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If on average, a sample statistic equals a population parameter, then that statistic is considered Select one: a. unbiased b. normal c. standard error d. consistent e. a parameter
An engineer deposits $880 each month into a retirement account. After 30 years, the balance in the account is $1.9 million. Determine the effective annual rate of return for this account.
When politicians using polling data emphasize issues to polls have given more importance than necessary they have fallen
How do the demographic trends of two prominent East Asian countries, China and Japan, compare and contrast? What are some of the impacts of these trends, and what unique challenges does each country face as a result? How has the government for these ..
Using data sources from business publications and the Internet, discuss significant trends in both demand and supply in the copper industry that have influenced the price of copper since September 2011. What are the implications of these trends for m..
Consider a consumer who has preferences defined over commodities x and y. Suppose she is endowed with initial resources ω = (ωx,ωy) » 0 and faces prices p = (px, py). Draw the consumer's budget constraint, explicitly identifying the roles of ω and p...
Suppose there are two goods: fancy dates and casual dates. Ignoring the specific numbers above, draw the utility maximization problem for a person choosing a combination of the two goods. Think both about what your budget constraint should look like ..
If the reserve requirement is 20 percent, and banks keep no excess reserves, an increase in an initial inflow of $100 into the banking system will cause an increase in the money supply of: Suppose that consumer spending is expected to decrease in the..
Explain the viewpoints of classical and Keynesian economists. How did the economy that existed at the time of these theories influence them?
In the short run, at a market price of $15 per shirt, this firm will choose to produce shirts per day. On the previous graph, use the blue rectangle (circle symbols) to shade the area representing the firm's profit or loss if the market price is $1..
Suppose the marginal cost of production for a company is $6 at its current production levels. Suppose the price elasticity of demand is constant at -2 between prices of $10 to $15, if current prices are $10, is the company pricing at the correct opti..
Collusion never results in benefits for the participants. Its overriding goal is to enhance competition and thereby increase profits. Collusion is legal in the U S. The greater the number of firms the less difficult it is to maintain a collusion. Col..
Yearly labor costs of a highway maintenance group are currently $420,000/year. If labor costs increase at a 12% rate and general inflation increases at 9%, determine for each of the next 6 years the labor cost in then-current and constant dollars.
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