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A survey of 965 voters in one state reveals that 408 favor approval of an issue before the legislature. Construct the 90% confidence interval for the true proportion of all voters in the state who favor approval.
Suppose the cross elasticity of demand for products A and B is +3.6 and for products C and D is -5.4. What can you conclude about how products A and B are related? Products C and D?
a. If the required reserve ratio is 0.15, find the bank's required reserves and its excess reserves.
Consider the economic situation of Tatum, a single mother with one daughter, Blaire. Tatum is free to work as many hours as she would like at $10/hr. Additionally, should she qualify, Tatum may also collect welfare benets. What is Tatum's income if s..
Laura (of Luke and Laura’s Itty-Bitty Drink Umbrella Inc.) is trying to decide how many workers to hire. The Itty-Bitty Drink Umbrella production function is given by: Q = 6L^(1/3)K^(1/2). The price of output is p, the wage rate is w, and the rental ..
What is the difference between "diminishing marginal returns" and "diseconomies of scale"?
There exist games with multiple Nash equilibria. All Nash equilibria are based on dominant strategies. No player wants to deviate from a Nash equilibrium. A Nash equilibrium is a mutual best response
If we expect our currency to appreciate with respect to the currency of our Northern neighbor and the interest rates
The primary factors affecting the cost of debt for a firm include: the yield on Treasury securities, the risk premium to cover the expected risk of default, a liquidity premium to reflect investor concerns over the market liquidity of the security..
q.as an analyst at the treasury department you have been asked to predict the behavior of key macroeconomic variables
Explain the difference between a defined benefit pension plan and a defined contribution benefit plan. Next, explain the pros and cons of each.
Does each event change demand, supply, both, or neither? Explain your choice. Does the event increase or decrease demand and/or supply? Explain your answer. How does this change in demand and/or supply affect the equilibrium prices and quantity withi..
Suppose a firm faces the inverse demand curve P = 100 – Q. Marginal cost is constant at $10. Calculate producer surplus and the deadweight loss under monopoly pricing.
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