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Determine the minimum sample size required when you want to be 98% confident that the sample mean is within two units of the population mean. Assume a standard deviation of 7.55 in a normally distributed population.
Macy's dress shop LLC calls Rag Trade Manufacturing Company Inc. and orders 100 dresses in various sizes colors and styles.
explain why a rise in the price of gasoline is likely to have more of an effect on consumers than a rise in the price of strawberry milk shakes.
The SFU Wellness Center is an organization providing help to distressed students on campus during the two weeks exam period at the end of every semester. Determine the optimal combination of medical and counseling staff for the SFU Wellness Center. S..
The inverse market demand for a generic drug is P = 200 – Q, where Q is total market output and P is the market price. Two firms, 1 and 2, have complete control of the supply of the drug. Firm 1 has total cost equal to 20q while firm 2 has total cost..
Consider the Solow growth model with constant (positive) population growth (γN > 0) and technological change (γH > 0). Suppose that the aggregate production function is Yt = ztKt^a(HtNt)^1−α. Derive the law of motion for capital per effective worker,..
A firm can use two different production technologies, with capital and labor requirements at each level of output as follows: Suppose the firm is operating in a low-wage country, where capital cost is $4 per unit and labor cost is $2 per worker. For ..
Consumers are not able to resell good 1. For p
Suppose that a consumer's preference between the good x and y are represented by the utility function u(x,y)= x+y. If these two goods have the same price, describe the optimal consumption choices of this consumer.
Search the Innovation Center Site and identify and discuss one Innovation site (not in Connecticut) award and it's program and expected outcome (do not repeat another student's site) COLLAPSE
How do living standards in the U.S. compare to living standards in Bangladesh or Indonesia? What do you think accounts for the differences?
Explain how a budget deficit might lead to an appreciating currency and a trade deficit. Explain the introduction of the foreign sector makes the fiscal policy tool of the budget deficit less effective in stimulating the open, as compared to the clos..
What does it mean for a good to be non-excludable? In theory one may worry that such a problem could completely shut down private markets. How did we deal with that in designing a private environment for the public goods case so that this doesn’t hap..
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