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Suppose we have a data set with only two observations, y1 and y2. The general formula for the sample average is: sample average=1/2(y1+y2) Suppose y1 and y2 are sampled from the population in such a way so that they are correlated with each other. in particular, suppose that cov(y1,y2)= \(\gamma\) and does not equal zero. does this change wheter or not the sample average is unbiased. why or why not?
Illustrtae what are the total fixed costs - total variable costs, and total cost of the lab given its current capacity.
As the research begins to come in about your expansion opportunities abroad, the marketing department has discovered that the price elasticity
The Present Worth (PW) of the cost (- Installed cost and operating cost + Salvage value) of Westinghome is most nearly
Assume that you have drawn a total product curve for labor given a specific technology. Now let some sort of technological change increase the productivity of labor.
A monopolist currently charges $50 a unit for the 100,000 units of product it produces and sells every month. An economic analysis has shown that,
James Pizzo is president of a company that is price leader in the industry; that is, it sets the price and the other firms sell all they want at that price.
Make the adjusting entry for manufacturing overhead also suppose the balance is allocated completely to Cost of Goods Sold.
Demonstrate each of the following events by a production possibility frontier graph, and examine what the effects of it were on economic growth;
Illustrate what would you expect to happen to the total expenditures on good X.
What are commodity money, commodity backed money and fiat money? What are the positives and negatives of each type of money.
Do a market analysis for the product. Each group may carry out some desk research and fieldwork and do a write up on the following details of a product your group have chosen.
Production of each unit of output Q leads to a marginal external cost of $50, caused by pollutants emitted by the production of Q. If we add this marginal external cost to the market information, the equation for the social-cost supply curve is gi..
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