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Suppose the average puppy weighs 10 pounds. A sample of 10 puppies yields a sample mean of 13.2 pounds and a sample standard deviation of 2.78 pounds. Assume the population standard deviation is known to be 5.25. You want to test whether the sample mean differs from the population mean of 10 pounds at a 5 percent level of significance using a two-tailed test. Determine whether or not the null hypothesis should be rejected.
What can you say about the relationship between marginal revenue and marginal cost for output rates below the profit-maximizing (or loss-minimizing) rate? For output rates above the profit- maximizing (or loss-minimizing) rate?
1) An important reason why economies at an early stage of development tend to operate inefficiently is a) they tend to be dominated by the agricultural sector, where productivity is usually low. b) they tend to have authoritarian governments that sti..
For an unknown reason, aliens kidnapped all immigrants residing in the US. One morning America wakes up and finds that the only people left in the country are American citizens, while all legal and illegal immigrants are gone.
Automotive Rebuilders, Inc., is considering a new automated assembly line to automate assembly of rebuilt alternators. The new line can be installed for $525,000 today and will have a life of 9 years until technological obsolescence.
Assume that the Wall Street analysts believe the industry has good growth prospects. The audit client is predicting a 20% increase in sales and a 27% increase in profits for the year under audit. 65% of all sales are made to just five customers.
Elucidate how globalization affects the gross domestic product (GDP). Explain your thoughts on globalization in your own words.
For a developing country to grow, it needs capital. The major source of capital in most countries is domestic saving, but the goal of stimulating domestic saving usually is in conflict with government policies aimed at reducing inequality in the d..
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
Adopting the main features of the neoclassical supply of labour, elucidate how these 2 factors may be related.
Use this information to calculate the price elasticity of demand for Model T Fords. Use the midpoint formula in your calculation.
ou bought the bond for $1,040, after 6 months you received a coupon of $35 and after another 6 months you received another $35 coupon and you sold the bond for $1,070.
The consumption taxes the government collects in a given period are not restricted to be levied on consumption from only in that period.
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