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Why do economists prefer to speak of demands arising out of "wants" rather than "needs"?
Explain why economist considers the concept of utility useful, even if psychologists cannot measure it precisely.
Why does the law of diminishing marginal utility encourage people to spread their spending across many different types of goods?
Explain why a good or service that is offered at a monetary price of zero is unlikely to be a truly "free" good from an economic perspective. Hint like water or air
Give an example of a good that you have consumed for which your marginal utility decreased with the amount of if you consumed. ~ McDonald hamburgers are not allowed.
Determine whether or not the argument uses any deceptive statistics. Give your opinion on whether or not the argument has persuaded you. Explain why or why not.
What is the probability that (i) the first decimal of its square root will be a 3, (ii) the negative of its logarithm (to the base e) will be less than 3?
Construct frequency distribution and calculate mean, range and standard deviation - Construct control charts for variables, rejects per unit and percentage defectives per batch
Explain how consumption of soft drinks could be a confounding variable in the relationship between caffeine and blood pressure.
For a relative risk of 2.1, what is the percent increase in risk?- For a percent increase in risk of 40%, what is the relative risk?
How are his views on slavery influenced by predominant ideas about race? In addition, compare Lincoln's position on slavery and race relations?
Determine fraction of employees cost between $1,500 and $2,000 per year?
Why are options better than proposing solutions during a negotiation? How do options help establish a working relation to help come to a mutual gains agreement?
the u.s. census bureau collects and analyzes data on numerous aspects of american life by state including the
Develop a scatter diagram and discuss about the casual relationship between those two variables by observing the overall trend of your plots of coordinates
Tthe hypothesis test used (normal curve, single sample t-test, dependent samples t-test, independent samples t-test, ANOVA). For situations 1, 3, 4, and 5, also state whether the test is unilateral or bilateral.
A shoe salesman want to see if his female customers have a preference in the color of shoe purchased. What is the test value for the following data?
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