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The intelligence quotient (IQ) score, as measured by the Stanford-Binet IQ test, is normally distributed in a certain population of children. The mean IQ score is 100 points, and the standard deviation is 16 points.18 What percentage of children in the population have IQ scores
(a) 140 or more?
(b) 80 or less?
(c) between 80 and 120?
(d) between 80 and 140?
(e) between 120 and 140?
A firm's demand function is defined as Q = 30 - 2P. a) Use this demand function to calculate total revenue when price is equal to 10 and when price is equal to 11. b) What is marginal revenue equal to between P=10 and P=11
At what rate is per capita output growing at the steady state? At what rate is total output growing? What if total factor productivity is increasing at a rate of 2 percent per year ( g .02)?
Suppose a firm producing a commodity X is a price taker. The prevailing market price for X is Php. 20. The firm's cost is given by TC=(0.1q^2)+10q+50 where q=the number of X the firm chooses to produce per day.
Robertson Inc. wishes to set aside lump sum money to withdraw from and invest in automating parts of its business over the next 5 years. This money is expected to earn compound interest at the rate of 10% per year.
Could conflict minerals be excluded from the global supply chain without hurting the noncombatant citizens of the DRC?
Develop an Excel spreadsheet that Souter can use to evaluate the economics of the two-part fee structure
On the left tab under Publications, go to the Interactive Data Tables. Select National Income and Product Accounts. examine all four components of GDP (C, I, G, and Xn). Which of these four components of AD declined the most during the 2007 and 200..
the external demand and marginal cost functions of the marketing divisions of the firm are respectivelyqm 160-10pm or
What might be the rationale for the introduction of the "employed civilian labor force" (X6) in the demand function? How would you interpret the various partial slope coefficients? Obtain OLS estimates of the preceding model
The oil price shock of 1980 sent gasoline prices sharply higher. Coal prices moved in sympathy with oil prices, with the result that coal companies earned pure economic profits. Since coal is a homogeneous good and the market is competitive.
Jodie earns 25,000 atthe end of year 1,when the CPI was 460. If the CPI at the end ofyear 2 is 504, what would Jodie have to earn at the end of year 2to maintain a constant real wage.
TLC Lawn Care, Inc. provides fertilizer and weed control services to residential customers. Its seasonal services package, regularly priced at $250, includes several chemical spray treatments. As part of an effort to expand its customer base.
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