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1. Assume that demand for services per period is Pt = 1000 - Qt where Qt is the stock of the durable consumed. Let the discount factor for consumers and the firm be given by δ. Find the profit-maximizing prices and outputs for a durable goods monopolist with zero marginal costs when there are two periods for the following:
(a) A monopolist who leases.
(b) A monopolist who sells its output, but is able to commit to prices.
(c) A monopolist sells who its output, but is not able to commit to prices.
(d) What is the impact of a discount factor less than one? Why?
If the market research gave a positive indication the price would be £35,000. If the market research gave a negative indication the price would be only £3,000.
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At the .05 significance level, can we conclude that the mean waiting time is less than 3 minutes?
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Compute a 90% confidence interval for the population mean μ of home run percentages for all professional baseball players.
By using.02 level of significance, carry out a 5-step hypothesis testing procedure to find out if new processes considerably reduced the wait time.
The standard deviation of the expenditure is $3. A simple random sample of 64 students is taken. What are the expected value, standard deviation, and shape of the sampling distribution of the sample mean?
another summary measure is the age-adjusted mean which is an estimate of the mean fvc value in a reference population
In a recent national survey, the mean weekly allowance for a nine-year-old child from his/her parents was reported to be $3.65. A random sample of 45 nine-year-olds in northwestern Ohio revealed the mean allowance to be $3.69 with a standard devia..
1. the amounts a soft drink machine is designed to dispense for each drink are normally distributed with a mean of 11.6
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