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1. A random sample of 250 Ontario households using natural gas heating show that the mean monthly consumption of natural gas is 107.73 cu. ft., with a standard deviation of 13.94 cu. ft. Use these statistics to construct a 94% confidence interval for the mean monthly consumption for the population of all Ontario households
Explain how the aggregate expenditure function shifts in response to changes in each of the variables - The real interest rate increases and Consumer confidence decreases.
Consider the most appropriate policy for tackling each of the different types of unemployment.
Brazen, Corporation produces sound amplifiers for electric guitars. The company's income statement showed the following;
Go to the website http:// www.fin.gc.ca. Click on "Budgets", then on "Archived Budget Documents", then on "2009", and finally on "Budget in Brief.Is the reasoning presented consistent with the model.Does knowlege of the model help you understand this..
Why do you think RCIPA serves as an intermediary between BCBS and the doctors who care for BCBS's clients? Why would BCBS risk paying "too much" for the medical care of their customers?
Assume the external marginal cost of pollution is MCext=5Q and internal marginal cost is MCint=10Q. Further, suppose the inverse demand for the product, Q, is given by P = 90-Q.
They argue that free trade will increase total world output and make people of trading nations better off. Discuss how this argument relates to concepts presented in the chapter.
How does varying preferences and restriction in the global community effect the marketing mix-promotion such as coupons in Greece and prohibition of games in France.
Show that if Y1 has a chi-square distribution with v1 degrees of freedom and Y2 has a chi-square distribution with v2 degrees of freedom, then U = Y1 +Y2 has a chi-square distribution with v1 +v2 degrees of freedom,
Discuss what the economist intends to teach you about cost using this cost function. The economist for the Grand Corporation has estimated the company's cost function, using time series data, to be:
Using the forecasts from 2005 through 2009, compare the accuracy of each of the forecasting methods based on the RMSE criterion.
Many social scientists say that poorer Third World countries should reject "models based on economic laws" of universal validity. According to them, there are no universal laws.
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