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What proportion of sample means from samples of size n = 16 graduates fall within ±$3,000 from the population mean?
u=48600; o=8100
In repeated sampling of n = 25 graduates, what proportion of sample means would fall within ±$3,000 from the population mean? same u= 48600; o=8100
If the government imposes a $1 per-unit tax, how do the marginal, average total, and average variable costs change? What if instead the government imposes a $100 per-firm tax?
According to the articles, why did prices rise sharply over the past 5 years? Answer in terms of a supply-demand analysis, saying what specifically has happened to supply and demand and how this has increased prices.
Find the total product, average product and marginal product for integer values of L from 1 to 9. Plot the total product on a graph and the average and marginal product on another as shown in class.
Show the change in Q if L changes from 1 to 2, and 2 to 3, and does the production function exhibit diminishing returns? If so, when does the law of diminishing returns begin to operate? Could we ever get negative returns?
What is the most you would pay to call her and ask for the result? Be sure to show the decision tree that fuels your reasoning.
A perfectly competitive market and the perfectly competitive potato producers in Prince Edward island, the market demand curve rot potatoes
Second-degree price discrimination is also known as block rate setting. captures all consumer surplus. sets a different price for each customer.
Provide two examples of actions taken by a company, government, or organization whose effect is to prevent specific markets from reaching equilibrium. What evidence of excess supply or excess demand can you cite in these examples?
What is the size of the firm's profit. Suppose that the allocatively efficient output level in long-run equilibrium is 200 meals. Is the deadweight loss for this firm greater than or less than $60?
Characterize this as an example of a positive or a negative externality and the efficient level of a negative externality is always a positive amount.
BASED ON YOUR RESEARCH AND ANALYSIS, DETERMINE THE MONETARY POLICY ACTION YOU THINK SHOULD BE UNDERTAKEN. DETAIL THE MONETARY POLICY RECOMMENDATION YOU MAKE AT THE NEXT FEDERAL OPEN MARKET COMMITTEE MEETING.
Ann McCutcheon is hired as a consultant to a firm producing ball bearings. This firm sells in two distinct markets, each of which is completely sealed off from the other. What price should managers charge in each market?
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