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Many schools require that applicants take a standardized test such as the Scholastic Aptitude Test (SAT). The math part of this test is scored on a 200-800 scale and in theory, follows a normal distribution with a mean of 500 and a standard deviation of 100 (see below).
Suppose that all applicants to a good business school in suburban Boston score between 600 and 700 (those with scores over 700 go to Bentley J). Graphically, this would be the shaded area seen here:
200 300 400 500 600 700 800
Median score of applicants =
In the text, we considered a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm
What is the difference between a movement along and shift of the demand curve? Show the impact on the equilibrium price and quantity that results from; (1) an increase in demand, (2) an increase in supply, (3) an increase in both supply and demand.
Explain the labor supply incentive effects of an increase in the hourly wage of an individual currently working for wage income.
Historically, young French workers (under age 25) have had relatively high unemployment rates: 21 percent in 2005. In 2006, the French government proposed to allow employers to fire young employees without cause (a labor restriction). How should this..
Recent monetary policy of the United States-Which of the following are factors that contributed to the crisis of 2008? Check all that apply.
In which ways did local communities by developing the vast amount of geographically dispersed hydro-resources in Norway ,contribute to electrifying the nation?
How would the following developments affect aggregate demand and/or aggregate supply? Explain briefly. An increase in business subsidies. More funding for research and development in new technologies.
q.covington corporation purchased a vibratory finishing machine for 20000 in year 0. the useful life of the machine is
Given the data below, use PRESENT WORTH ANALYSIS at a 15% interest rate to decide if method A or method B should be used. Method A: Initial capital cost of $100,000. Operating cost of $20,000 per year. Salvage value after 3 years is $20,000.
Analysis of Pricing: You manage MBA Deli which sells meals at a price of $6 each. The average number of meals sold per month is 7,000. MBA Deli would like to increase its sales and profits. The MBAs running the Deli, know that if price is lowered, th..
Predatory pricing is easy to prove in a court of law. An incumbent firm may experience a learning curve that allows it to produce at a lower cost than a potential entrant. A firm receives no individual benefit from strategies that raise the marginal ..
Calculate the elasticity for each variable at that point and briefly comment on what information this gives you for each variable.
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