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Is climate change a major issue in Pacific Island Countries (PICs)? To answer this question, a researcher surveys 1200 randomly selected individuals in PICs. Suppose 800 of the sampled people responded that climate change is a major issue for them.
a) Construct a 95% confidence interval to estimate the population proportion of individuals in PICs who feel that climate change is a major issue for them.
b) Assume there are 800,000 populations in PICs. What is the minimum number of people in PICs that are concerned about climate change?
Tom Sewel has gathered data on the relative costs of a solar water heater system and a conventional electric water heater. The data are based on statistics.
Solve this exercise using Solver. Summarize the optimal solution and SPs. List three factors (other than relative crop prices) that influence the optimal crop mix in this exercise.
Bill bought a vacation lot he saw advertised on television for $800 down and monthly payments of $55. When he visited the lot, he found it was not something.
a) If we use LL to denote the low income group and HH to denote the high income group, identify the correct alternative hypothesis.
Sterling called conservatism, "the fundamental valuation principle of accounting." List and briefly discuss as man areas savor can in which I I I.
The demand for labor is said to be a "derived" demand. What is the meaning of a derived demand? How does this concept help to determine the demand for labor?
Choose any two of the above variables, and describe how your selections would affect oil prices based on the supply and demand analysis.
Consider the market for soft drinks. You know that the demand curve in this market contains the points (Q, P) = (100,000, $1.00) and (50,000, $2.00). What is the deadweight loss associated with this excise tax
Given the demand curve P= 2,000 – 2Q and marginal costs of MC = 1,100 + 2Q, the firm’s profit will maximize at equilibrium price and output of: Based on the demand and cost function in previous question, in a two-part tariff pricing strategy, what is..
Discuss the key criteria for success and the advantages of a central bank adopting the framework of inflation targeting. Consider the features of a desirable monetary policy instrument. Is the size of the Federal Reserve staff good policy instrument?..
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Two consumers hae identical utility functions, U(x,y) = Max(x,y). There are eight units of x and eight units of y. What are the pareto optimal allocations.
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