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In their advertising, a student loan servicing company claims to have a 90% customer satisfaction rate. A government watchdog agency decides to test this claim by surveying 48 of the loan servicing company's customers. In their sample, they find that only 39 of the customers they surveyed describe themselves as satisfied. With approximately what percentage confidence can the government agency reject the student loan servicing company's claim of 90% customer satisfaction?
q1. jerry drives up to a gas station. before looking at the price he places an order and says id like 10 of gas. what
Suppose an individual consumers two goods, with utility function U (x1, x2) = x1 + 6sqrt(x1x2) + 9x2. Formulate the consumers utility maximization problem when she faces a budget line p1x1 + p2x2 = I. Find the demand functions for goods 1 and 2.
Illustrate what way does investment multiplier defend the policy of public workson the part of the state during business depression.
The long-run cost of gas is 100. The price step size is 1.25. The initial price of gas is two steps below the long-run cost. The well produces 10 units of gas in the first period of drilling and 7 in the second period of drilling. When will the produ..
If the function of total costs of a business comes from: TC(q)= 3q3-54q2+500q+2595
What is the best way to eliminate issues with adverse selection? What makes it the best approach?
Section focuses on opportunity cost and short-run and long-run. Imagine that you are considering the purchase of a car from a dealership in your hometown, but you are not willing to pay the asking price. Present the economic arguments and analysis th..
The article touches on two crucial conditions for a fiscal stimulus to work.
Show, using an AS-AD graph, how government can use accommodating monetary or fiscal policy to return output and unemployment to their long-run values.
Answer the following questions using the cost curves for the price-taking firm shown in the figure below. If price is $3 per unit of output, draw the marginal revenue curve. The manager should produce _____________ units.
Briefly explain why a change in the price of coconuts does not change the demand for coconuts and a change in the supply of coconuts does not affect the demand for coconuts.
What happens to total revenue if the price of sugar rises from $3 to $7 per kilogram.
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