction factor if appropriate). a. The population size is infinite (to 2 decimals).b. The population size is N = 50,000 (to 2 decimals). c. The population size is N = 5000 (to 2 decimals). d. The population size is N = 500 (to 2 decimals).
Suppose Firm Y's production function is given by the following Cobb Douglas equation
What problems arise in estimating whether an equal income distribution is fair or not? Diuscss the difference between income and wealth?
Illustrate what were some changes of the demand also supply fconditions that lead to the housing market bubble and collapse
The global economy in 2011 appears to be headed into a double-dip recession. Based on your knowledge of aggregate demand and aggregate supply, suggest the reasons and causes for the downward tailspin of the economy.
What will be the effect of this change in policy on both the real and the nominal interest rate in the long - run?
imply a lower standard of living in every of the three nations compared to the situation where they are united into a single new country.
Let us say that an economy has a consumption function given by C = 900 + 0.9Yd where Yd is the disposable income. There is a lump-sum tax of 90. Investment level is autonomous at 400 and government spending is also constant at 600.
Suppose you are the manager of the only company worldwide that specializes in exporting fish products to Japan. Your firm competes against a handful of Japanese firms that enjoy a significant 1st mover advantage.
Monetary approach, elucidate the process by which a balance of payments deficit is corrected under a flexible exchange rate system?
Lawn mowing services are supplied by a host of individuals in the suburb of Westbrook. Demand and supply conditions in the perfectly competitive domestic for lawn mowing services are:
Stating curves so that the quantity demanded & quantity supplied are both functions of price, putting value on horizontal axis. There is more than one demand curve, but all have a slope of -5.
Drugs 'R Us operates a mail order pharmaceutical business on West Coast. The company receives an average of $325,000 in payments a day.
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