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A professor's rule of thumb is that students should spend 2 hours studying for each 1 hour spent in class. Professor Bob teaches a class that meets 3 hours per week. He randomly selects 8 students and finds that they study the following amounts per week: 1, 2, 4, 4, 6, 6, 8 and 14. Assuming a normal distribution, can the professor conclude with 95% certainty that the students are studying as they should?
In 1971, Congress conducted headings on emergency loan guarantee legislation for Lockheed Corporation, which was in the middle of a severe liquidity crisis due to losses on a number of military contracts.
Describe (in a sentence or two) the short run profit maximization condition when labour is the only variable input?
The market is perfectly competitive with constant input prices, and each company has the same cost structure, described through the following table:
Who benefits from a tariff or quota. Illustrate what are the positives and negatives of protectionist trade policies on the federal government's part. Which policy is best right now.
Illustrate what policy options are available to the government to counter the effect of a sharp fall in real estate values on the economy.
Defines and explains a closed system and provides an example. Defines and explains an open system and provides an example. Explains the inner and outer flows of a closed system. Explains the inner and outer flows of an open system.
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
Elucidate how the multiplier effect would support Keynes explanation alsp explain how economies can fall into recession or depressions.
Elucidate why do you think U.S. investors do not try to capitalize on the high interest rates in Mexico.
Elucidate how an increase in your nominal income and a decrease in your real income might occur simultaneously.
Two identical firms face linear demand. Market demand is given by P=30-Q.Solve for Stakelberg equilibrium prices and outputs.
Elucidate the historical relationship between unemployment and inflation.
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