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The criterion of ≥ 1.86 ms to define a positive test is arbitrary. Using different cutoff points to define positivity, obtain the ROC curve for the FAIR test. What is the area under the ROC curve? What does it mean in this context?
if the four-firm concentration ratio of an industry is 75 what does it mean?industry a is composed of five large firms
1. consumer surplus is nota. the value of a good minus the price paid for it summed over the quantity bought.b. greater
A firm with a CD production function Q = 2K 0.5 L0.4 plans to produce 500 units of output per day. Assume the price of labor and capital are w = $50 and r = $100 a day- What is the firm's optimal combination of factors that minimizes its cost
Discuss the criticisms of human capital theory put forward by proponents of screening theory. Discuss the most common indicators of educational performance and their strengths and weaknesses.
describe johnson amp johnson current capital structurehas the capital structure changed significantly over time?is this
Thirty percent of employees at the Conroy Insurance Comapny travel to work on the bus and will arrive at work hours late whenever the bus system fails. a sudden snow storm has shut down all bus service in the city.
Explain very briefly and with a good example, how a seller can determine whether the demand for his or her good is inelastic, elastic, or unit elastic between two prices with suitable examples.
The Teenager Company makes and sells skateboards at an average price of $70 each. During the past year, they sold 4,000 of these skateboards. The company believes that the price elasticity for this product is about -2.5. If it decreases its price to ..
The two primary issues in international commerce are dumping and tariffs. Dumping is the international form of predatory pricing, prohibited by the WTO. Tariffs are taxes on imported goods, effectively increasing the price on these goods.
you observe an olympic athlete in the long-jump. suppose the distance of each jump is a random variable that follows a
With a high and growing US trade deficit, many hope that a depreciation of the dollar would help close the deficit. Explain the logic behind this prediction.
Monetary Transmission Mechanism: According to the Keynesian school, show what happens, step by step, when the Federal Reserve sells US treasury bills to US banks. Quantity Theory of Money: According to the Monetarists and Rational Expectations, expla..
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