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1. Refer to Exercise 1. The vendor begins using heavier packaging, which increases the weight of each pack- age by 50 g.
a. How does this affect the mean weight of the packages?
b. How does this affect the standard deviation of the weights?
2. True or false: For any list of numbers, half of them will be below the mean.
3. Is the sample mean always the most frequently occur- ring value? If so, explain why. If not, give an example.
4. Is the sample mean always equal to one of the values in the sample? If so, explain why. If not, give an example.
Suppose the government imposes a 25-percent tax on accounting profits. This tax is only levied if a firm is earning positive accounting profits. What will your after-tax accounting profit be in the low-revenue case In the high-revenue case.
The manufacture has determined that men value a simple microwave at $70 and one with auto-defrost at $80 while women value a simple microwave at $80 and one with auto-defrost at $150. If there is an equal number of men and women, what pricing str..
a. Determine the Equivalent Annual Costs of the two alternatives and recommend the economically superior system.b. Determine a Salvage Value for the Beta system such that the Beta system will have an Equivalent Uniform Annual Cost equal to the Alph..
You open a savings account to save for a new house. Everymonth you put $100 into a savings account which pays 5% interestcompounded monthly. At the end of each year you receive a $500bonus which you place directly into your "housefund".
Suppose an economy's real GDP is $42,000 in year 1 and $43,200 in year 2. What is the growth rate of its real GDP? Instructions: Round your answer to two decimal places. The growth rate of the economy's real GDP =_____%
The following table shows how the total cost of producing canisters of peanuts varies with output and capital in the long run in a perfectly competitive industry. Quantity of Peanut Canisters each hour 0 1 2 3 4 5 6 7 8 Total Cost (K=1) (in dollar..
There are 80 firms in the industry. The cost function of individual firm is T = 100 + 4q + 4q2. Demand function is Q = 1040 - 10P. Find the equilibrium price and quantity for the short-run. How many firms will exist in this industry in the long ru..
Determine the economic impact on the client's financial situation. Based on your decision, determine the potential tax liability, keeping in mind appropriate IRS code and regulations.
What does the SMC curve intersect the SAC curve? That is, at what level of hocky sticks does average cost reach a minimum? What is the average cost at this level output? What is the marginal cost at this level of output?
Enumerate the various objectives a firm might have and how the price mechanism can be used to realize such goals. While you're at it, calculate the price and quantity to: (a) Maximize TR (b) Maximize total profit
In an article saying that Americans are not saving as much asthey were 20 years ago. They claim 20 years ago the average savingswas 20 percent of disposable income and predicted that it woulddrop to 5% in less than 5 years.
Do the findings of this article apply to the current situation of the United States? Why or why not? Again, be clear in defending your position.
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