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Smarty Smartpants, scored 96 points on a test. His classroom has 10 students, and the Σx=810, (Σx)^2=656,100, Σx^2=65,835 His cousin, Orville Overachiever, scored 98 points on a test. His classroom has 12 students, and the Σx=960, (Σx)^2=921,600, Σx^2=77,339
What is the mean for Smarty's Class?
Define carefully what is meant by a demand schedule or curve. State the law of downward-sloping demand. Illustrate the law of downward-sloping demand with two cases from you own experience.
Tom and Jerry are both enterpreneurs and are producing hats and scarfs. Tom is producing 1 hat and 3 scarfs per hour whereas Jerry is currently producing 2 hats and 5 scarfs per hour.
Tutorial help on Excel® and Word functions can be found on the Microsoft® Office website. There are also additional tutorials via the web offering support.
-In the aggregate supply and demand? model, in long run equilibrium. A recessionary gap occurs when.
Explain the relationship between price, short-run marginal cost, short-run average cost and long-run average cost in the final long-run competitive equilibrium condition. What are economic profits in this long-run equilibrium condition?
Both mountain bikers and hikers enjoy Horse tooth Mountain Park. Assume there are more substitute hiking spots than there are biking trails. Further assume that there are demand side congestion effects of both bikers and hikers visiting the Park. Sho..
In the Solow growth model, human capital will increase if (choose the best answer):
What does this theorem allow that traditional statistics do not? What are some prerequisites for using Bayesian statistics?
The Australian government administers two programs that affect the market for cigarettes
q1. the taxing agency in your state would like to impose a sales tax in a way that minimizes deadweight loss. to
Suppose the production function for pasta is Q = 4kl ; What is the long-run optimal input combination when Q = 16 , r = 4 , and w = 36 and what is the long-run total cost function when r = 4 and w = 36
Mudvayne, Inc., is trying to determine its cost of debt. The firm has a debt issue outstanding with 18 years to maturity that is quoted at 107 percent of face value. The issue makes semiannual payments and has an embedded cost of 8 percent annually. ..
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