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A professor in the economics department of the college of business and economics at CSULA claims that there is much more variability in the final exam scores of students taking the introductory economics courses as a requirement than for students taking the courses as part of a major in economics. Random samples of 13 non economics majors (group 1) and 10 economics majors (group 2) are taken from the professor's class roster in his large lecture, and the following results are computed based on the final exam scores:A) n1 = 13 S12 = 210.2B) n2 = 10 S22 = 36.5C) At the 0.01 level of significance, is there evidence to support the professor's claim?
Assume that a monopolist considering to spend 500.000 usd on large campaign to promote the their products.The demand curves are defined by p = 150 - 3q, where q is the output-quantity in 1000-usd. By executing the campaign the firm expects the new de..
quantity price/dollars total revenue total variable costs dollars total cost dollars 0 22 0 0 50 20 20 16 66 2 19 38 3 18 54 45 95 4 17 68 59 109 5 16 80 75 125 6 15 90 93 143 7 14 98 112 162 8 13 104 140 190 9 12 108 180 230 10 11 110 230 280
the manager of Burger Man - a firm that rents a spot to sell burgers at Easy University. Based on estimates provided by a consultant, burger demand (monthly) and cost functions for meals are Q= 2500-250P and C= 500+ 2Q (MC=2), respectively.
Pitt and Penn State must decide on next year's in-state tuition for full-time undergraduate studnets. Pitt plans to increase Pitt tuition by 4% plus on half o Penn State's percentage increase in tution. Similarly, Penn State plans to i..
You work on a doughnut farm--you grow doughnuts. In each period, you are able to grow 20 doughnuts. If you go to the coffee & doughnut exchange, you may buy and sell doughnuts for $1 each, and buy and sell coffee for $2 each.
Knockoff Inc. produces what it regards as a low-quality digital camera. However, because the market is so new, reputations for quality have not yet developed, and consumers cannot tell the quality difference between an Ajax digital and a Knockoff ..
The ABC Company has contracted to make the following payments; $10,000 immediately; $1,000 at the end of year 1; $1,500 at the end of year 2; $2,000 at the end of year 3; $2,500 at the end of year 4; and $3,000 at the end of year 5.
your playing dungeon and dragons an old-school pen and paper role playing game. the game uses an 8 sided dice, with numbers 1-8 on each face. the probability of rolling each number is 1/8. let y equal the sum of values from two independent rolls, t..
a. If the interest rate is 35%, what is the maximum you can spend in the current period b. Id the interest rater was lower, you probably would be able to spend more than that. What would be the max interest rate that would allow you to spend $225 ..
A sum of $25,000 is deposited into a savings account that pays 8% interest compounded semiannually. Equal annual withdrawals are to be made from the account, beginning 1 year from now and continuing forever.
The market price of the product is $10 per unit and the market wage rate is $8. Labor employed 4, total product 17 labor employed 5, total product 20 labor employed 6, total product 25 labor employed 7, total product 28 labor employed 8, total produc..
Now suppose one big firm comes and buys out all of the firms in the cartel. This monopoly somehow miraculously is able to perfectly price discriminate. How much will this firm produce What will be the deadweight loss created by this monopoly
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