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Questions: Answer the following questions about hypothesis:
a) What is a hypothesis? Also, what is the function of a hypothesis?
b) What different kinds of reasoning a hypothesis testing involve?
c) What are the two major categories of statistical procedures?
What fiscal policy recommendations would you give considering the state of the economy today and in the future, the deficit, and the debt. Is your recommendation pro-cyclical or counter-cyclical? Explain your policy choices that you are making.
There are economies of scale in ranching, especially with regard to fencing land. Suppose that barbed-wire fencing costs $21,000 per mile to set up. Instructions: Enter your answers as whole numbers. Which is more costly—fencing in the four, one-squa..
Also, assume that the “target market” has 1 Household and 1 Graphic Designer (a simple way of representing equal proportions of each type of customer). The marginal cost of production is $0. If Adobe sells only to Graphic Designers, what is the optim..
Determine the net present value of the stream of profits, i.e., discounted profits in year 1, year 2, year 3 less the cost of the deal.
Derive the monopolist's optimal price and advertising expenditure. Be sure that your answers should be a function of exogenous parameters (here c).
Conclude how the abatement levels should be reallocated across the 2 industries to minimize costs.
Is education provided by the government a public good? Explain your answer. Are the externalities associated with common resources generally positive or negative? Give an example of common resources. Is the free-market use of common resources general..
Personal values often represent individual characteristics and beliefs that determine people's behavior in various environments. Personal values and ethical standards are developed throughout life.
1. A government currently has a tax system such that it takes a fixed percentage (t) of any labor income. Consider an alternate proposal called a "negative inco
Students will develop cost curves on which firm behavior is based and will utilize these cost curves to determine the behavior of their chosen organization in the market served.
Explain, in detail, types of strategies a company may use to control shortages and how these strategies may impact consumers and governments (e.g., pricing stra
Explain the dual objectives of the Federal Reserve when dictating that nation’s money supply. Given these, explain whether the Federal Reserve has been successful in achieving the objectives over the last 15 years.
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