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In a survey of first graders, their mean height was 49.9 inches with a standard deviation of 3.15 inches. Assuming the heights are normally distributed, what height represents the first quartile of these students?
1. What is organizational behavior? Describe with real life examples.
An arithmetic gradient is to be used to approximate a geometric gradient for an engineer's salary, which is $35,000 initially.
Assume Americans currently import more than they export. Illustrate the effect of foreign- ers becoming more optimistic about their future incomes. What happens to the quantity of Americans’ net imports? What happens to American consumption? Suppose ..
Explain how a monetary policy that focuses on influencing the federal funds rate can influence other market determined interest rates. Does the existence of federal deposit insurance render the Federal Reserve’s role as a lender of last resort unnece..
How did political revolutions in the Atlantic Ocean basin affect or alter the institution of slavery and the lives of slaves? What were the long-term consequences of revolutionary ideologies for peoples of color?
Suppose the own price elasticity of demand for good X is -4, its income elasticity is -2, its advertising elasticity is 4, and the cross-price elasticity of demand between it and good Y is 2. Determine how much the consumption of this good will chang..
You are to consider pricing separately, pure bundling, and mixed bundling. Without computations, which pricing policy from above would you recommend. Please explain why.
Over the years the market demand for “long-playing records made of polyvinyl has fallen considerably as new technologies replaced the old “lp” yet lps are still available for sale and they sell at price points higher (in some cases much higher) than ..
Charging prices closer to what consumers are willing to pay for a good:
The Shut-Kan-Do Sheet Metal Company is trying to decide whether it should pay now or pay later for upgrading its production facilities. If the company selected plan A for Action, the necessary equipment would be purchased now for $20,000. Find the re..
A single firm’s innovations in production technology often benefit the production of other firms, because these other firms learn about the new technology and can use some of the ideas in their own production. Why does this positive externality creat..
Confused and cannot find much information about the Keynesian model? According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes?
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