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The mean amount of money spent per week on gas by a sample of 25 drivers was found to be $57.00 with a standard deviation of 2.36. Calculate the margin of error for a 90% confidence interval. Assume the distribution is normal.
Discuss why workers join unions? What implications would this have for the organization that wishes to remain non-union? Would you join a union? Why or why not?
Movie theaters charge differing prices to adults, children, and students; additionally, most theaters charge lower prices for afternoon showings.
Assume the frequent flyer program has raised the cost of high-yield spill two fold since trade clients who are denied boarding now take their trade
Compute the price elasticity of demand for good X between the two prices on the demand curve. Describe the price elasticity of demand for good X.
Compared to an income tax, does an inflation tax place a greater or lesser burden on the poor? Please explain your answer.
Why do firms typically borrow less than half of their capital, i.e., what are the negatives of debt financing?
Distinguish between the concept of actual unemployment and natural rate of unemployment (NAIRU: Non-accelerating inflation rate of unemployment) with examples.
For each of the following characteristics, say whether it describes a perfectly competitive firm, a monopolistically competitive firm, both, or neither. sells a product differentiated from that of its competitors. has marginal revenue less than price
Walmart has become a dominant retailer in the American marketplace, accounting for over 30 percent of the total sales of some products. Is this a good thing for consumers?
Problem 1: David has $50 to spend on chocolate (X) and ice cream (Y). The price of chocolate, PX, is $5, and the price of ice cream, PY, is $8. His utility function for chocolate and ice cream is given by U = 2X1/4Y1/5.
Higher unemployment caused by the recession and higher gasoline prices have contributed to a substantial reduction during 2008 in the number of vehicles on roads, bridges, and in tunnels. If the marginal cost of letting another vehicle cross a bridge..
q1. assume the price elasticity of demand for heating oil is 0.7 in the long run also 0.2 in the short run. if price
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