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A random sample of 64 observations is drawn from a population with a standard deviation of 19. The sample mean was calculated to be 278. What is the width of the 99% confidence interval for the population mean?
Set all variables to their baseline values. Elucidate how much money do consumers want to spend on spaghetti when the price.
q1. the third largest city of a country has a population of 12.5 million. using the ranksize rule what is the
Does the aggregate demand-aggregate supply model support Bernanke's thesis.
Alice’s preferences are represented by the utility function U(x, y) = x/ y if y > 0 and U(x, y) = 0 if y = 0. Draw a couple of her indifference curves, describing precisely your procedure, showing whether or not she • prefers more of each good to les..
Assume a person is working 40 hours per week. If the wage rate is greater than the person’s marginal rate of substitution (MRS) at 40 hours, he or she would maximize utility by working more hours. Persons with more education will be able to earn (on ..
In the economy of Wrexinton in 2008, consumption was $500, exports were $200, GDP was $1200, government purchases were $250, and investment was $300. What were Wrexingtons imports in 2008?
Suppose the initially, real GDP is $14 trillion. The government wishes to increase real GDP to $15 trillion. The marginal propensity to consume (MPC) is 0.8 and every $1.00 increase in real government spending crowds out $0.50 in real plan investment..
How do you feel the study of Managerial Economics will benefit you as a business and household decision-maker?
What is the opportunity cost of investing in capital? Do you think a country can "over invest" in capital? What is the opportunity cost of investing in human capital
An irrigation return flow drain has sampling equipment that can be powered by solar cells or by running an electric line to the site and using conventional power. Solar cells will cost $14,000 to install and will have a useful life of 10 years. Annua..
Export and import practices are at the heart of a country’s trade balance with the rest of the world? Why do some countries subsidize their exports when WTO regulations do not allow that? Are global companies such as Intel, Cisco, Microsoft, oracle, ..
Consider an agricultural subsidy provided by the US government. Consider also that milk is one of the products subsidized. If there is NO trade with the rest of the world, the domestic price of milk in the US would be $2 per gallon and the equilibriu..
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