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A firm produces batteries that have a lifetime which is normally distributed with a mean of 360 minutes and a standard deviation of 30 minutes. The firm needs to keep an eye on the production process to ensure that everything is working properly and that batteries are not being produced that do not meet the advertised standard. This is done by calculating the mean of the sample. To do this they regularly select a sample of 36 batteries in order to test the process.
q. assume you have been hired as a managing consultant by a company to offer some advice that will help it make a
Draw a graph of money market equilibrium. Is the real or nominal interest rate on the axis? Explain why. Let’s say the Fed wants to lower the nominal interest rate. Use your graph to show how they do this. Explain. c. Define monetary neutrality. Expl..
Keynesian economists think that _________the key determinant of consumption and spending. Classical economists think that the higher the_______ , the more people will save, which means that they will consume less. A person's _______about how much inc..
q.investment and monetary policya the economist on the 7th may 2011 printed the followingas vietnams government appears
Cost-push inflation can be called
The US government decides to introduce a tax on a given market to increase government revenues that can be used to finance the provision of public goods. What are the consequences of introducing a tax on a labour market and on a product market? Why d..
Torts- people suing people, businesses, and goverment for all types of things. Some argue that today, it is an epidemic and needs to be reformed. Others say no- that tort law is there to protect our personal interests. Pick one side and argue your po..
A decrease in the wage rate
Consider Bertrand competition but with differentiated products. The products are Mishka’s coffee and Temple coffee. The demand for Mishka’s coffee is given by qM = 12 − 2pM + pT where pM is the own price of coffee and pT is Temple’s price of coffee.
People are lured by the idea of 50 mile per gallon vehicles which still perform well also are willing to pay the high prices to get one.
What are some of the unintended consequences of efforts to regulate the illicit global economy? How can states more effectively reduce the negative consequences of black markets?
In the 1980's land prices in Japan surged upward in a "speculative bubble." Then land prices fell for 11 sytaright years between 1990 and 2001. What can we safely assume happened to land rent in Japan over those 11 years? Use graphical analysis to il..
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