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Two procedures for sintering copper are to be compared by testing each procedure on six different types of powder. The measurement of interest is the porosity (volume percentage due to voids) of each test specimen. The results of the tests are as shown in the accompanying table.
Is there sufficient evidence to claim that procedure II produces higher mean porosity values? Give bounds for the p-value. What would you conclude at the α=.05 level?
What is the resrvation wage? "other things being equal, one' reservation wage increase as larger amounts of nonlabor income are realized" Do you agree? Explain. Redraw the indifference curves of Figure 2.8 to demonstrate that anything that lowers (ra..
Management and a labor union are bargaining over how much of a $50 surplus to give to the union. The $50 is divisible up to one cent. The players have one-shot to reach an agreement. Management has the ability to announce what it wants first, and the..
Write a short history about the company, major products, and location - determine the factors that will influence demand for their products.
Will fields with both oil and gas have greater difficulties in unitization, than the fields with oil or gas alone? Explain.
Identify one real-life example of a market structure in your local city and relate your example to each of the characteristics of the market - Describe how high entry barriers into a market will influence long-run profitability of the firms.
Derive GGC's marginal revenue (MR) and marginal cost (MC) curves in each market. Show graphically GGC's demand, MR, and MC curves for each market. Derive algebraically the quantities that should be produced and sold, and the prices that should be c..
Why should this employee probably choose to tell only some of the other firms rather than all of them and what factors will determine the best number of firms to sell the secret to?
Forward commitment by the Fed has which of the following impacts? Forward commitment creates moral hazard in lending, as banks know that the Fed will continue to pump reserves into the system. Forward commitment encourages lending because banks do no..
The inverse market demand curve for paper is given by P=400-2Q. There are two firms who produce fax paper. Each firm has unit cost of production equal to c=40, and they compete in the market quan-tities. That is, they can choose any quantity t..
Determine the capitalized cost of $1,000,000 at time 0, $125,000 in years 1 through 10, and $200,000 per year from year 11 on. Use an interest rate of 10% per year. Show the standard notation, interest factor formula and solution
Analyze how production and cost functions in the short run and long run affect the strategy of individual firms.
How did top management balance the employee mix between commercial and creative skillsets (creative managers and commercialized designers)?
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