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Q. a) A statistics practitioner drew a random sample of 400 observations and found that x bar = 700 and s = 100. Approximate population mean with 90% confidence.
b) Repeat part a with a 95% confidence level
Q. if a graph contains two separate demand curves, D1 and D2, marginal revenue curve associated with each one MR1 and MR2, a total marginal revenue curve MRt along with marginal cost. Illustrate what is total amount of output firm should produce?
What is elasticity of demand for hamburgers at equilibrium. What are consumer surplus and producer surplus at equilibrium.
At present, the original manufacturer is deciding either they should continue production of toy truck.
Suppose you were having lunch with your best friend who just enrolled in an economics class. He was complaining about Explain how irrelevant class was, commenting that he saw no useful purpose for economics.
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
Pocoyo bakes cookies also Pato grows vegetables. In which of the subsequent cases is it impossible for both Pocoyo also Pato to benefit from trade.
Assume there are no other countries willing to trade goods, so when there is no trade between these two countries, each country consumes the amount of wheat and clothing it produces.
Why do you think macroeconomists focus on just a few key statistics when trying to understand the health also trajectory of an economy.
Textile Workers of America is planning to strike for higher wages. Management predicts that if strike is successful, cost of labour will increase $100 per day. If strike is successful, how would this affect decision in part a to purchase a textile..
Suppose you have a production technology that can be characterized by a learning curve. Every time you increase production by one unit
Ajax Cleaning Products is a medium-sized firm operating in an industry dominated by one very large firm Tile King.
What would the government likely challenge a merger where a firm with 20% share is attempting to acquire a firm with a 5% share.
What is the relationship between the marginal rate of substitution between leisure as well as labor as well as the marginal product of labor in the RC model.
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