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A population has a mean of 78 and a standard deviation of 12. What is the mean and standard deviation of a sampling distribution of sample means with sample size n=36
Mean Ux =
Standdev Ox =
which limits amount of goods they can purchase. Preference Consumers always choose goods which give most pleasure. So how do we measure about pleasure.
Assume that his payments and deposits are made annually. What is the value of each of John's two investments at the end of the 30-year period?
Defining managerial economics by reffering two economists, using the positive approach. discuss by using specific examples the purpose of economic analysis and use of economic model.
Would integration between the following types of firms constitute a horizontal, a vertical, or a conglomerate merger?
a) What must the equilibrium nominal interest rate be? b) What must the velocity of money be?
Other things being equal, a price-discriminating firm will charge less to the customers who. Monopolies that price discriminate do so because.
The normal way of filing taxes is to put in a very low number, which starts a protracted series of negotiations, eventually ending up with a higher number being paid. This new bank did not follow this and the Italian authorities assumed it was stated..
Suppose that the price of the firm’s product is $20. What are the firm’s marginal and average revenue product functions? What is the firm’s short-run demand function for input Z.
Why will Open Table competitors have a difficult time competing against Open-Table? What characteristics of the restaurant market make it difficult for a reservation system to work? How did Open Table change its marketing strategy to succeed?
What is bribery, and what are the issues caused by bribery? How would you deal with bribery if you were faced with the issue?
Explain how shortages/surpluses are eliminated in a free market system. You can use graphs and specific examples in your analysis. Graphs don’t count towards the word limit. Explain the difference between scarcity and shortage.
A firm has a production function represented by: q=L^(.75)K^(.25). Find a function for how much capital and labor a firm should hire to produce a given level of production in terms of the price of labor, w, and the price capital, r.
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