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A random sample of teenagers asks how many minutes per day they watch TV. There is a population variance of 625. The null hypothesis you want to test is H0 : µT V < 100 versus the alternative HA : µT V ? 100 for the given sample sizes. Your task is to find the critical values ¯xcrit at the? = .05 level. This means that you will reject your null if your sample mean is greater than ¯xcrit.
a) n=25
b) n=44
Two small airlines provide shuttle service between Las Vegas and Reno. The services are alike in every respect except that Fly Right bought its airplane for $500,000, while Fly by Night rents its plane for $30,000 per year. Analyze fixed costs, Ma..
In the market in which David and Ellen have rent-controlled apartments, Ellen gets an apartment and Charlie does not. In the market with no price controls, the situation is reversed. Charlie gets an apartment and Ellen does not.
No one will buy the good if the price is above $80 and no one will sell the good if the price is below $20. The equilibrium price and quantity if this market is perfectly competitive would be $40 at a quantity of 20.
explain the concept of deadweight loss. as well as answer the questions why does taxing a product lead to deadweight
After robbing a bank bonnie and Clyde are caught by the police and are separately given the choice to be silent or to confess and blame the partner. If both are silent, each gets one year in prison
write a 1050- to 1400 word paper that discusses basic concepts in applied economics in the context of the simulation.
in the context of the shareholder wealth-maximization model of a firm what is the expected impact of each of the
a social welfare functions embody a normative conception of the relative importance of equity and efficiency. with the
1. why does price discrimination result in greater physician incomes than a single price to everyone?2. what are the
Firm Z, operating in a perfectly competitive market, can sell as much or as little as it wants of a good at a price of $16 per unit. Its cost function is C=50+4Q+2Q^2. The associated marginal cost is MC=4+4Q, and the point of minimum average cost ..
Find the equilibrium price and quantity for this market and Draw the budget constraint between "leisure hours" on the horizontal axis and "wage income" on the vertical.
Ethical issues that impact the company's decisions.
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