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Based on both the assigned and outside scholarly research, what are the benefits of random assignment to group? Next, describe two ways to obtain a random sample
Consider the utility function for a utility maximizing individual consuming two goods X and Y. U (X,Y)= X2Y+15. This person pays 3 dollars for good X and 5 dollars for good Y with an income of 150 dollars. (5Y+3X
An agribusiness firm may undertake three alternatives: The Stinson family owns a farm in Amarillo, Texas. Three alternatives for how to use the farm:
Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate Consumer Surplus. Consider a market with a demand curve of P=24-2Q and a supply curve of P=3+Q. Calculate Total Surplus. Consider a market with a demand curve of ..
What are FedEx’s core competencies? How might they lose their core competency and what do they need to do to hold on to it?
There are two types of genetic drift. Describe and give an example of both the bottle neck effect and the founder effect.
Suppose that velocity is constant at 9, but the nominal money supply increases from $1.5 to $1.8 trillion. What must happen to nominal output? Suppose further that real output is constant at 13.5 trillion “units”: what must happen to the price level?
Suppose there are two inputs in the production function labor and capital and that this firm has a strange technology: the two inputs are perfect substitutes. The existing technology permits one machine to do the work of three people. The firm wants ..
Interest rates in the United States have fallen in recent years. In terms of the loanable funds market, which combination of changes in the supply of and demand for loanable funds could best explain this?
Suppose that you want to maximize the value of the function f(x) = x^3-6x^2+9x, subject to 0 less than or equal x less than or equal 5. Which value(s) of x satisfy the first-order condition for this maximization problem? Which value(s) of x are bound..
What is the price elasticity of demand? Is the demand elastic, inelastic or unit elastic?
An economy has 110,000,000 people employed 8,000,000 unemployed, and 4,000,000 discourage workers. The conventional measure of the unemployment rate is what percent?
The role and importance of international business for national economies - Harvard reverencing. international trade pattern.
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