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The Aluminum Association reports that the average American uses 56.8 pounds of aluminum in a year. A random sample of 52 households is monitored for one year to determine aluminum usage. If the population standard deviation of annual usage is 12.4 pounds, what is the probability that the sample mean will be each of the following? a. More than 59 pounds b. More than 57 pounds c. Between 55 and 58 pounds d. Less than 55 pounds e. Less than 54 pounds Round the values of z to 2 decimal places. Round your answer to 4 decimal places, the tolerance is +/-0.0001. **Round the values of z to 2 decimal places. Round your answer to 4 decimal places.
briefly state the basic characteristics of pure competition pure monopoly monopolistic competition and oligopoly. under
Monetary Contraction Suppose the central bank wants to decrease the price level, but the economy is already at the natural rate of output.
Use the Phillips Curve to describe the tradeoffs between inflation and the unemployment rate, both in the short-run and in the long-run.
Describe the meaning of unit travel
How does and increase in consumers income affect the demandfor mcds big mac hamburgers? if the demand curve shifts, indicate whether it will shift to the right and draw a graph to illustrate the shift. label graph appropriately.
Walmart is vilified by many people as being evil, destroying jobs and cities. Others note that it has the lowest prices and is the largest employer in the country. What is the difference? Is Walmart a monopsonist? Demonstrate how a minimum wag..
The economy is experiencing a contraction (recessionary gap) of $400 billion. What government spending stimulus would you recommend to move the economy back to full employment if the MPC is 0.75? Would your policy be any different if the MPC were ..
Has the Fed saved us from another Great Depression? Since the recession of 2007, the U. S. Federal Reserve has increased bank reserves and brought the federal funds rate (interest rate charged by banks on interbank loans) down to 0.25 %.
carefully explain what will happen as we move from the short run to a long run equilibrium in a monopolistically
2.suppose you have just been appointed to a high level position in the economic analysis unit of the state department.
portland fluid control inc. pfc is a major supplier of reverse osmosis and ultrafiltration equipment which helps
Use a graphical illustration to describe briefly what the influence of each of the following would be on the market supply of labor an increase in immigration
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