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A small company involved in e-commerce is interested in statistics concerning the use of e-mail. A poll found that 36 percent of a random sample of 1094 adults, who use a computer at their home, work, or school, said that they do not send or receive emails.
Discover the margin of error for this poll if we want 90 percent confidence in our estimate of the percent of Americans adults who do not use email.
suppose that the economy is currently at the full employment position. using the as-ad and is-lm models explain the
Again, assume that prices and wages in the economy adjust quickly so that all the markets in the economy are always in equilibrium. Suppose government expenditure increases. What is the impact of this shock on P (hint. Use the equation you solved ..
Assume you are the owner of a small cafe that employs 15 people, 10 of whom are front-line, unskilled workers, and currently paid the minimum wage. The state government is considering increasing the minimum wage. As a business owner, would you su..
What is the definition of the velocity of money? Use the concept of velocity to explain how a given quantity of money balances can be used to pay for a relatively large volume of consumption expenditure over a year.
write a 700-1000 word paper in which you address the questions below. also do your best to format your work
You're the manager of monopoly that sells the product to two groups of consumers in different parts of country. Group 1's elasticity of demand is -2, while group 2's is -6. your marginal cost of producing the product is $10.
In a practical sense, write your opinions on the effect a rule stating that university students must live in university dormitories would have on the price elasticity of demand for dormitory space.
Pricing and price competition account for the number one problem facing many marketing executives. What are some of the frequent problems that companies encounter?
if elasticity is -2 price is 10 and marginal cost is 8 should you raise or lower price?lower price. since demand
Calculate the change in consumer’s surplus, change in producer’s surplus, tax revenue, and deadweight loss as a result of the policy change. Illustrate them on a graph.
How does the Heckscher-Ohlin theory differ from Ricardian theory in explaining international trade patterns and the theory demonstrates how trade affects the distribution of income within trading partners. Explain.
you are the manager of a firm that receives revenues of 50000 per year from product x and 90000 per year from product
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