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In a certain city, a school administrator hypothesized that students enroll in school within 5 km from their homes. To check this claim you asked 30 student from the said city and you found that the mean distance between their schools and homes is 5.3 km with standard deviation of 0.2 km. Is the true mean greater than the hypothesized mean? Use α = 0.05.
You operate your own business selling university t-shirts. The demand schedule for your t-shirts is as follows: P = 25 - 0.5Q. Graph and label the demand curve for your t-shirts. Calculate the price elasticity of demand when price equals $10. In what..
You buy a bond for $1118 that pays $20 interest every 6 months. It will reach maturity in 9 years at which time it will return its face value of $1000 plus the final $20 interest payment. What is the pre-tax annual rate of return on this bond?
Why does the aggregate demand (AD) curve slope downward? What could cause the AD curve to shift to the right? What impact would a rightward shift of the AD curve have on the economy?
Write a proposal letter of 1–2 pages to a respected community figure asking him or her to deliver a lecture and dinner speech at your annual festival. Follow the proposal letter guidelines explained in your assigned readings for this unit.
Explain the Public Policy Lifecycle utilizing a public policy Discuss how the importance of developing a viable Policy Adoption and what policy makers need to consider when adopting new or amending existing policies.
An engineer invested $10,000 in the stock market. For the first six years, the average return was 8% annually. For the next four years, the return as 4% annually. What is the value of the account after 10 years? What is the effective annual rate of r..
Do you vote? Why or why not? What does the probability of decisiveness suggest you should do? What are the inefficiencies (social waste) associated with government granted monopolies?
Find the equations for: Marginal Cost, Marginal Revenue, Average Total Cost. Now carefully graph them, along with the demand curve on the same graph. What is the optimal price and quantity if the firm can only set one price for all units?
The special demand structure that induces a firm to use a cross-subsidization strategy is:
Write down the national account identify for a closed economy. Then, show the identity between national savings (i.e. the sum of private savings and government savings) and investment. You must show all of the steps.
Juan Garza invested $114,000 10 years ago at 8 percent, compounded quarterly. How much has he accumulated? Use Appendix A for an approximate answer but calculate your final answer using the formula and financial calculator methods.
Suppose that the current exchange rate between the dollar and the euro is € 0.75 = $ 1. If the exchange rate changes to € 0.80
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