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A study is going to be conducted in which a mean of a lifetime of batteries produced by a certain method will be estimated using a 90% confidence interval. The estimate needs to be within +/- 2 hours of the actual population mean. The population standard deviation s is estimated to be around 25. The necessary sample size should be at least?
What is the International Monetary Fund and what types of organizations benefit from it?
Ron Swanson takes 1 week to make a rocking chair or a bird house. Andy Dwyer would take 3 weeks to make a chair or 2 weeks to make a bird house. Assume that both people are okay with having partially-completed projects (e.g. half a chair) because the..
Do you think the tax incidence actually falls equally on workers and employers? If not, who do you think pays more of the tax?
Consider the following statement from the book: If you incur sunk costs, you are vulnerable to post-investment hold-up.
1. What advice would you give to May Phelps? 2. How would you enhance the power base of May Phelps?
A market is characterized by a demand curve that can be expressed as P = 3000 – 10 Q. Each of the two identical firms currently serving the market has a total cost function of the form C = 250 q. There are no fixed costs. Explain how your payoff matr..
When the variable cost is reduced (assuming linear total cost and linear revenue functions), the breakeven point decreases. This is an economic advantage because: An analyst conducting an economic analysis used an inflated interest rate of 16% per ye..
Answer the question below by assuming that the following conditions prevail in the banking system: Reserve requirements equal to %10 on demand deposits accounts. Currency in circulation amount to $40 billion - Savings and Time deposits amount to $400..
In a short paragraph, what were the Fed’s goals in implementing Quantitative Easing and Operation Twist? What are the short and long term consequences of these monetary programs ? What are the features of monopolies? Are monopolies always large firms..
Crowding out occurs when
Shadow Bank 411 buys $3 million more securities in the market and "pays" for them with its account at Bank 411. Bank 411 borrows $3 million more as a first response.
A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?
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