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The mean of the number of sales of cars over a 3-month period is $87, and the standard deviation is 5. The mean of the commissions is %5225, and the standard deviation is $773. A. calculate the coefficient of variation. B. compare the variation of the two and give your comments regarding the variation.
Trading partners should specialize production in accordance with comparative advantage, then trade and diversify in consumption because
In economics, what is meant by an Oligopoly? What are some ways to make a distinction between an Oligopolistic Market and a Market identified as having Monopolistic Competition?
The starting salary for a new assistant professor was $35,000 in 2000 and $65,000 in 2015. The value of CPI for 2015 was 164.3 compared to 55.6 in 2000. In which year did a newly hired professor earn more in real the real terms? Show your calculation..
Show that a specific tax of $3.70/unit generates the same revenue as a 20% ad valorem tax
assuming economy is in a long run equilibrium, show fraction of total output earned by labour and fraction of total output earned by capital. Explain why, in long run, firms make zero economic profits in this economy.
assume that the yearly capital cost is 10% of the total investment. Elucidate at what production quantity ?these two investment are opportunities.
A recording company obtains the following information about the demand and production costs of its new.
Adjust the following graph to show the changes in the market between 2001 and 2002.
The determinants of demand and the demand for paperback books. For each of the following, state the determinant of demand that is changed, and explain how the determinant affects the demand for books.
Consider the following investment project with a useful life of 8 years. The marketing department estimates that 10,000 units of the proposed product can be sold per year. Verify that the project is economically attractive (before-tax) at a 12% MARR ..
Elucidate what impact will this change have on the price level, output, and employment in the short run in the United States.
Suppose that an excise tale of $1 is placed on sellers in a market for widgets. Using diagrams indicate whether none, some, or all of the tax is passed on to the consumer in the form of a higher price for each case described below. Demand curve is ho..
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