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1. The average reading speed of students completing a speed-reading course is 450 words per minute (wpm). If the standard deviation is 70 wpm, ?nd the z score associated with each of the following reading speeds.
a. 320 wpm c. 420 wpmb. 475 wpm d. 610 wpm
2. The following data values are 2009 per capita
a. Summarize this data set with a frequency distribution. Construct the corresponding histogram.
b. Use the histogram in Part (a) to ?nd approximate values of the following percentiles:
i. 50th iv. 90thii. 70th v. 40thiii. 10th
For the production function Q = K 0.35 L0.5 write the marginal product of K and L
1. in the kingdom of spamalot only a few people eat spam. you own the patent on spam production and enjoy exclusive
Draw diagrams illustrating the demand curves and how many firefighters would be hired by each of the two municipalities,
How can repeat purchase of a relatively new product be achieved?
The Business Cycle is the short-term fluctuations in the economy relative to the long-term trend in output; the recurring and fluctuating levels of the GDP growth rate over time.
given the following information about the market for gasoline quantities in millionsprice per gallonquantity
What would be the impact of a minimum wage set above the equilibrium wage on the labor market? Will it create a surplus or shortage of labor? Which sector of the labor market is affected most by this minimum wage?
a perfect competitive firm faces a market price of 10 for its output x. it owns two plants a and b whose total costs
What does Munger mean by the phrase "the price does the leading"? 3. Munger suggests several challenges that arise from the habit of anthropomorphizing the market. These help to explain people's apparent preference for central planning. What three..
Consider a small open economy with desired national saving of S = 20 + 200r* and desired investment of I = 30 - 200r*.a. Calculate national saving(S), investment(I), and the current account balance(NX or CA) in equilibrium when the real world interes..
Explain your question and receive the step-by-step response ASAP. Describe in detail one factor which makes an industry a competitive industry and provide a real life example of this factor at work.
At what value of MC will there be no exports? Take a picture of this situation and paste it in your Word document. What can you conclude about the effect of the number of firms on PS from a merger to monopoly (from the cartel)?
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