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In testing whether the means of two normal populations are equal, summary statistics computed for two independent samples are as follows: Brand X Brand Y n1=20 n2=20 x1 bar 7.30 x2 bar=6.80 s1=1.10 s1=1.15 Assume that the population variances are equal. Then, the standard error of the sampling distribution of the sample mean difference x??1−x??2 is equal to
Demand Function: Q=1,000 - 40 P MR=25-0.05 Cost Function: 4,000 + 5Q How do you achieve the optimal price and quantity? How do you formulate the solution?
One month ago, they added five workers, and productivity also increased by 50,000 pages per day. Copiers cost about twice as much as workers. Would you recommend they hire another employee or buy another copier?
Consider the types of non-tariff trade barriers and determine which has the most detrimental effect on the U.S. economy from the standpoint of the domestic consumer. Explain your rationale and support it with specific examples.
Assume that the following data describe the condition of the banking system: By how much could the banks increase their lending activity?
Explain what happen if all workers and jobs were identical, there would be just one wage rate, assuming perfect information and costless mobility.
What does the economy look like when the economy is in an unemployment gap? What type of unemployment rate is it compared to the Natural Rate of unemployment? What about inflation?
What's the difference between real GDP and real GDP per capita? Which one is more important? Why? What are your thoughts on the Affordable Care Act (normally referred to as Obamacare), and its impact on unemployment/employment and economic growth? Ho..
Present and future values for different interest rates. Find the following values. Compounding/discounting occurs annually. Round your answers to the nearest cent. An initial $700 compounded for 10 years at 9%. Define present value. How are present v..
The following are different types of production function. Determine whether each one has constant, increasing or decreasing returns to scale. a. Q=20L+20K+50 b. Q=30L²+25K² C. Q=40L+20K+10LK d. Q=25L0.4K0.8 e. Q=20L0.3K0.6M0.2
Select a USA from the Index also bring in additional source material to Explicate its ranking also Explain how it has changed over the last 5-10 years.
You purchased a machine for $1,200,000 (installed), and you depreciated it using a 5 year MACRS. In year 3, you sold the machine for $700,000. You financed 70% of the purchase price on a 5 year loan at 8%. Your company is in a 35% tax bracket. Show t..
If David also Ellen live in rent-controlled apartments, illustrate what is the equilibrium cost for the non-rent-controlled apartments.
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