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Suppose that grade point averages of undergraduate students at one university have a bell-shaped distribution with a mean of 2.53 and a standard deviation of 0.41. Using the empirical rule, what percentage of the students have grade point averages that are greater than 1.3? Please do not round your answer.
Suppose the equilibrium price and quantity is established and that that tax is imposed which shifts the supply curve but also changes its slope. Explain how this effects consumers and producers. does slope become flatter or steeper?
China’s real GDP was 7,394 billion yuan in 2005 and 8,000 billion yuan in 2006. China’s population growth rate in 2006 was 0.5 percent. Calculate China’s economic growth rate and growth rate of real GDP per person in 2006.
Please apply demand and supply analysis to answer the following questions related to the U.S. real estate market: What is the impact on residential real estate market after the Fed stopped QE3 (buying bonds monthly from banks) in 2014? Please state t..
Which of the following models are not generally the best to use when generating short-term forecasts?
Suppose that the demand and supply of nurses (N) are given by the following lines:
Illustrate what is the loss minimization output level for the firm. what is the Average profit or loss for the firm. what is the Total profit or loss for the firm.
Two firms exhibiting Cournot behavior have proposed to merge. The resulting firm would account for about fifty percent of the market. It is widely expected that the price will rise as a result of the merger. The firms claim that the merger is in soci..
Illustrate what is standard inconsistent cost. Illustrate what is the marginal cost.
Does the level of taxation in a closed economy have an impact on national savings?
(a) Basing your calculation on simple interest and giving your answer correct to four significant figures, calculate the annual rate of rate of interest paid to Barbara. (b) State your answer in (a) rounded to three significant figures.
Find the inverse demand curve. Find the price that maximizes revenue. Find the elasticity of demand when price equals 12, using a point elasticity.
the following is a labor supply functionwage per
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