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1. Many people think that a national lobby's successful fight against gun control legislation is reflecting the will of a minority of Americans. A previous random sample of 4000 citizens yielded 2250 that are in favor of gun control legislation. How many citizens would need to be sampled if a 90% confidence interval was desired to estimate the true proportion to within 5%?
What is the primary use of personality traits?
How many tires should it produce in order to maximize its profits? What's DurableTires' profit in this case? Should the elasticity of demand be greater, equal, or less than 1 at the profit-maximizing price and quantity? Explain
Over the last thirty years the company of Petroleum Exporting Countries has had varied success in forming and maintaining its cartel agreements.
Does this organizational arrangement contradict the basic principle concerning the value of separating decision management and control? Explain.
Assume that everything except cigarette prices remained the same. Calculate the arc price elasticity among teens between these price points.
Suppose that bondholders converted $500 million worth of bonds to equity. How would this affect Loewen's earnings before income taxes as compared with its economic value added?
Does the result represent a prisoner's dilemma situation - determine which proposal will be the final outcome and explain the decision making process briefly in one paragraph.
A company under monopolistic competition faces the demand curve: P = 500 - 12.5Q. The company's marginal cost is MC = 200 + 5Q.
What happens to the standard deviation of the distribution of losses to each individual subsequent to the pooling arrangement?
1. What were the causes of the credit crunch and the banking crisis of 2008?
1.Illustrate on four separate diagrams (as in Figure) the effect of different elasticity's of demand and supply on the incidence of a subsidy.
Locate a news article about an issue that has been addressed in Weeks 1 through 3 (e.g., poverty, pollution, etc.) in order to conduct a meta-analysis of the author's economic perspective of the selected issue.
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