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Major cities around the world compete with each other in an effort to attract new businesses. Some of the criteria that businesses use to judge cities as potential locations for their headquarters might include the labor pool; the environment including work, governmental, and living; the tax structure, the availability of skilled/educated labor, housing, education, medical care; and others. Suppose in a study done several years ago, the city of Atlanta received a mean rating of 3.51 (on a scale of 1 to 5 and assuming an interval level of data) on housing, but that since that time, considerable residential building has occurred in the Atlanta area such that city leaders feel the mean might now be higher. They hire a team of researchers to conduct a survey of businesses around the world to determine how businesses now rate the city on housing (and other variables). Sixty-one businesses take part in the new survey, with a result that Atlanta receives a mean response of 3.72 on housing with a sample standard deviation of 0.65. Assuming that such responses are normally distributed, use a 1% level of significance and these data to test to determine if the mean housing rating for the city of Atlanta by businesses has significantly increased. The value of the test statistic rounded to 2 decimal places is t =
Suppose the government imposes the following kind of sales tax: there is no tax for selling the first 35 units, but for selling every unit beyond the thirty-fifth unit, the seller has to pay the government an additional $12. What is the new optimal p..
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Southcoast Oil's fixed costs are $2,500,000 and its debt repayment requirements are $1,000,000. Selling price per barrel of oil is $18 and variable costs per barrel are $10.
Consider a market where demand is P=10-2Q. There is a negative production externality of $2.50/unit of consumption. Supply is equal to ??=??2. What is market equilibrium? What is the socially optimum quantity and price??
Governmental sources (public programs) and private payers are just a few examples regarding sources of health care revenue. Medicare, Medicaid, and managed-care programs are some types of payers that make up the revenue source for health care orga..
you are starting your own internet business.nbspyou decide to form a company that will sell cookbooks online.
john doe has developed a financial retirement strategy. his plan is to invest in somewhat risky stocks for 15 years
the problem of public-sector employee performanceit is generally recognized that one of the core problems of
Presume a firm sells to senior citizens and others at a single price of $10. At this price it sells 10,000 units total (2,000 to seniors; 8,000 to others). It estimates that at the $10 price, seniors have an elasticity of -3 while others have an elas..
You are considering purchasing new equipment to replace old equipment. The old equipment has a current market value of $2000. The new equipment will cost $5000. The use of the new equipment is expected to produce energy savings of $500 per year.
If the probability of a newborn child bieng female is 0.5, find the probability that in 100 births, 55 or more will be female.Use the normal distribution to approximate the binomial distribution.
Answer the following concerning highway pricing and traffic volume in the long run. Draw the ATC curve for a 4 lane road and explain why it is U shaped in terms of the road cost effect and the trip cost effect.
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