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The manager of a branch of a lical bank wanted to estimate the averageamount held in savings account by depositors at the bank. A random sample of 25 selected and the sample mean was$4,750 and a standard deviation of $1,200. Construct and explain a 95% confidence interval estimate of the population mean.
Consider a market with a demand curve of P=10-Q and a supply curve of P=Q. Before the imposition of a tax, equilibrium quantity is 5, and equilibrium price is $5 (verify this). If a tax of $5 per unit is placed on this market, quantity traded falls t..
There are three ice cream vendors who are deciding where to locate on a beach. The only decision that they have to make is where to locate the store that they have to run. There are 10 positions available on the beach and costumers are uniformly dist..
If demand falls, what should happen to a monopolist's price, output, and economic profit? (Ensure question is answered completely). What is outsourcing? Describe (3) advantages and (1) disadvantage a firm has when they use this strategy.
Suppose a candidate who runs on a platform of soak the rich wins the 2012 presidential election. After being elected, he or she persuades Congress to raise the top marginal tax rate on the federal personal income tax to 65%. Use one graph to show the..
Using lists (bullets and numbers) in documents
Is it reasonable from an economist's viewpoint to minimize the role of the government in accordance with Nozick's moral argument.
Sometimes managers do not have strong incentives to maximize the firm value. At the same time development of the control systems can be both difficult and expensive.
Describe how the activities influenced your awareness and understanding of the interrelationship between business and society and describe how the readings and journalling activities influenced your views on workplace ethics and corporate social re..
When calculating the total social marginal benefit of providing an additional unit of a pure public good, why is correct to simply add up the marginal benefit to each household of that public good?
ON a graph that has risk probability on the vertical axis and fullness of insurance on the horizontal access (on the origin, person is uninsured. As one moves gradually to the right, insurance starts becoming available from small benefits, to better ..
Why do points on a utility possibility curve represent efficient allocations of resources? Why must the utility possibility curve be downward sloping
How could union members' current annual incomes decline on net even if a long-lived strike induces a firm's management to increase the hourly wage rate? Sometimes union memberships coordinate work stoppages when all workers call in sick. From an econ..
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