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As a result of increased tensions in the Middle East, oil production is down by 1.21 million barrels per day-a 5 percent reduction in the world's supply of crude oil. Explain the likely impact of this event on the market for gasoline and the market for small cars.
What was the standard deviation of these 2,822 runners?
Find a 90% confidence interval for the population proportion of customers who would like to use on-line shopping facilities.
A firm's demand function is defined as Q = 14 %u2013 2P. a) Use this function to calculate total revenue when price is equal to 3 and when price is equal to 4. b) What is marginal revenue equal to between P=$3 and P=$4?
If most businesses in an industry are earning a 13 percent rate of return on their assets, but your firm is earning 23 percent what is your rate of economic profit
In the long run, perfect competition results in firms producing a. at the minimum point of their long-run average cost curves, which indicates allocative efficiency b. where price equals marginal cost, which indicates economic efficiency c. where pri..
a) Obtain the mean and standard deviations of the number of text messages by male and female students.
Illustrate your answer using both the Ad-as model and the Phillips curve diagram. What will happen to prices and output as a result of this shock
Alice makes a deposit at her local bank. As she if filling-out the necessary forms, she discovers a $1,000 bill next to a deposit receipt near the teller's window. Alice asks the bank if anyone has lost the money. The bank investigates and cannot fin..
Sidney makes $200 per week. She buys only two items: pizza and beer. The price of a pizza is $5 and the price of each beer is $2. What is the y-axis intercept for the above budget constraint? What is the x-axis intercept for the above budget constrai..
Stores need not accept your check but must accept currency because
Discuss ways of achieving sustainable development in large under-developed economies such as India and China. How COP26 global agenda complements the initiative
Many states are creating law that makes the sale and use of marijuana for medicinal purposes legal, yet at a federal level, this is still illegal. How is this possible? Isn't state law supposed to be inline with federal law? perform some research on..
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