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Suppose you just got the results for your economics midterm: you scored 90 points. You also learned that the class grades were distributed normally, the average was 75 points, and the top ten percentile cutoff was 95 points. a. What is the standard deviation for the class? b. What percentile did you score in?
Could a service industry utilize production line approach or self-serve design also still keeps a high customer focus
describe the three types of unemployment. What types of government programs would be most effective in combating each type of unemployment
Elucidate how principles of economics affect decision-making, interaction and workings of economy as a whole.
Show why this equilibrium point is unique, i.e. if we are not at point E, illustrate what would happen in this economy.
Explain how much he finishes up paying each provider every month. Explain how much customer extra he obtains with each provider.
Help wanted advertising is higher than usual also the consumer price index is up more than expected.Inflation has slowed markedly also the Dow Jones average is at record levels.
What is the equilibrium Price and Quantity in the market? Now suppose the government imposes a special tax on these computers. Describe what would happen in this market in terms of the supply and demand curve.
Repeat these calculations for the third, fourth, and fifth years, assuming that the Government taxes at a rate each year and has noninterest expenditures annually.
The equations representing demand as well as, inverse demand as well as, supply as well as inverse supply are as follows.
Your demand for minutes of calling is given by the equation: Q_d = 150-50*P, where P is the price of a minute. illustrate what is the cost of an extra minute on the phone.
When design dominance is discussed, what company name comes to mind.
What economic example could be used to demonstrate incentives that were used to "nudge" buyers/sellers
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