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Assume that the distribution of starting salaries for newly qualified CA's is approxi- mately normal with has a std deviation of $2,500. We have a random sample of 16 CA's.
a) Find the probability that the std error (sample std deviation) > $3000.
b) Find out the probability that the std error (sample std deviation) < $1500.
What would be ultimate impact on the equilibrium price also quantity in the market for oak tables if the price of maple tables.
Illustrate what is the level of consumption at the equilibrium level of income.
If labor productivity grew at the rate of 1.4% per year Illustrate what would average hourly compensation be in the year.
What can you say about the price elasticity of demand for DVD players. What will this price reduction necessarily lead to an increase in profits for DVD player manufacturers.
Elucidate the effect of capital formation by compering the production possibility curve,at the present time and ten years in future, for two economies,one with a high and the other with a low rate of capital formation
Suppose the USA and Canada are considering to trade. Assume there are only two goods in the economy: wheat and corn. The table below illustrates what each nation can produce in a given year.
Bob consumes two commodities: x and y. For what values of py will Bob buy y, and for what values of py will Bob buy only x?
Elucidate in detail how banks operate. Include a description of how banks generate profits.
when buying a car the seller suspects you have an ELASTIC demand
Compute accounting profit. What are the opportunity costs for the manager of being in this business relative to returning to his old job. Illustrate what is the economic profit of the business.
Describe absolute and comparative advantage. Explain the influences affecting foreign exchange rates.
Suppose you read in the newspaper that all last week the Fed conducted purchases in open market, and that on Tuesday of last week it lowered the discount rate.
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