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A recent ACT administered to a local high school yielded the following results:
Mean = 24.4 and Standard Deviation = 4.2. Which of the following is true?
a. 65% of the students scored between 16 and 32.8 b. 95% of the students scored between 16 and 33.8 c. 65% of the students scored between 20.2 and 28.6 d. 95% of the students scored between 20.2 and 28.6
What is unique about perfect competition as a market structure that sets it apart from the other three market structures? How does it affect the diagrams that we use to analyze firm behavior? What are the implications of the assumption of easy entry ..
Reflect on the functional nature of each phase of the cycle and consider what stakeholders might be relevant in a given phase.
Suppose that John Smith gets promoted to a job that causes two changes to occur simultaneously: John earns a higher wage, and a safer environment causes his health to depreciate less rapidly. How would these two changes together affect John’s desired..
Consider if the government instituted a 10 percent income tax surcharge. In terms of the AS/AD model, this change should have
An economist has predicted that for the next 5 years the U.S. will have an 8% annual inflation rate, followed by 5 year at a 6% inflation rate. this is equivalent to what average price change per year for the entire 10-year period?
q.the below information about the market for chocolate bars are revealed by market research demand schedule qd 1600 -
Let x be eggs and y be bagels. An individual utility function is given by U(x, y) = ½ x + 1 y. This individual budget constraint is 4 = 2 x + 1 y. (You are encourage to draw this individual indifference map and budget line). At the point at which thi..
Which typically tries to obtain views from particular groups and then "weights" the results by the prevalence in the population.
Explain Veblen's theory of the leisure class. Explain why the leisure class is not overthrown and how conspicuous consumption plays a role in Veblen's theory.
U(x,y)=3x+y, where x and y represent the quantities of two goods, X and Y. The ocnsumer has I=60 , to spend on the two goods, and good Y costs Py=2 per unit. The price of good x, Px is also exogenous. Calculate the consumer's elasticity of demand for..
As a tax shelter, Joan's father has set up a trust fund into which he puts $1000 every year on Joan's birthday beginning on her first birthday.
Car Payment $300 what is this person debt payment to income ratio when the full mortgage payment is included?
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