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When is the mean not a good measure of central tendency? Give an example of a variable or a frequency distribution that might best be summarized by some other measure of central tendency.
Higher prices will increase total revenue if. The term transfer payments refers to
If immigration raises the labour force, what is the expected effect of this on the return to labour (real wages) and capital (rental rate) according to the neoclassical theory of income distribution?
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
There is no uncertainty about the future. The consumer needs to save an amount this year that will allow her.
Why does the entry of firms into an industry decrease the economic profits of the existing firms? Why does the exit of firms from an industry increase the economic profits of the existing firms?
Assume that the Fed decided engages in an open market purchase of $100 million dollars. If the required reserve ratio is 10%, and if banks hold an additional 2% of their assets in bonds, calculate the total change in the money supply.
Portfolio Beta You have a $2 million portfolio consisting of a $100,000 investment in each of 20 different stocks. The portfolio has a beta of 0.75. You are considering selling $100,000 worth of one stock with a beta of 0.8 and using the proceeds to ..
Jerry, age 72, is retired. Jerry's primary investment objective is generating income. Based on the results of Jerry's risk tolerance questionnaire
Suppose the inverse demand function is P Solve for the Ed for this demand curve. How does the Ed vary as one moves along the demand curve.
Assume your MARR for investment is 4% annual (compounded monthly as well). Compute the PV of your LEASE and LOAN payments and subtract these two values.
Should sports leagues be allowed to remain as cartels? More than 100 years ago, the American legislative leaders decided that it was necessary to pass laws prohibiting "...any combinations or conspiracies in restraint of trade."
Raphael enjoys going to the theater to see plays, and he also enjoys going to rock concerts. The following diagram shows two of Raphael's indifference curves for going to plays and concerts. With Raphael's initial budget constraint (BC_1), he chose t..
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