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A sample of 16 items produced a mean of 110 and the standard deviation of 25. Test the hypothesis that the population mean is less than 118 at 10% significance level.
Under which of the following circumstances will the seller pay the whole of a per-unit tax? When a simple monopolist – no price discrimination – chooses to sell an additional unit of a good or service. Suppose we observe that the price of gasoline ha..
Construct a 95% confidence interval estimate of the population mean energy usage for this model of refrigerator.
Farmer brown produces eggs and milk on his farm. He initially produces at point A. HE WOULD LIKE to produce the same amount of eggs per day and increase his milk production by one gallon per day. how does the production possibilities curve ( ppc) ill..
Suppose that Antonio, an economist from an AM talk radio program, and Caroline, an economist from a school of industrial relations, are arguing over government intervention. Caroline: The usefulness of government intervention in the economy is a long..
A firm in a purely competitive industry has a typical cost structure. The normal rate of profit in the economy is 5 percent. This firm is earning $15 on every $150 invested by its founders. What is its percentage rate of return? percent. Is the firm ..
For each of the following scenarios, say whether pooling or diversification is a more promising risk-mitigation strategy.
There were 13,249 weddings in Springs City last year. According to state records, notaries public performed 17% of the weddings. How many weddings were not performed by notaries public?
What exactly is computational economics? For example, does certain software for calculating/predicting/visualizing cost of manufacture falls under computational economics?
What is the ethical issue in this situation? Who are the stakeholders in the suggested transaction?
The value of the CPI for 2014 was 236.7, compared to 56.9 in 1976. Which year did a newly hired professor earn more in real terms.
Variable costs are $3 per unit and the firm is making an accounting profit of $3000. What is the firm's total variable costs?
Each? month, 35 new people? (not including the 23lacking required? skills) continue to become? unemployed, but each monthly group of newly unemployed.
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