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The publisher of a sports magazine plans to offer new subscribers one of three gifts: a sweatshirt with the logo of their favorite team, a coffee cup with the logo of their favorite team, or a pair of earrings also with the logo of their favorite team. In a sample of 500 new subscribers, the number selecting each gift is reported below. At the .05 significance level, is there a preference for the gifts or should we conclude that the gifts are equally well liked?
(Economics - Slavin, 2009) Between 1994 and 2005 our welfare rolls
Suppose there are 10 individuals who value a good at {$10, $9, $8, $7, $6, $5, $4, $3, $2, $1}. If the MC is $1.50, what is the optimal price? Calculate the number of units that are sold, total revenue and total profits. Calculate the optimal prices ..
The market for clothes has the structure of monopolistic competition. What impact will fewer firms in the industry have on you as a customer? Address the following issues.
Explain the organization of the Federal Reserve System. Explain reserve requirements. Explain the three types of unemployment. What is the difference between the nominal interest rate and the real interest rate? What are the four functions of money?
Insurance and social policy. You have been hired by an insurance company to help them launch a new product which would pay for long-term care in a nursing home for people at an average cost of $150,000/year. Who would you expect would buy your policy..
The efficient market hypothesis states that:
Please describe the actions of the economic actors in the economic circular flow diagram and the physical and monetary transactions that occur in each market of circular flow diagram. What is the circular flow diagram describing? Please explain the t..
A basic assumption for comparing the straight-line production possibilities curves for two nations is that the production possibilities curves reflect.
A multi concept restaurant incorporates two or more restaurants, typically chains, under one roof. Sharing facilities reduces costs of both real estate and labor. The multi concept restaurants typically offer a limited menu, compared with full-sized,..
What are some of the reasons the United States has run up such huge deficits on its trade balance (we import much more than we export)?
What would the estimated value of Brooks's stock be if the previous dividend were D0 = $3.00 and if investors expect dividends
During the current year ABC computer company makes $1M worth of computer com- ponents. Their labor costs are $500k and they pay $100k in indirect taxes. ABC sells all of the output to XYZ who incorporate the components into 50 computers. Calculate GD..
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