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Q. The four major competitors in the computer work-station market are Sun Microsystems (29%), Hewlett-Packard (18.8%), IBM (16%), and Digital Equipment (11.6%) with other manufacturers holding 24.6% of the market. One year later a survey of computer workstations found 97 Sun, 86 HP, 70 IBM, 60 Digital and 82 other. Test at the 2.5% level of significance whether changes have occurred during the 1-year period.
1. State the critical value for the test.2. Find the value of the test statistic (to 3 dec pl).3. Can we conclude that the proportions have changed during the year? (yes/no)
Suppose that the US government determines that cigarette smoking creates social cost not reflected in the current market price an equilibrium quantity of cigarettes.
Elucidate the marginal revenue from the fourth worker
Use the 2007 numbers in the first column to compute, for each of the four countries, the percentage gap between the steady-state ratio.
The cost curves of the firm. In terms of economies of scale, why would a firm sometimes want to expand output and sometimes not want to expand output.
Suppose that the supply curve of healthcare services is perfectly inelastic. Analyze the impact of an increase in consumer.
Their banks are holding back credit so it is harder for businesses to invest and for consumers to spend
Can you find a Nash equilibrium in pure strategies that is not efficient. In some legislatures, proposals for modifications of the law are formulated by committees.
The government budget is balanced, with government purchases and taxes both fixed at $1,000. Net exports are $100.
Given your understanding of bond markets, what signals is the the bond market sending in response to the downgrade. Is this problematic.
the set of efficient trades these individuals would rationally make. One of the points on the set of efficient trades you illustrated in your diagram will be a competitive equilibrium.
The cost leadership approach implicates competing by having a lower cost than one's competitors
The municipal swimming pool charges lower entrance fees to local residents than to non-residents. Conclude that non-residents must have for swimming at the pool than residents.
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