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Z-scores and six sigmas are a new concept this week and I am having a hard time understanding. What I gather so far is that six sigmas is a process that uses data to show how something is performing and z-scores is a standardized version of standard deviation? Can someone please explain to me these concepts?
Suppose a perfectly competitive industry whose demand and supply are characterized by the following demand and supply functions: Qd = 180 − 2P and Qs = 10P. How many units will the representative firm produce? Taking this quantity as the average per ..
You are a manager for monopolistically competitive firm. From experience, the profits maximizing level of output of your firm is 100 units. However, it is expected that prices of other close substitutes will fall in the near future. How should you ad..
According to the absorption approach, does it make any difference whether a nation's currency depreciates when the economy is operating in less than full capacity versus a full capacity?
You purchase a residential home in July 10th 2013 that you are going to use as a rental property. You paid $250,000 and the land was valued at $50,000. What is your allowable TAX depreciation for 2013. You purchase a dump truck for $75,000 that you e..
Elucidate why your answer to part (a) is an example of marginal analysis also optimizing behavior in general.
Derive the implicit function rule. (Quantitative methods in Economics)
Differentiate between Public and Private goods. Make sure you state their characteristics and substantiate your answer with examples in each case.
Approximately 90,000 students per year apply to the top MBA programs. Using the concept of net present value and opportunity cost, explain when it is rational for an individual to pursue and M.B.A. degree.
Demonstrate, using supply and demand analysis, the effect on the equilibrium price and quantity of new hybrid automobiles when the following occurs.
Illustrate what is the basic objective of monetary policy. What are the major strengths of monetary policy.
In the short run, if a firm is suffering a loss, it should a. always shut down to prevent further losses b. continue to operate as long as it can recover variable cost c. continue to operate as long as it can recover fixed cost d. continue to operate..
Rational expectations imply that households and firms are forward looking. What does that say about the importance of a short-run downturn in demand for firm decisions? Explain why firms might hold excess labor and capital during a recession. Explain..
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