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A random sample of 64 observations is drawn from a population with a standard deviation of 19. The sample mean was calculated to be 278. What is the width of the 99% confidence interval for the population mean?
Suppose someone is caught committing a crime. Suppose the judge can either given the criminal a fine or a jail sentence. The criminal is indifferent between the two punishments. Does each punishment have the same opportunity cost to society?
If a person is selling apples in a perfectly competitive market with a price of $2 per pound, what is total revenue and marginal revenue at the 100th pound.
The recent merger of US Air and American Airlines received both national and local attention. The US Department of Justice contested the merger on the basis it would produce harmful monopoly-like behavior in the airline industry. Develop an argument ..
Suppose that there is a stock market crash in which the market loses twenty percent of its value in one day. Furthermore, assume that the crash leads to further pessimism that the market will crash again. What likely impact will this have on GDP and ..
If 3000 two-bedroom houses are demanded per year, at a price of $500,000 per unit. However, for every $40,000 increase in the price per unit, the quantity of units demanded falls by 200. Find the demand curve. Find the supply curve. Find the approxim..
Inflation impacts the before- and after-tax analysis. In performing analysis, it is important to understand how inflation impacts the world economies. When inflation occurs, we are able not able to buy as much and our future dollars hold less value t..
Suppose you were provided a gift of a gold mine that generates $1,000 of net income every year, indefinitely. And suppose equilibrium rate of interest is 5 percent. Illustrate what is present value of that gold mine.
1. derive the fundamental equation of the solow model2. country a as well as country b both have the production
Assume that consumers are uniformly distributed along a one-mile stretch of beach. A number of ice cream vendors are pondering where to position their carts. If the price they are allowed to charge is fixed by the Equal Access to Coolness For All Coa..
Illustrate what is Nurd's equilibrium level of income. Illustrate what is likely to happen in the coming months if the government takes no action.
A consumer’s income in the current period is y1= 170 and income in the future period is y2 = 150. He pays lump-sum taxes t1 = 20 in the current period and t2 = 7 in the future period. The real interest rate is 10% every period. Determine consumer’s l..
Who are the characters Assumed to represent. Illustrate what did they want.
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