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A local brewery produces three premium lagers named Half Pint, XXX, and Dark Night. Of its premium lagers, they bottle 40% Half Pint, 40% XXX, and 20% Dark Night lagers. In a marketing test of a sample of consumers, 42 preferred the Half Pint lager, 27 preferred the XXX lager, and 11 preferred the Dark Night lager. Using a chi-square goodness-of-fit test, decide to retain or reject the null hypothesis that production of the premium lagers matches these consumer preferences using a 0.05 level of significance.
State the value of the test statistic. (Round your answer to two decimal places.)
X=
What does the Coase Theorem say about the two remedies when there are no transaction costs - What is the efficient outcome - for the factory to shut down, to run silently, or to run noisily?
Trade restrictions will stop foreign imports which will increase American employment and protect American jobs
Microsoft has been a giant in the software industry. Can we define Microsoft as a monopoly? Please explain. In addition, whether the Learner Index works well to define the market power for Microsoft in the software industry? Explain your answer.
Conduct research on the current state of Social Security. Your 5 page paper should address the following: Explain the concept of Social Security as originally envisioned by President Roosevelt. Evaluate the viability of Social Security within the nex..
q1. suppose that businesses buy a total of 170 billion of the four resources labor land capital and entrepreneurial
An automobile is purchased in 2016 with $25,000, which is supposed to bring $5,000/year to buyer for the next 5 year. Salvage value of this product is $3,000 at the end of five years useful life. Why in case of BTCF: Market rate = (Inflation free ra..
For which values of A, L,K, a, and b is the Average Product of Labor for this company equal to the Marginal Product of Labor?
At what interest rate would an investor be indifferent between constructing the facility and simply keeping the money?
Instructions: You may select more than one answer. Select the correct answer or answers and click twice to empty the box for the wrong answers. You must click to select or deselect each option in order to receive full credit.
EmKay Fertilizer Company wishes to install a brand new equipment that costs $100,000 and has a life of 4 years. At the end of the 4-year period, it is estimated that it will cost the company $10,000 to dispose of the equipment. If the annual interest..
The Mag Transit owners see the change in profits from the price decrease in May and the projection for June. They decide to go back to a price of $10.00 and have 31,000 deliveries in June. Calculate the Elasticity of Supply. Is it elastic or inelasti..
Does the coffee marketplace meet all six conditions of a perfectly competitive marketplace.
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