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Importance of students as customers. A committee on community relations in a college town plans to survey local businesses about the importance of students as customers. From telephone book listings, the committee chooses 150 businesses at random. Of these, 73 return the questionnaire mailed by the committee. What is the population for this sample survey? What is the sample? What is the rate (percent) of nonresponse?
Suppose we have monthly data on the CPI and quarterly data on the GDP. We have information only on the first two periods. We are given that the CPI increased by 0.5% from January to February, while GDP increased by 1.3% from Q1 to Q2. We would like t..
Two machines are under consideration for a new production line. Machine X costs $50,000 and is expected to have a salvage value of $6500 at the end of its useful life of 5 years. It will have a fixed cost of $16,000 per year and a variable cost of $5..
The customary view of poverty in association with healthcare focuses on ability to pay. However, financial difficulty in a region has compounded effects on utilization and demand that extend from provider supply to access to insurance.
Widgetland has 60 workers. Each worker can produce 4 widget(s) or 4 wadget(s). Each resident in Widgetland currently consumes 2 widget(s) and 2 wadget(s). Wadgetland also has 60 workers. Each can produce 3 widget(s) or 12 wadget(s).
comparative advantage can explain why people pursue different occupations. it can also explain why countries produce
Cypress River Landscape Supply is a large wholesale supplier of landscaping materials in Georgia.Cypress River’s sales vary seasonally.
Assume a company has the following demand equation, Q = 1,000 - 3,000P + 10A, where Q = quantity demanded, P = product value, and A = advertising expenditures
What are the two accounts of an economic system and List all the components on both sides as they appear in the text - Compute the total GDP
Further, assume that the countries have similar resource endowments and that, initially, they are not trading with each other. Therefore, each of the countries has to produce both rice and tea for its citizens. Suppose that, in the no-trade situat..
analyze and outline the three most likely reasons for growing food insecurity in the united states. do you think food
Now suppose the world relative price of a cars is Pc/Ptv=1. A) In what good will each country specialize? Briefly explain why. B) Graph the new world price line for each country in the figures in problem 4, and ass a new indifference curve (U2) for e..
How is net national product (NNP) calculated a.Saving is subtracted from the total income of a nation's citizens. b.Saving is subtracted from the total income of a nation's permanent residents. c. Depreciation losses are subtracted from the total ..
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