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a. Determine the sample size required to estimate a population mean to within 10 units given that the population standard deviation is 50. A confidence level of 90% is judged to be appropriate.
b. Repeat part (a) changing the standard deviation to 100.
c. Re-do part (a) using a 95% confidence level.
d.Repeat part (a) wherein we wish to estimate the population mean to within 20 units.
Illustrate what type of market structure would this behavior likely be prevalent. Illustrate what does this behavior accomplish for the firm.
RC Cola is considering marketing a new, fruit flavored soft drink. It hires Mark-D Design to develop the can logo and design. RC calculates that a good design raises can sales and is worth $.75 million to them. Ex-ante, what is Mark-D’s expected prof..
Transparency International, an antibribery advocacy group, issues an annual ranking of countries based on how widespread corruption is around the world. Fast growing countries such as China and India rank highly in terms of being corrupt. Using the v..
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -4, while group 2’s is -2. Your marginal cost of producing the product is $30. Determine your optim..
The US changed the way we measure our economy from the position of Gross National Product to Gross Domestic Product. Through your own research, compare and contrast the 2 and, in your opinion, choose which one is better.
Explain the differences between hypervisor and para-virtualization and give one example VMM (virtual machine monitor), that was built.
In monopolistically competitive? markets, economic losses
Identify a pioneering firm that successfully built long-term success around a new product or service in a new market (entrepreneurship).
If the interest rate is 9% per year, how long will it take to recover the initial investment?
If you cannot think of a real example make up a fictional account which would explain this fallacy.
What is Franklin's income elasticity of demand for farm raised salmon? What is Franklin's income elasticity of demand for wild caught salmon?
What will happen to the number of firms, the market supply, and the price of the good as we move from the short run to the long run?
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