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The weight of chocolates packed into boxes is distributed normally with a mean weight of 450 grams and a standard deviation of 40 grams. You take a sample of 81 boxes. What is the probability that the sample mean weight is between 430 and 460 grams?
The category “compensation of employees” doesn't capture the full income of labor because:
How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land.
An emissions fee is paid to the government, whereas an injurer, who issued and held liable, pays damages directly to the party harmed by an externality. What differences in the behavior of victims might you expect to arise under these two arrange..
The marginal cost of producing the 101st unit of output is $300. Illustrate what is the total cost of producing 101 units
An individual is considering the purchase of a used automobile. The total price is $6200 with $1240 as a down payment and the balance paid in 48 equal monthly payments with interest at 1% per month. The payments are due at the end of each month. Comp..
Suppose that the current exchange rate is 200 yen per dollar, the U.S. interest rate is 6%, the Japanese interest rate is 4%, and there is no risk premium. What do you expect the exchange rate to be a year from now?
The government has decided to impose a new excise tax on the sale of cigarettes. suppose that we know the demand for cigarettes is relatively inelastic, but the supply is relatively eleastic. Which group, consumers or producers, will e affected more ..
A proposed project has indefinite life. The initial cost of the project is $70,000. There will be a onetime investment of $100,000 at the end of Year 6, and an operation cost of $10,000 per year from the end of Year 10 through infinity. If the intere..
Suppose the current price of copper is $3 per pound and the quantity supplied is 200 pounds per day. If the price of copper falls to $2.50 per pound, the quantity supplied drops to 180 pounds per day. Use the midpoint formula to calculate the price e..
Which of these consumption activities will most likely impose an external cost? Which of the following cause and effect events is in order for a seller. Which of the following demonstartes the law of demand. which of the following is the best example..
Most goods and service that we enjoy are bought and sold in the market. However, leisure is something that we value but we do not buy it explicitly. What is the price of leisure? Explain what would happen to the amount of leisure that we would enjoy ..
Please provide three explanations regarding why the aggregate demand (AD) has a negative slope according to the Keynesian model. Suppose that the aggregate supply (AS) is flat (i.e., a horizontal line and this may indicate the economy is operating un..
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