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The earlobe test was introduced in a letter to the prestigious New England Journal of Medicine, in which Dr. Sanders Frank reported that 20 of his male patients with creases in their earlobes had many of the risk factors (such as high cholesterol levels, high blood pressure, and heavy cigarette usage) associated with heart disease. For instance, the average cholesterol level for his patients with noticeable earlobe creases was 257 (mg per 100 ml), compared to an average 215 with a standard deviation of 10 for healthy middle-aged men. If these 20 patients were a random sample from a population with a mean of 215 and a standard deviation of 10, what is the probability their average cholesterol level would be 257 or higher? Explain why these 20 patients may, in fact, not be a random sample.
1.-What are the short- and long-term economic benefits and cost associated with our current high federal government budget deficits 2.-Do you think the economic benefits outweigh the economic cost, why or why not
In 2014, "the United States exported $2.34 trillion worth of goods and services-an all-time record. Exports from the United States in 2014 equaled the entire gross domestic product of Brazil and exceeded all commercial output in India, Italy, or Mexi..
Explain what happens to price and quantity of milk when the following events occur (you do not need to analyze the event itself but rather determine the effect of the event on supply and demand of milk):
Identify most sold bread type
Two firms dominate the market for surgical sutures and compete aggressively with respect to research and development. The following payoff table depicts the profit implications of their different R&D Strategies.
Intermediate Microeconomics - ONLY 2 QUESTIONS IN ONE HOUR1.Suppose the demand and supply for milk in the European Union (EU) is given byp = 126 - 0.4Qd and p = 6 + 0.1Qs,
What would be the effect of each of the following on the supply of salsa in the United States? In each case, identify the responsible determinant of supply.
Using two graphs, show consumer surplus before and after government intervention.
In the hope of big returns, venture capitalists give funds to finance new firms. However, potential competitors and structures of market into which the new company enters are extremely important in realization of profits.
under pressure from lobbying groups the president of a newly-independent country implements a minimum wage of 6hour.
Describe the market growth rate for product and service.
a given the following monotonically transformed utility function faced by the consumerlnux y 0.5lnx0.5 lnythe price of
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