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A manufacturer claimed that at least 20% of the public preferred her product. A sample of 100 persons is taken to check her claim. With α = .05, how small would the sample percentage need to be before the claim could legitimately be refuted? (Notice that this would involve a one-tailed test of the hypothesis.)
under what conditions will an increase in the price of a product lead to a reduction in total spending for that
How is the market price of a good determined? When the market for a product is in equilibrium, how will consumers value an additional unit compared to the opportunity cost of producing that unit? Why is this important?
Unemployment insurance, because it allows people to spend more time searching for a job than they would otherwise be able to, can increase the natural rate of unemployment. Is this something that policymakers should be concerned with
"Keynes argued that wage stickiness was probably a good thing, that wage and price ?exibility could easily be destructive of real economic stability. His reasoning went like this. In a monetary economy, the nominal interest rate cannot be neg..
The budget deficit is of tremendous concern and all law makers agree that some measures should be taken to reduce it. However, The Republicans see the issue as a spending problem, while the Democrats see it as a revenue problem.
Suppose that the firm uses three inputs to produce its output: capital K, labor, L and materials, M. The firm’s production function is given by Q = K^ (1/3) * L ^ (1/3) * M ^ (1/3).
The Florida Game and Fish Commission desires to compare the amounts of residue from three chemicals found in the brain tissue of brown pelicans. Independent random samples of ten pelicans each yielded the accompanying results . Is there evidence ..
Evaluate the future of the competitive environment of air travel. Account for the differences in fortunes between Amazon and W.H. Smith. What are the benefits of physical, online and e-sales to consumers and retailers?
question 1.complete the table below for a feed price of 380 per tonne and a weaner price of 1.10 per kilogram. indicate
Using the basic IS-LM model in the open economy, analyze the effects of tax increases on the equilibrium output (Y), nominal interest rate (i) and the nominal exchange rate (E). Is the effect of higher taxes on output smaller
What are the differences and similarities of the application of organization theory between the U.S. Federal Government and the private corporations pursuing profits?
Supporter of free market systems discuss that free enterprise leads to more efficient production and better response to changing customers preferences.
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