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Give an example of useful Chi-Square Goodness-of-Fit Test. What problems might there be in getting the data for the test? How would you deal with the problems?
400 Words........
All stratified societies have groups of individuals that do not produce, but still receive a ‘cut’ of the social surplus. How does Diamond argue that these ‘privileged’ individuals manage to convince productive members of society to give them some of..
Recent changes in corporate governance driven by Sarbanes-Oxley legislation and new regulations promulgated by t the SEC. What is the intended impact on corporate behavior and ethics and what are the prospects for success?
What is brand loyalty? Name three products each for which you have (a) high brand loyalty and (b) low brand loyalty and explain why for each of the six products.
If the price of 35 inch HDTVs declines by 20% and the total revenue from the sale of 35 inch HDTVs rises, what can you say about the price elasticity of demand for 35 inch HDTVs? Will this price reduction necessarily lead to an increase in profits fo..
The following figure shows the short-run cost curves for a perfectly competitive firm - What is the shutdown price for the firm? At what price would the firm just make normal profits? What area would represent total fixed cost at this price
Is it fair to miscommunication to the customer in this way? Are we being accurate, unambiguous, and clear? What’s the harm if the customer opens all the accounts?
Suppose the President gets Congress to pass legislation that encourages investment in research and the development of new technologies. Assuming this policy leads to a positive productivity change for the U.S. economy, use aggregate demand and supply..
Why does inflation affect increase in Social Security and or profits. Is this effect a cost of inflation, as article suggests. Why or why not.
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram ( IT is Microeconomic question)
Predatory pricing is easy to prove in court. Learning curve effects may enable an incumbent to produce at a lower cost than a potential entrant. A firm can benefit from strategies that raise the marginal costs of its rivals.
You put $20,000 on deposit on your 30th birthday at 5% compounded annually. On your 40th birthday, the account begins earning 6%. Then on your 50th birthday, it begins earning 7%. You plan to withdraw equal annual amounts on your 61st, 62nd, . . . , ..
The inverse demand in a Cournot dupoly is P=a-b(Q1+Q2) and costs are c1(Q1)=c1Q1,and C2(Q2)=c2Q2. The government has imposed a per unit tax of $t on each unit sold by each firm. The tax revue is ?
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