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1. Suggest some ways in which we could draw an approximately random sample from people in a small city. (The Census Bureau has to do this kind of thing frequently.)
2. Give an example of a study in which we don't care about the actual numerical value of a population average, but in which we would want to know whether the average of one population is greater than the average of a different population.
The AS curve does not describe the same kind of relationship between price and quantity as a microeconomic supply curve. Why?
A large electric utility company has proposed building an $820 million combined cycle, gas powered plant to replace the electric generation capacity at one of its coal fired facilities. Developed three other alternatives for replacing this electric g..
For studying demand relationships for a proposed new product that no one has ever used before, what would be the best method to use?
Explain the relationship between scarcity, choice and opportunity cost.
Cost of One Processed Cow Hide = $ 150.00 Average Number of Leather Belts per Cow Hide = 30 Leather Cost for One Leather Belt = Hide Cost divided by Belts per Hide =
What is the future value, ten years from now, of ten $1,000 cash flows using a periodic interest rate of 8 percent compounded annually? The cash flows are made at the end of each year.
starburks is the company we are competing with we want to enter the market and determining the followingdiscuss any
Build the time series for the Index of Openness (Export of Goods/GDP) using a spreadsheet and build the time series of Imports of Goods/GDP.
A self-employed individual contributes $5,000 annually for 30 years into an Individual Retirement Account (IRA). At the end of 30 years the account balance is $230,000. Assuming monthly compounding, determine the interest rate that the IRA paid out..
Explain carefully why interest rates on each of the following short-term financial instruments will be closely tied to the level federal funds rate: short-term bank CDs, short-term Treasury bills, short-term commercial paper.
Draw indifference curves to represent following types of customer preferences. Marie likes milk, but neither likes nor dislikes coffee. Marie likes coffee with milk but she always wants 1 cup of coffee with half a cup of milk.
Choose a firm that you believe is a monopoly and describe the specific market conditions that lead you to conclude that it is. Does the firm's monopolistic status automatically make it harmful to the economy or the public?
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