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1. Show that if Y1 has a chi-square distribution with v1 degrees of freedom and Y2 has a chi-square distribution with v2 degrees of freedom, then U = Y1 +Y2 has a chi-square distribution with v1 +v2 degrees of freedom, provided that Y1 and Y2 are independent.
Define a normal profit and an economic profit. Are normal profits being earned in this example? Are economic profits present for this firm in this example?
Carefully describe what will happen as we move from short run to a long run equilibrium in a monopolistically competitive industry if companies are making a positive profit in the short run.
1.What are the advantages and disadvantages of speculation from the point of view of
1.Make out a case from a deep green perspective for rejecting the social efficiency approach to the environment.
Suppose that the risk free rate is 8 percent and the expected rate of return on the market is 18 percent.
1.In what way will the nature of aggregate supply influence the effect of a change in aggregate demand on prices and real national income?
What organizational changes do you think J&J should consider given the change in the environment? Explain. Draw a new organizational chart for J&J's international operations (based on your suggestions).
1. What is meant by the terms narrow money and broad money?2. Does broad money fulfill all the functions of money?
What are the three most important ethical principles that you feel organizations should adhere to in terms of their staffing philosophies? Why?
An Appliance Service firm made home calls and repaired ten lawn movers, two refrigerators, and three washers in an 8-hour day with his standard crew of 3 workers.
The Herschel Candy Corporation produces a single product, a chocolate almond bar that sells for $.40 each bar. The variable expenses for each bar total $.25.
What determines the rate of growth in total factor productivity?
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