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For a particular production facility, the total milk yield per goat (for a 10-month lactation period) has averaged 1180 pounds. In an experiment, 14 goats were randomly selected from the facility and, in addition to their regular diet, they were fed a supplement of crude protein, which is thought to affect milk yield. In the experiment, the yields for these 14 goats were: 1209 1358 1380 1098 1241 1325 1008 1217 1487 1217 1269 1348 1139 1122. Make a histogram and comment on the shape.
Assume that rather than buying textbooks for their courses last year, all students decided to buy online access cards at $100 per textbook. Compute the total cost for this basket of goods and the CPI.
Explain the implications of those classifications on tax revenue collections when the per-unit tax increases as opposed to decreases.
Tapscott believes that social media is becoming social production and that the Internet is a global supercomputer--every time people upload content to this supercomputer, it becomes more powerful as the new content becomes part of a global collect..
Assume the population is normally distributed and use a? t-distribution to construct a 90?% confidence interval for the population mean µ.
Carlisle Company has been cited and must invest in equipment to reduce stack emissions or face EPA fines of $18,500 per year. An emission reduction filter will cost $75,000 and have an expected life of 5 years. Carlisle's MARR is 10% per year. what i..
Robin sold 800 shares of a non-dividend paying stock this morning for a total of $29,440. She had purchased these shares on margin 12 months ago at a cost per share of $35. The initial margin requirement on this stock is 60 percent and the maintenanc..
What would be the effective rate of protection on bicycles in China if China places a 50 percent tariff on bicycles, which have a world price of $200, and no tariff on bike components, which together have a world price of $100?
Congress has passed laws requiring that a certain percentage of retail gasoline be from ethanol produced from corn. How would this destroy wealth?
Walter builds birdhouses. He spends $5 on the materials for each birdhouse. He can build one in 30 minutes. He is semi-retired but earns $8 per hour at the local hardware store. He can sell a birdhouse for $20 each. Calculate as an economist the tota..
The marginal product of any input in the production process is the increase in the quantity of output produced from one additional unit of that input. As a manager, what are some practical things you could do to raise marginal product per employee th..
Prepare Cannon Company's statement of cash flows for the year ending December 31, 2015 using the indirect method.Explain how the indirect statement of cash flows that you prepared would differ under IFRS rules. Assume this is a non financial entity.
Economists usually do not favor subsidies on specific products or in-kind payments to help low income people.
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