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Random sampling, economics, Microeconomics
Random sampling is a technique for sampling which we can select a group of subjects or a sample for study from a larger group or a population. Each entity individually is chosen entirely by chance & each member of the population has a known chance of being involved in the sample.
Posted Date: 2/4/2012 10:14:15 AM | Location : United States
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Change in the price of a related good, Change in the price of a related goo...
Change in the price of a related good: Goods relate to each other in two ways. Goods are either complements or substitutes. Complementary goods are goods with joint demand. The
Half-lives, How many half-lives are required for the concentration of react...
How many half-lives are required for the concentration of reactant to decrease to 1.56% of its original value?
Cross elasticity of demand, an introduction to cross elasticity of demand?
an introduction to cross elasticity of demand?
Non-existence of objective probability distributions, Non-existence of Obje...
Non-existence of Objective Probability Distributions : Let us see why expectations are volatile in nature? According to Keynes (1936, pp. 149): "Our knowledge of the fact
Calculate the percentages changes in the equilibrium, The economy, however,...
The economy, however, is facing inflationary pressures. To deal with the macroeconomic problem, the government uses expansionary fiscal policy to decrease taxes and, as an indirect
Economic value, The monetary calculate of the welfare associated with the c...
The monetary calculate of the welfare associated with the change in the provision of some good. It is not to be confused with monetary value, unless the latter is explicitly desig
Elasticity, Calculate the price elasticity of demand or supply for the foll...
Calculate the price elasticity of demand or supply for the following function when P=8 p=6(I)p=40-0.5q
Baumol theory, appraise baumol`s sales revenue maximazation theory as an al...
appraise baumol`s sales revenue maximazation theory as an alternative of the firm
Production , Suppose that a firm’s production function is given by Q=30L-3L...
Suppose that a firm’s production function is given by Q=30L-3L2, where L is labor input and Q is the output. a) Derive and draw the firm’s demand for labor while the firm’s produ
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