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Q1. From a random sample of 500 registered voters in LA, 400 indicated that they would vote in favor of a proposed policy in the upcoming election. How many people should be sampled so that the sampling error is at most 0.04 with a 95% confidence interval?
Q2. Assume that household consumption decision suddenly become less sensitive to change in the rate of interest. How would this affect the slope as well as position of the IS curve?
Q3. What are the strengths as well as weaknesses of the measure of welfare used by many economists: consumer welfare plus producer surplus?
Compute the equilibrium quantity and price and Calculate the consumer and producer surplus.
A Fenway park, home of the Boston Red Sox, seating is limited to 39.000. Hence, the number of tickets issued is fixed at that figure. Seeing a golden opportunity to raise revenue.
Assuming that all buyers received the credit, estimate the own cost elasticity of demand as well as well as own cost elasticity of supply.
Open a pizza restaurant and is considering either selling the bonds and using the 100,000 to start his restaurant or borrowing the 100,000 from a bank which would charge him an annual interest rate of 7 percent.
All farmers in Trivialand are self - employed and sell all of their wares to Super Duper. Elucidate the costs incurred by all of Trivialand's busines.
Discover the payout ratio rounded to the nearest whole percent, and explicate what a payout ratio means.
Describe how a developing - emerging economy can benefit from trade with a wealthy country even if it has no absolute advantages.
The setup cost is $100 per order up to 99. For orders of less than a pallet, the setup cost is $200. The setup cost for pallet loads is $1000. The holding cost is 1% of the purchasing cost per item per week.
Two firms are located on the line and sell identical products. Consumers obtain K utility from consuming a product; assume that K is large enough that all consumers purchase from at least one of the firms despite the costs of transportation.
Organize the above data into the appropriate categories for the current as well as capital accounts determine the current account balance, the capital account balance, as well as the official settlements account balance.
Profits associated with polluting for Friedman Inc. are π = 40Q - 2Q2, where Q = pollution emitted (in tons), and profits are measured in dollars.
George and John, stranded on an island, use clamshells for money. Last year George caught 300 fish and 5 wild boars. John grew 200 bunches of bananas.
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