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A farmer wants to test the effectiveness of a pest control method in allowing strawberry blooms to yield marketable strawberries. In a pilot study of a random sample of 100 blooms, 77 yield marketable strawberries. What sample size should be used for a future study to ensure that the margin of error is less than 5 percentage points, 95% of the time?
Research any two publicly traded companies, looking for one that has an attractive price earnings ratio and one that has an unfavorable price earnings ratio. Explain how you knew the price earnings ratio was attractive and unfavorable.
Briefly explain the different types of Unemployment? What is relationship between inflation and unemployment? A country has 245.9 million of working-age population, out of which 155.5 million are in labor force. From total labor force, 144.2 million ..
During the last few decades many new management tools have been introduced. What tools would be the most profitable for managers?
Why might an active policy approach be more politically popular during a recession?
Using the following information, determine the depreciation schedule for the assembly line.
Many economists point to moral hazard as the primary reason underlying rising health care costs in the United States. How does price elasticity of demand influence the moral hazard problem? Explain how an insurer could reduce the scope of the moral h..
If a high per-bag fee were charged for garbage collection, how would consumers respond? What can cities do to reduce the amount of garbage that goes into landfills?
Consider a monopolist with demand curve P= 100-Q/2 . The total cost of production is 10Q + 1500 for positive ouput and 500 if it shuts down production. Illustrate what is the maximum profit the monopolist can earn (assuming no possibility of price..
Suppose that the learning effect coefficient in the production of wrist watches is -0.2. If the average cost of producing the first watch is $100, what will be the average cost of producing the 40 th watch?
The burden of a tax imposed on a good falls at least partially on consumers if:
Consider a onetime change in government policy that immediately and permanently increases the level of the labor force in an economy (such as a more generous immigration policy). In particular, suppose it rises permanently from L to L. Assuming the e..
Explain the events below using supply and demand. At a restaurant that does not take reservations, people arriving at 7:30 normally have to wait for an hour, but some people arriving at that time give money to the hostess and are promptly seated.
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