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1. Refer to Exercise 1. The vendor begins using heavier packaging, which increases the weight of each pack- age by 50 g.
a. How does this affect the mean weight of the packages?
b. How does this affect the standard deviation of the weights?
2. True or false: For any list of numbers, half of them will be below the mean.
3. Is the sample mean always the most frequently occur- ring value? If so, explain why. If not, give an example.
4. Is the sample mean always equal to one of the values in the sample? If so, explain why. If not, give an example.
The oligopoly firms have contant marginal costs at MC = 40 Calculate the upper and lower limits within which marginal cost may vary without affecting the profit maximizing outpt or the price.
Accounting for Economic Growth, ECON 311 Assignment 3, Calculate the growth rates of real GDP per worker and capital per worker for each time period. What is the average growth rate and standard deviation for both?
Consider the production of Good X. Good X is produced using only labor, which can be supplied by either humans or robots, with the production function given by X=f(H,R)=H + R. Humans and robots are perfect substitutes for each other.
Assume that Graeter's wanted to enter the international market. What would be the fastest,easiest, and safest way for them to do so? Explain why you selected this method.
Full-employment level of real output is $250 and the initially the price level is 100. Use the short-run aggregate supply schedules above to answer the questions that follow a)What will be the level of real output in the short run if the price leve..
Suppose this the demand for water balloons fit the function D(P, Ps)=.2P^(-.5)Ps^(-.2) where P is the price of water balloons and Ps is the price of super soakers (an advanced squirt gun technology). Based upon this demand curve, are super soakers..
How can international trade take place according to the technological gap model? What criticisms are leveled against this model? What does the product cycle model postulate?
what will happen to equilibrium quantity od peanut butter traded in the market after the 30% increase in the price of peanut butter? stay the same, increase, decrease, or not enough information to tell what will be the expected change in the quant..
Construct a variation of this model along the lines of the semi-endogenous growth models of Section 13.3 in Chapter 13, where the strong scale effect is removed and there is long-run growth at a constant rate (when population grows at the rate n >..
supply qs600100pdemand qd1200-200pwhere qs is the supply of packs of cigarattes and qd is the demand for packs of
In 1984, Walt Disney brought in Michael Eisner, a Paramount executive as CEO. The firm's board of directors agreed to pay Eisner a salary of $750,000 plus a $750,000 bonus for signing on, plus an annual bonus equal to 2 percent of ..
For which of the problems listed in (a) through (c) would you want to use real payments and real interest rates, and for which would you want to use nominal payments and nominal interest rates to compute the expected present discounted value? In e..
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