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We polled single parents who had never been married and cohabiting parents whether they felt like marriage was obsolete. Out of the 105 parents who had never been married, 76 answered 'yes', and out of the 81 cohabiting parents, 64 answered 'yes.' Test the claim that the proportion of single (never married) parents is different from the proportion of cohabiting parents.
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Draw supply and demand curves. Show the impact of an increase in demand on the price and quantity exchanged in the market. Show the impact of a decrease in demand on the price and quantity exchanged in the market.
Foley’s advertising agency presents three social media options. For each of the social media options (Zwinktopia, Facebook, and YouTube) analyze the influence of these four different measures:
A perfectly competitive firm will shut down immediately when the market price falls below
Write pseudocode that describes the process of guessing a number between 1 and 100. After each guess, you should tell the player
What is the money multiplier and how does it work? If the reserve ratio is 20%, what is the money multiplier? Does the Fed really "set" the federal funds rate? Is that a tool of monetary policy?
Plywood is used in the construction of houses. If the price of plywood rises, what happens to the supply of houses?
When recording devices were first invented almost 100 years ago, musicians could suddenly supply their music to large audiences at low cost. How do you suppose this development affected the income of the best musicians? How do you suppose it affected..
You are the manager of a local sporting goods store and recently purchased a shipment of 60 sets of skis and ski bindings at a total cost of $25,000 (your wholesale supplier would not let you purchase the skis and bindings separately, nor would it le..
A monopoly produces widgets at a marginal cost of $8 per unit and zero fixed costs. It faces an inverse demand function given by P = 38 ? Q. Suppose fixed costs rise to $200. What will happen in the market?
Suppose that Tara's estimated selling price is lower than originally projected during the first year. How much revenue would she need to earn positive
Consider the market for corn in the United States. Suppose that the mandated percentage of ethanol in gasoline is increased and at the same time a corn blight destroys a significant portion of the corn crop. Using a supply and demand diagram, show wh..
Which of the following is always true of monopolists? a. they charge the highest possible price b. they always earn high profits c. they do not have to worry about demand d. they charge a price higher than marginal cost
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