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Health insurers are putting pressure on hospitals to reduce the average "length of stay" of their patients. A random sample of 27 hospitals in one state had a sample mean "length of stay" for men of 4.1 days and a sample standard deviation of 1.85 days. Compute and explain a 99% confidence interval estimate of the population mean "length of stay" for men in that state.
the city government is considering two tax proposals- a lump-sum tax of 300 on each producer of hamburgers.- a tax 1
What effect would a depreciation of the U.S dollar, relative to the Chinese Yuan, have on both our exports to China and our imports from China?
The price of a 10-year bond can decline by approximately 9% if interest rates rise by 1% point. To illustrate this, suppose you own a 10-year U.S. Treasury bond that has a bond rate of 2% per year. How much money will you lose if the value of the bon..
Large-scale wars typically bring a suspension of international trading and financial activities. Exchange rates lose much of their relevance under these conditions, but once the war is over governments wishing to fix exchange rates face the problem o..
The demand function for a firm’s product is Q = P^(-3). The firm’s marginal cost of production is constant at MC(Q) = 12. Calculate the elasticity of demand, as a function of Q. Does the firm’s profit maximization problem satisfy the global SOC?
Bob's preferences over consumption is defined by the following utility function: u(c1,c2) = c1^2/3c2^1/3. Note, c1 is Bob's consumption in period 1 and c2 is Bob's consumption in period 2. Calculate Bob's present value and future values of income for..
XYZ Co. manufactures bicycles. Demand for this year’s model is expected to occur at a constant annual rate of 7200 items. One bicycle costs $245. The holding cost is based on a 11% annual rate, and production setup costs are $340. Use the production ..
Elucidate your reasons as to whether oligopolies are bad for society in part a and how it applies to the beer industry in part b. Submit your analysis in a one to three page paper.
In the Full Employment and Balanced Growth Act of 1978,
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.
A restrictive monetary policy, all else equal, will: Stating the dollar has strengthened against the yen means the dollar has depreciated.
Summarize the recent policy of the Federal Reserve concerning the level of interest rates and the reasons for this policy. Do you agree with this policy? Why or why not? How does this policy affect the supply of and demand for products and services?
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