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1. To get the best deal on a CD player, Tom called eight appliance stores and asked the cost of a specific model. The prices he was quoted are listed below
$ 218 $ 125 $ 381 $ 187 $ 231 $ 213 $ 309 $ 230
Find the Standard deviation
2. When investigating times required for drive-through service, the following results (in seconds) were obtained. Find the range, variance, and standard deviation for each of the two samples, then compare the two sets of results. Wendy's 110 113 133 198 124 120 154 110 McDonald's 105 116 131 176 118 110 135 137
A firm produces 10 units per week at a price of $500 each. With AFC of $100 and AVC $350 per unit, the firm is earning economic profits of $500 per week.
what is the costbenefit approach that a typical economist takes to analyze regulations? what are the goals of taxation?
which will cause a larger short run increase in prices an anticipated or unanticipated increase in aggregate demand?
bridget has a limited income and consumes only wine and cheese her current consumption choice is four bottles of wine
expectations on how rivals will respond are important considerations when a firm decides to change the price it charges its customers, no firm controls more than a 10% share of the market
In Tobin s analysis of the speculative demand for money, people will hold both money and bonds, even if bonds are expected to earn a positive return. Is this statement true, false, or uncertain? Explain your answer.
Do you think the demand for mangoes is price elastic or price inelastic? Explain your answer based on the determinants of price elasticity of demand.
Politicians who support the green movement often argue that it is profitable for firms to pursue a strategy that is "environmentally friendly" (for example, by building factories that do not pollute and are not noisy), because workers will be will..
Suppose a drug developer just received a patent on a new chemical compound, which could be used in developing a new drug to control cholesterol. The developer knows (with certainty) that it could successfully develop the compound into a safe
explain the price elasticity of demand in each market structure and its effect on pricing of its products in each
In the 1970s, the United States experienced periods of severe gasoline shortages due to OPEC policy and unrest in the Middle East. The price of gasoline increased as a result of these shortages.
A firm has a total cost function 3y^3-42y^2+200y+800Find the profit of the firm if output is zero and the profit maximizing quantity of output and profitin the short run for the firm if the price is 260.
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