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Perform the Test; H0: µ ≥ 22 versus HA: µ < 22, given significance level α =.01, n=100, sample mean X-bar = 21.68 and standard deviation, s =1.3. (show the calculated and critical values of the test statistic)
in a command or planned economy the government not the market regulates the factors of production and economic
Katherine advertises to sell cookies for $4 a dozen. She sells 50 dozen, and decides that she can charge more. She raises the price to $6 a dozen and sells 40 dozen. What is the elasticity of demand?
Suppose also that her utility function is given by the equation u(M, P) = 2M + P. What combination of meat and potatoes should she buy to maximize her utility? (Hint: Meat and potatoes are perfect substitutes.)
1.nbsp you are given the following information about the costs of a perfectly competitive
17. assume a certain firm in a competitive market is producing q 1000 units of output. at q 1000 the firms marginal
Despite the positive correlation coefficient between A and B, the regression of A on B has a negative slope. Could this situation occur? Explain why or why not.
Involving the e-Activity's testimony regarding the FBI's efforts to investigate IP theft, identify two best practices owners / executives can implement to protect against possible IP theft.
A buyer of a product knows that 20 percent of sellers are dishonest and will sell a defective product (if they can get away with it). The seller has to pay $15 to buy the product. One problem for the buyer is that she cannot tell if the product is de..
calculating net asset value. given the information below calculate the net asset value for the boston equity mutual
suppose that national income is initially at its equilibrium level when desired investment falls.we would exceptaa fall
Assume that the market for Mexican pesos begin in equilibrium. Then, the Mexican economy experiences a severe recession. Because of the recession, the Mexican companies lower their prices. As a result of the recession and lower prices in Mexico.
Kate and Alice are small-town ready-mix concrete duopolists. The market demand function is Qd = 20,000-200P where P is the price of a cubic yard of concrete and Qd is the number of cubic yards demanded per year. Marginal cost is $80 per cubic yard..
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