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Gerald took the ACT and scored a 27 on the math portion. The ACT had a mean math score of 21 with a standard deviation of 5.1.
Which student scored better with relation to the other students in the distribution?
Which of the following is NOT a function of the foreign exchange market? Which of the following is a system that allocates financial resources in the form of debt and equity according to their most efficient uses?
Illustrate what is the average labor productivity, in terms of square feet per painter-hour.
The characteristics of market structure make quality competition more likely than price competition? Which type of competition is more desirable from your viewpoint? Discuss.
Consider the specific factors model we discuss in class. Suppose that when the Home country opens up to trade, the price of the M good relative to the A good decreases. In our class, we assume that this relative price increases. Which good is exporte..
A company manufactures smartphone microprocessors whose cost function is given by C=6X+9, where X is the number of microprocessor chips. The selling price per unit is P=30-3X and maximum output of the plant is 30,000 units per month. Determine the op..
The grounds, a coffee shop, has daily averaged fixed costs of $273 each day and unit costs of $0.85 per cup of coffee. The coffee sells for $2.15 per cup. what is the cost function? what is the revenue function?
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 yuan. If Starbucks is maximising its profit, What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
Write a short essay of about 750 words on the following topic: What are the common defenses of protectionism? Evaluate them.
Laura has an undergraduate degree in economics and has been working as a utility rate analyst at the local electricity utility. If she continues on her present career path, the present value of her lifetime earnings is $250,000. Calculate the discoun..
A detriment to economic growth: According to the principle of comparative advantage, trade between two countries will benefit:
Assume an economy without government and without trade. Suppose the Consumption function is given by C=100+0.8Y, whereas I=50. What is the equilibrium level of income in this case? What is the level of saving in equilibrium?
Which of the following is not an accurate description of what can cause inflation?
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