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"For the following question I can't understand where the 0.086 comes from via the t table. Please advise. The average test score of a population is 75. A sample of 9 students are randomly selected. The sample standard deviation is 10. What is the probability the average score for the sample is above 80?"
What are the characteristics of a monoplolistic competitive market structure? What are the characteristics of an oligopoly market structure? Why is game theory used to explain oligopoly behavior? Explain the kinked-demand theory of oigopoly? How do m..
Explain how the economy coordinates interdependent economic actors through the market forces of supply and demand?
Analyze the following ideas graphically and explain any fallacies that may be stated. An increase in demand will cause price to rise, with a rise in price, supply will increase and the increase in supply will push price down. Therefore, an increase i..
what is the marginal utility of X? If a consumer moves downward along an indifference curve, what happens to the marginal utilities of X and Y? What happens to the MRS?
Elucidate how events such as the World Trade Center and Pentagon attacks described in the case study affect the aggregate demand curve.
Suppose a linear demand function is estimated for good x as, Qd = 100 – 4*Px + 6*Py + M. where Px = $4, Py = $2, and M =10. M is the average income of consumers, measured in thousands of dollars. What is the price elasticity of good x?
Should the Government Control the Economy? STEP 1 Research arguments for and against one of these topic questions: Should government raise the minimum wage? or Should government set the price of gasoline?
Give a Share of GDP (percent), such that C=69.9, I=19.0,G=15.3, X-M= -4.5. If consumption in the changed to 43 while government expenditure and net exports remained constant, what would happen to investment as a share of GDP ?
a. What is the market clearing equilibrium price and quantity? b. What is the efficient quantity?
A perfectly competitive firm is in the short run and has variable cost = 6q^2, and MC = 12q where q is the quantity of output produce.
Assume that the supply of soda is more elastic than the demand for soda. Using a supply and demand diagram and a "tax wedge," show whether the buyers or the sellers will bear the bigger burden of a soda tax.
Provide optimal wage-bonus package, compute this employees' effort, expected payoff and employer's profit. Draw a game tree for employer-employee game in parts a-c.
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