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The average and standard deviation of the amount of Goods and Services tax remitted by performance artists in a twelve month period were $7.76 thousand and $2.171 thousand respectively. If a sample of 87 artists was chosen, find the sample average value above which only 5% of sample averages would lie. Give your answer in dollars (to the nearest dollar).
Suppose the money supply grew at an average annual rate of 8%, velocity was constant, the nominal interest rate averaged 9%, and output grew
Can you identify the good or service, is it the demand side or supply side. Incorporate the elasticities of demand and supply. States Medicare will save over 600billion in 10 years for physicians payment rates changes calls for 30% cut in rates and e..
The new entrant decides to match the existing firms advertising expenses but only sells 20 000 units of output.
Congress shall not levy taxes or impose quotas on either imports or exports: Analyze and discuss how you think it would work. Provide a Biblical analysis as well. Back up your answers/remarks with quotations from your text, other written sources, ..
You are required to carry out an economic analysis of an industry of your choice. Examples of appropriate industries include: automobile manufacturing, index fund management, cigarettes, supermarkets and mobile phone networks.
Suppose production price is 20. The firm views that price as beyond its control.
Consider we wanted to know how many trips versus dinners out you could purchase. If you were told that X = number of trips and Y = the number of dinners out and you were given the following budget information; What is the meaning of the slope of the..
The Wall Street Journal or Barron's, find the bond yields for Treasury securities with the following maturities: three months, six months
Your job is to find out as much as possible about how (or could) Disney or other theme park’s prices their theme park tickets, options and discounts, i.e., what pricing models do they use? (Timesaver: Disney is not going to tell you.) How does Disney..
Suppose there are two types of potential borrowers. Half are Type A borrowers who have projects that require an investment of 1 unit. They have equal probability of returning 3 or 0 gross in one year. First, find the equilibrium interest rates on the..
Consider the following statement. "Winter ice storms that sometimes hit Chicago are good for the economy. They create many jobs to remove downed limbs and replace trees and bushes." Do you agree that ice storms are a net benefit to the economy? To an..
If the Treasury has just paid for a supercomputer and as a result its deposits with the Fed fall, illustrate what defensive open market operations will the manager of the open market desk undertake.
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