Q1. Calculate arc elasticity at the interval between P = 5 also P = 6.

Q2. Contraction GAP, Illustrate what does a Contraction Gap imply about the actual rate of unemployment relative to the natural rate? Illustrate what does it imply about the actual price level relative to the expected price level? Illustrate what most happen to real also nominal wages in order close a contraction gap?

Q3. Suppose which in Ireland total annual output is worth $600 million also people work 30 million hours. In Canada total annual output is worth $800 million also people work 50 million hours. Productivity is higher

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Poisson distribution with parameter : Let X 1 , X 2 , X 3 , X 4 be a random sample from a Poisson distribution with parameter λ and let Y = X 1 + X 2 + X 3 + X 4 . You decide to test λ = 1.60 versus λ |

Creating raw score predictions on criterion variable : Create raw score predictions on criterion variable for persons with Z scores on predictor value of -2,-1,0,+1,+2. |

What are his weight and mass on earth : As part of a safety investigation, two 1200 {rm kg} cars traveling at 24 {rm m/s} are crashed into different barriers. Find the average forces exerted on (a) car that hits a line of water barrels and takes 1.80 {rm s} to stop, and (b) car that hits a.. |

Net income for financial statement : Evaluation of owners equity and net income for financial statement - Show the effect of this entry on current-year net income and the balance in the owners' equity account at year-end |

Actual rate of unemployment relative to the natural rate : Contraction GAP, Illustrate what does a Contraction Gap imply about the actual rate of unemployment relative to the natural rate. |

Hypothesis testing for single mean and confidence interval : Construct a 99% confident interval for the standard deviation of the amount of vitamin B6 per pill. |

What is the magnitude of the force on the wheaties box : A 5.20 g pop up toy is compressed 1.50 cm and pops up to the height of 50 cm the spring constant is 270 Nm. What is the loss of energy. |

Finding evidence using six-step critical value approach : Using six-step critical value approach, at the 0.05 level of significance, is there evidence that population mean delivery time has been increased below previous population mean value of 25 minutes? |

Computation percent of the quota of sales : Computation percent of the quota of sales and raking on profitability and Import the Sale Rep List.csv into a worksheet |

## Economics assignmentThis document contains various important questions and their appropriate answers in the subject field of Economics. |

## Demand and supply curvesEconomics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends. |

## Long-run perfectly competitive equilibrium for the firmEvaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c.. |

## Supply and demand diagramsExplain each of the following using supply and demand diagrams, With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes. |

## Case study: fisher-price toysThe case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School. |

## Draw the production possibility curveDraw the production possibility curve and a. Define consumer surplus and producer surplus. |

## Tax revenueThe Australian government administers two programs that affect the market for cigarettes |

## Difference between the cv and the evThe change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled |

## Depict von neumann-morgenstern utility index u in a diagramDepict the von Neumann-Morgenstern utility index u in a diagram |

## What is the market solutionWhat is the market solution (market price and quantity) and What is the total surplus of the society under the market solution |

## Calculate gross national product and net national productCalculate gross national product and net national product |

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