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Fairfield Homes is developing two parcels near Pigeon Fork, Tennessee. In order to test different advertising approaches, it uses different media to reach potential buyers. The mean annual family income for 15 people making inquiries at the first development is $150,000, with a standard deviation of $40,000. A corresponding sample of 25 people at the second development had a mean of $180,000, with a standard deviation of $30,000. Assume the population standard deviations are the same. At the .05 significance level, can Fairfield conclude that the population means are different?
Using the methodology illustrated in Table 4.3 and your knowledge as an automobile owner, prepare a competitive strength assessment for Ford, BM, Chrysler, Toyota and Hyundai. What does your competitive strength assessment disclose about the overall ..
Your wealthy professor would like to live in a golfing community. A house is for sale in Greenbryer. The purchase price is $899,900. Assume that your professor is willing to pay the full asking price. The bank loves to make loans to professors and ha..
Provided Ajax's pricing strategy, illustrate what is marginal revenue function for Ajax.Compute profit-maximizing level of output for Ajax.
Economists have devoted a lot of effort to estimating the natural rate of unemployment in particular countries at particular times. Is this a useless academic exercise, or are there good reasons to want to know this number? Explain.
Explain the possible problems for consumers of each of the following ways of dealing with a natural monopoly: Why do most economists argue that the money raised by selling off state-owned firms is not an especially good argument for selling them? Wha..
List three reasons a company may choose to have annual board self-evaluations to ensure that executives follow all applicable policies. How the New York Stock Exchange guidelines for independence affect corporate governance. What would the benefits a..
If he needs 80 percent of his income to maintain his standard of living upon retirement, how much annual income will he need from his employer's plan and from his own planning when he retires?
You observe the following facts about a fictional economy: The capitaloutput ratio is 3. The country uses 15% of GDP to replace depreciated capital. The average growth rate of the economy is 2.5 percent. What is the rate of depreciation in this econo..
Suppose you have the choice of investing in (A) a zero-coupon bond, which costs $500 today, pays no coupon during its life, compounds semi-annually, and then pays $1,000 after 10 years, or (B) a bond which costs $750 today, pays $25 in interest semi ..
A monopolist faces the inverse demand curve P = 22 ? Q/(100z), where z is an index of quality. The monopolist incurs a cost per unit of c = 2 + z^(2). (a) How do increases in product quality z affect demand?
What is the effect of a decrease in wealth on the IS-LM-FE graphical model, as well as what it would do to the original real wage rate, employment, output, real interest rate, , consumption, private saving, investment, and price level in short run eq..
Suppose an imaginary economy is represented by the following equations: Calculate the income- expenditure equilibrium level GDP. Suppose the level of planned investment spending (Iplanned) drops by $50 . What will the new equilibrium GDP be?
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