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According to the National Association of Colleges and Employers, the 2013 mean annual salary of business degree graduates in accounting was $54,950. In a follow-up study in June 2014, a sample of 48 graduating accounting majors provided the following salary data. Perform a test of hypothesis at a 5% level of significance to determine whether the sample data supports the conclusion that June 2014 graduates in accounting have a mean salary greater than the 2013 mean annual salary of $54,950.
what would the largest cardholder fee that Tuan will pay. If the rental store has a constant marginal cost of $2, which strategy is more profitable?
A large city in the mid-West needs to acquire a street-cleaning machine to keep its roads looking nice year round. A used cleaning vehicle will cost $85,000 and have a $20,000 market (salvage) value at the end of its five-year life.
Illustrate what assumptions do you make in answering this question. Illustrate what distortions do you think would appear in economy if such a tax were introduced.
Write down the profit maximization problem for the rm.
In the five years ending 2011, Switzerland enjoyed a fiscal surplus that averaged 1.3% of GDP, a trade surplus that averaged 2.6% of GDP, and a government debt to GDP ratio that averaged 40%. Use the appropriate graphs for a small open economy to ill..
Suppose that an economy has the Phillips curve. What is the natural rate of unemployment? Graph the short-run and long-run relationships between inflation and unemployment. How much cyclical unemployment is necessary to reduce inflation by 5 percenta..
Dividends paid last year were $.70. Flotation costs on issuing stock will be 10 percent of market price. Dividends and earnings per share are projected to have an annual growth rate of 15 percent. Illustrate what is cost of internal common equity ..
Suppose you are given the following Total Product Function: Q=100 K^3/2 L^4/2 M^4/7 ,where Q is total output or units produces; K, capital; L, labor; and M, materials.; that is, this is a input factor production function. Find the Average products of..
A bank proudly announces it has switched to continuous compounding on savings accounts and if you now make a deposit of $10,000 the value of your account will double to $20,000 in 10 years. What is the annual effective percent rate?
Manager of a computer company plans to spend on new hardware $3.5 million in the first year with amounts decreasing by $0.2 million each year thereafter. Income of the company is expected to be $8.0 million the first year increasing by $0.3 million e..
What are the equilibrium price and quantity in this market? At the market equilibrium, what is the price elasticity of demand and the income elasticity of demand?
What would be good textbooks at the graduate level that deal with Labor Economics and Labor-Macro (As in, Equilibrium Unemployment Theory, Shimer Puzzle etc)?
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