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Q1. "What is the appropriate balance between private and public (i.e., government) activity? Think of a case where the government has intervened (or it was suggested that government intervene) in a previously private market (e.g. Chrysler, the airline industry, tariffs on Japanese luxury cars etc). What other examples can you think of? By means of a marginal cost analysis or, support or marginal benefit argue against the intervention.
Q2. An intraocular lens manufacturing is in the qualification process of a polishing machine. The grinder will be qualified only if the percentage of polished lenses that contain surface defects does not exceed 1.5%. A sample of 350 lenses and found 5 lenses with surface defects. Formulate an appropriate test for the qualification of the polishing machine using an α = 0.05.
To determine which of the output levels represents a macroeconomic equilibrium.
Write down on a paper analyzing dissimilar approaches that might be used by Keynesian theorists.
Firms raise capital from investors by issuing shares in the primary markets
Suppose that a mysterious in bovine infertility decreases both the population of dairy cows and the population of beef cattle by 50%.
Congresswoman Gaga represents a state in which several firms fabricate furniture. She needs to impose tariffs on all imported furniture.
Would Boeing's margin likely rise or fall if the yen then depreciated as well as competitor prices were unchanged.
A charitable university benefactor has decided to donate a large amount of money for student scholarships.
Wilpen plans to charge a wholesale price of $1.65 per can. As the average value of tennis racket is $110, and average household income of consumer is $24,600.
Determine the quantity demanded, the quantity supplied, and the magnitude
Assume that you own a 10-acre plot of land that you would like to rent out to wheat farmers.
A large school of sharks is reportedly seen by beach-goers at the beaches of Melbourne.
Oil and gasoline prices are a concern in the United States. Why does this economic problem exist from a supply and demand perspective, what can be done to improve resource allocations.
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