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A random sample of 10 economists produced the following forecasts forpercentage growth in real domestic product in the next year:2.2 2.8 3.0 2.5 2.4 2.6 2.5 2.4 2.7 2.6Use unbiased estimation procedures to nd point estimates for the fol-lowing:(a) The population mean?(b) The population variance?(c) The variance of the sample mean(d) The population proportion of economists predicting growth of at least 2.5% in real gross domestic product(e) The variance of the sample proportion of economists predicting growth of at least 2.5% in real gross domestic production.
The demand curver for your firms product is linear.Based on recent sales data you have determined that at the current price the price elasticty of demand is .80. A. Is the current price on the upper or lower portion of the demand curve
The demand for the firms services has been increasing as more consumers use the service for convenience and due to higher parking rates and gasoline prices, wage rates for drivers increase cost for the firm. Describe the supply and demand shifts t..
What factors led to the mortgage default crisis How did mortgage defaults affect banks involved in mortgage lending and mortgage investing Securitization TARP What do these mean How did mortgage-backed securities spread losses during the mortgage ..
Suppose the production function is given by Q = 5K + 3L. What is the average product of capital when 10 units of capital and 10 units of labor are employed?
ceteris paribus that is all other things equal or assuming no changes to performance in future years and no change in
Give at least two examples of a perfectly competitive market and explain what characteristics led you to that decision. Second, give at least two examples of a monopoly market and explain what characteristics led you to that decision.
Ipads and laptops are substitutes. Use a supply and demand to show what happens to price, quantity, consumer surplus, and producer surplus in the market for laptops (after a technological advance has reduced the cost of making Ipads).
in 1995 mango production in kenya fell by approximately 85 following a flood. the retail price of mangoes rose by a
what effects might a decision by these countries to diversify their interrational reserve holdings have on the dollar and what problems might it create for U.S. monetary policy?
Country B Apples=36 Bananas=15 1. Calculate the pretrade relative price of Apples in terms of Bananas. Relative price of Bananas 2. Which country has a compartive advantage in Apples ANd in Bananas
Last-mile providers often advertise very fast speeds, but users rarely see speeds as high as advertised rates. Search online to find a network speed test and try it from your home, office, mobile device, or dorm. How fast is the network If you're ..
Determine what would be present value of an product that has a salvage value of $25,000 at the end of 5-years? Suppose a discount rate of 3.8 percent for an end of year factor.
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