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Of all the companies on the New York Stock Exchange, profits are normally distributed with a mean of $6.54 million and a standard deviation of $10.45 million. In a random sample of 73 companies from the NYSE, what is the probability that the mean profit for the sample was between 3.0 million and 6.0 million?
Illustrate what is area of employment why has this shift occurred in illustrate what direction would shift in labour supply and demand go. Illustrate what would be its effect on equilibrium of labour market.
The labor market for nurses though cyclical often has been characterized by prolonged periods of apparent shortages. One potential explanation for the phenomenon is the monopsony power of hospitals as employers of nurses. Discuss why monopsony may (o..
How might advertising reduce economic wellbeing? how might advertising increase economic welling? Give an example of each case and EXPLAIN
What assumptions about consumer's preferences will crossed indifference curves violate? Draw an indifference curve graph to help illustrate your answer.
Calculate the price and quantity associated with the perfectly competitive outcome.
What is the main reason that embargoes have been used throughout history?
"Low demand in this year's economy caught producers unaware, forcing their inventories to increase." How does this inventory change appear in the GDP calculation when adding up all expenditures?
If the point cross-price elasticity of demand between the two companies is 0.5, how many skate- boards will Bruises and Bumps sell if Broken Bones lowers their price 5%?
If at the current level of output, a firm's average cost is greater than its marginal cost, then:
Make whatever assumptions you feel are justified by the facts presented. State your assumptions, and compute a solution.
Whether the product market or the labor market, what happens to the equilibrium price and quantity for each of the four possibilities: increase in demand, decrease in demand, increase in supply, and decrease in supply.
Consider a monopolist facing two customer groups. The first has demand p1 = 10 - q/2 and the second has demand p2 = 20 - q. The firm has marginal cost MC(q) = q, where q = q1 + q2 is the total amount sold. Suppose a regulator could set one per unit p..
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