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The distribution of income in some Third World countries is considered wedge shaped (many very poor people, very few middle income people, and even fewer wealthy people). Suppose we pick a country with a wedge shaped distribution. Let the average salary be $3,000 per year with a standard deviation of $6,000. We randomly survey 1,000 residents of that country.
Give the distribution of X. (Round your numerical values to two decimal places.)
X ~_______(________,___________)
You are the manager of global opportunities for a U.S. manufacturer, who is considering in Europe expanding sales.
Discuss the ways taxes affect a company. Imagine you own a company that produces cars: What taxes do you have to pay during the course of your business cycle? Think about the process from start to finish. How do these taxes affect your budget? Are th..
In 2010 in the country of Arlandia government debt was zero. You know that the government revenue for 2011 was $344, for 2012 was $360, for 2013 was $380. The government outlays for 2011 were $197 and for 2012 were $237. If you know that government d..
As an inflationary gap is eliminated through an economy's self-correcting adjustments process,
List the characteristics of each school of thought and draw the aggregrate demand and aggregate supply curves that demonstrate of each school of thought:
Provide a response to Case 9: Lowe's Companies, Inc. (p. 451). Answer the 5 questions at the bottom of textbook page 459 (last paragraph). Do not "Design a three year strategic plan..." as outlined in the final statement. Should Lowe’s expand into C..
How do you determine how a consumer divides their resources between two goods? According to the theory of consumer choice how do you evaluate how you decide whether to save or spend money or even if you might have to work more in order to pay for ite..
Three tools that economists use to empirically test economic theory are randomized experiments, observational studies, and quasi-experimental studies (natural experiments). First rank the three methods in terms of ability to identify casual relations..
Paul invest $700 in the manufacturing of lights. during first two years, he earns $1700 each year. after that, the operation folds and he earns nothing. Paul's discount rate is 20%. what's the NPV of Paul's operation?
You are the manager of a firm that competes against four other firms by bidding for government contracts. While you believe your product is better than the competition, the government purchasing agent views the products as identical and purchases fro..
Based on your own decision-making experiences and the material you have read in previous chapters, please explain your own model, or framework, to describe the ethical decision-making process.
By the Mid of December 2015, The FEDERAL RESERVE BANK has increase the the target range for the federal funds rate to 1/4 to 1/2 percent. Please give your analytical for the following three questions: What are the objectives of this interest rate?
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