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Q. (i) What is expected salary of a CEO who has been with company for years? Construct a 95% confidence interval on prediction for average CEO who has been with company for 10 years. What is margin of error of your prediction? What is high and low expected salary?
Suppose that survey measures of consumer confidence indicate a wave of pessimism is sweeping the country.
The price of twinkies fell from 0.80 to 0.70.As a result,the quantity demanded of Ho-Ho's decrease from 120 to 100. Illustrate what would be the appropriate elasticity to compute. compute this elasticity.
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.
Explain your answer what would happen to the value of gold if public discovered that it could simply be made at home from inexpensive materials.
Estimate the following statement;"Managers should specialize by acquiring only the tools needed to operate in a particular market structure.
Distinguish between the two types but knows the probabilities of each type. What would be the result in this market for loans.
Sketch a supply-demand diagram of the US Treasury bond market to illustrate the effects on it of the developments cited in part A. Label your diagram clearly.
Antitrust act that bans anticompetitive mergers that occur as a result of one company acquiring the physical assets of another company.
Explain why do the Average Variable Cost curve and the Average Total Cost curve become closer as the quantity increases.
Do protectionist policies benefit producers, consumers, workers, or the government
Identify three roles for money: money is a unit of account, a store of value also acts as a medium of exchange.
One important difference between an entrepreneurs also a manager is which the former gets into a market before demand increases, while the later gets into the market after the shift.
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