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We learned in Exercise 3.25 that about 69.7% of 18-20 year olds consumed alcoholic beverages in 2008. We now consider a random sample of fifty 18-20 year olds.
(a) How many people would you expect to have consumed alcoholic beverages? (round to one decimal place)
What is the standard deviation? (round to two decimal places)
(b) Would you be surprised if there were 45 or more people who have consumed alcoholic beverages?
Why do monopolistic competitors have a tendency to advertise much more than perfectly competitive firms?
Suppose you have $2,000 in your E*Trade account. You borrow $1,000 and invest all $3,000 in the Intel stock. Determine your portfolio weight Wintel and Wcash. Suppose you have $2,000 in your E*Trade account. You sell short some Intel shares and recei..
An IT company called Zucchini has the following production function: y=16L^(1/4) K^(1/4). (A) Using the following two conditions for profit-maximizing in the long-run, show that the long-run demand functions for input labour is L=(4p/r)^(1/2) (4p/w)^..
Corporation strategy and business (or competitive) strategy. Company is "Whole food market INC in 2014" What have been the key elements of the company’s corporate strategy up until the time of the case? What is the company’s business strategy (ignore..
Show what happens to one or both curves for the given scenarios. If the scenario does not change either curve, leave them in their original positions.
The total surplus (TS=PS+CS) under the old tax per unit was $2000. Next, government reduces the tax rate such that the total government revenue drops $200 below its previous value and DWL drops $100 below its previous value, what can be a possible ne..
Using a graph explain the welfare impact of tariff on domestic consumers, producers, government, and national welfare in a) a small country b) a large country.
q. new manufacturing technologies are often viewed as labor saving in nature. using a production possibilities frontier
if korean exports to the united states decline by 15 billion by how much will cumulative korean spending drop if their
What is the Adjusted Internal Rate of Return (AIRR) for this renewable energy system?
For every of the subsequent goods, indicate whether you expect demand to be inelastic or elastic also explain your reasoning
Why is it important for government agency's budget hearing process and governing body's efforts to obtain input from key stakeholders and the public before making final decisions?
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