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Q1. Go to the above website, scroll down to Table H2 and select "All Races." Compute the percentage change in the Shares of Household Income of Quintiles between 1968 and 2008.
Q2. Assume a nation picks 1,000 young adults at random to serve in the army. To determine the cost of using these people in the army what information do you need?
For each level of output except zero output, calculate the average variable cost, average total cost and average fixed cost.
The benefit of cutting down a forest is $1 million now. the environmental cost of that harvest is $10/year forever.
What is the most that Jo should be willing to pay the consultant for the information.
Caught up in broad social and economic disaster that swept the Mediterranean basin during the twelfth century BCE, what seems to have happened to the civilization of people.
Budget line showing the various combinations of scores on the two exams that she can achieve with a total of 400 minutes of studying.
What would be the new equilibrium in this economy if Investment increased by $12.
Using the calculations from part a, and the methods described in class, calculate a 99% confidence interval for the population mean forecast, where the population 3 would consist of all economists.
Explain how it is possible for one of two people in a two-good economy to have an absolute advantage in producing both goods, but trade can still benefit both people.
The firm's average variable costs and average fixed costs per month are R200-00 and R500-00, respectively.
A county is considering using a piece of park land for one of two alternative recreation projects.
The banking system is a fractional reserve banking system with a desired reserve deposit ratio. Banking system is a fractional reserve banking system.
A business cycle fact is that real wages are pro-cyclical. Using the classical labour market as we have all semester, show and explain how the classical economists explained this business cycle fact.
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