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A survey of a random sample of 1000 smartphone owners found that the mean daily time spent communicating on a smartphone was 131.4 minutes. From previous studies, it is assumed that the population standard deviation is 21.2 minutes. Communicating on a smartphone includes text, email, social media, and phone calls.
Can anyone find the 99% confidence interval for this? Be sure to include your inputs!
The demand for Pepsi is more elastic Than the demand for soda. The effect of taxing demanders are the same as taxing suppliers.
The time spent? (in days) waiting for a heart transplant for people ages? 35-49 can be approximiated by the normal? distribution, as shown in the figure.
q.when money decreases in value because of inflation people tend to place less trust in it as a method of storing value
Consider a market with one large firm and many small firms. The supply curve of the small firms taken together is S(p) = 100 + p. The market demand curve for the product is D(p) = 200 − p. The cost function for the large firm is c(y) = 25y. Suppose t..
Treasury bills are
Define and describe Quid Pro Quo and hostile work environment sexual harassment.
You explain to your friend Haslina, who runs a catering service called "Meals in a Zip," about an economic theory which asserts that consumers will purchase less of a product at higher prices than they will at lower prices. She contends that the theo..
Describe the four types of regional trading agreements discussed in class and show how each type creates a greater and greater level of economic integration.
Given the utility function U= AXaY b subject to the budget constraint PxX +PyY = B, show that at the point of constrained utility maximization the ratio of prices Px / Py must equal the ratio of marginal utilities MUx/MUy.
An unusually cold January in Florida destroyed entire fields of tomatoes. Florida’s growers are shipping only a quarter of their usual 5 million pounds a week. The price has risen from $6.50 for a 25-pound box a year ago to $30 now. - Source: USA Tod..
Suppose China wishes to peg the Chinese Yuan to the US dollar at $0.20/Yuan. But, because of foreign funds flowing into China, the Yuan appreciates. How can the People’s Bank of China (China’s central bank) maintain the pegged exchange rate? Is the B..
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply. As a part of your comparison, indicate which of these theories developed the concept of a Liquidity Trap and what th..
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