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The dean of business would like to estimate the porprtion of students who have access to a personal computer outside the school. a sample of 150 students revealed that 105 had access to a computer outside school. Compute and explain a90% confidence interval estimate of the porpotion of all students having access to a computed.
What are the equilibrium price and quality? What is the market outcome if the price is $2.75? What do expect to happen? Why? What is the market outcome if the price is $4.25? What do expect to happen? Why? What are the equilibrium price and quality i..
Suppose the employees of Starbucks in China are paid 8 yuan per hour and a cup of coffee is priced at 8 Yuan. If Starbucks is maximising its profit, What is the value of marginal product of labour (VMPL) per hour of the last worker employed by Starbu..
What is the future worth of a series of equal quarterly payments of $14,000 if the series extends for six years at APR=6%.... show all your work
Standing for "free soil" and "free labor," the Republican Party was able to appeal to northern farmers and native-born workers, but at the price of alienating many northern manufacturers. Is this True or False?
What are the different types of unemployment and how are they related to the condition of the economy during a given period? Is it possible for the number of employed workers to increase while the unemployment rate rises? Explain??
The type of planning conducted on a long-range basis by top managers is usually called
Thomas has income of $1500 today and $1000 tomorrow. He can lend and borrow at an interest rate of 10%. There is 10% inhalation. His preferences for inter temporal consumption are represented by the following utility function U (c1 ; c2 ) = c1 + c2 ...
there are 100 producers of toasters. half of the producers are low quality i.e. their products will break with
What is the present value of a continuous revenue flow lasting for 6 years at the constant rate of $2,000 per year and discounted at a discount rate of 6%?
By using an AD-AS model (Keynesian), what are the effects of a recession (which was caused by a decrease in aggregate demand). Assume economy started at general equilibrium. Label your graph. What two options would you have as the chairman of the Fed..
Why do brides spend so much money on wedding dresses, whereas grooms often rent cheap tuxedos, even though grooms could potentially wear their tuxedos on many other occasions and brides will never wear their dresses again?
Suppose Chen has demand Q = 40 – 2P for streetlights and Abby has the demand Q = 10 – (1/2)P for streetlights. The cost of building each streetlight is $19. How many streetlights are socially optimal? How many streetlights would be privately purchase..
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