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1. What are the independent variables in the study just described?
2. What is the dependent variable in that study?
3. Experiments like this are usually done with some hypothesis in mind. What would you expect was the experimenter's hypothesis?
4. Describe the chain of assumptions underlying the measurement issues in this study.
5. We saw that we often treat a discrete variable as if it were continuous. Under what condi- tions would we be likely to do so?
The French government has recently increased the retirement age, a decision which is opposed through a large fraction of the French public, especially in students
cold case inc. produces beverage containers used by fast food franchises. this is a perfectly competitive market.
How does the price elasticity of demand affect a consumer's purchase
1. the following table give joint probabilities relating cell phone usage to stopping properly at intersections.a
Inflation is at 1.2% and relatively stable at the level. The GDP is at $13.6 trillion. Assume that you are on the Council of Economic Advisors which is the group that advises the President on economic policy issues.
Among the cast aluminum parts manufactured on a certain day, 80% were flawless, 15% had only minor flaws, and 5% had major flaws. Find the probability that a randomly chosen part has a flaw (major or minor).
Explain why managers should be concerned about the trust customers have in their brand or company and what they can do to build trust.
With respect to price elasticity of demand, create a graph using the information in figure 1. Illustrate the ranges on demand curve that indicate elastic, inelastic, and unitary elasticity.
Which of the following is an example of "supply-side economics"? A. an investment tax credit B. a one-time tax rebate to low-income families C. a new Medicare drug benefit for the elderly D. an increase in Social Security benefits E. all of the above
Derive a total revenue function and a marginal revenue function for the firm. Calculate the profit maximizing level of price and output for One and Only Inc.
what is the difference between contractionary and expansionary fiscal policies? which is more appropriate today?
Make a short treatment on the examine governments take to promote exports and restrict imports. Describe who profits and who loses from protectionist rules as they relate to net outcome for society.
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