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Identify a 95% confidence interval for the slope parameter B2. Is there strong evidence that B2 is greater than 0.65? Justify your answer using the level of significance alpha=0.05.
If an increase in the price of petroleum causes the market prices of tires to rise from $60 to $70, by what percentage would you expect the quantity of tires demanded to change?
One of the most important microeconomic concepts for a strategic thinker is the use of marginal cost and the marginal revenue in decision-making.
Use the demand and supply analysis to demonstrate how the limit on the amount of reimbursement is not the only effective way to decrease expenditures for health care if health care providers succeed
Describe what will happen to the capital labor ratio in both the short run (when capital is fixed) and the long run (when capital can be changed) by using the production theory.
Suppose that the nominal interest rate on a 10 year bond is 10% at home and 6% abroad. Further assume inflation is expected to be 3% abroad and 6% at home. Calculate the expected annual real deprec
Identify the income, own price and the cross price elasticity of good y. Discuss whether the good is normal, ordinary and a substitute or complement of the other goods in demand.
Examine the key factors that influence the supply and demand of the selected good in general and Katrina's Candies specifically from the e-Activity. Propose two methods in which organizations that
Determine a market with demand function P = 20 - Q. There are 30 potential competing firms with identical cost functions C(q) = q, but to enter the market they each need to pay an entry cost of 2.
Determine the meaning of a four-firm concentration ratio? Interpret what a four-firm concentration ratio of 60 % would mean. Interpret what a score of 90% would mean for the four-firm concentration
Economic Growth, it was the subject of the first systematic work in economic theory, "An Inquiry into the Nature and Causes of the Wealth of Nations," Adam Smith 1776. Pick one country, not the US,
Imagine you are an economic advisor to the Chairman of the Federal Reserve Board, and he asks you whether it is advisable to increase the monetary supply to bolster the economy.
Assume that government spending was increased by 10 units and that this increase was financed by a 10 unit increase in taxes. Would equilibrium income change or remain the same as a result of these
Explain what benefit do economic models provide to decision makers seeking to manipulate economic conditions? In your posts, specifically address the models GDP, GDI, and their major components.&nb
Discuss how a bandwagon effect might speed up the rate at which DVD players are adopted by consumers. Do likewise for the case of cable television subscriptions.
Discuss how the indifference curve and budget line apparatus are used to derive a consumer's demand curve. For a demand curve, certain things are held constant. What are they, and how does this app
Examine what your opportunity costs have been in terms of personal resources that you have given up in order to take this course at Strayer University.
Assume a firm is forming the 1,000 units of output (Q). Its average fixed costs are $50. Its average variable costs are $25. Determine the total cost (TC) of forming the 1,000 units of output (Q)?
Discuss whether or not a consumer who clips coupons and sticks to a tight budget is maximizing her economic utility. Provide at least two reasons for your answer.
Explain what does the article say about the importance of international economics, the principle of comparative advantage, and modern trade theory?
Find out a recent purchase that you made and calculate how scarcity influenced your purchase decision. Give an example how scarcity of a product would have an impact on a macroeconomic and microeconom
Discuss the relationship between the total revenue and price elasticity of demand. What are the impacts of various forms of elasticity (inelastic, elastic, unit elastic, etc.) on business decis
Assuming the same are price elasticity of demand calculated in part B, calculate the future price reduction necessary for B.B. Lean to fully recover lost sales (i.e., regain a volume of 10000 units)
Discuss what steps does the Fed propose to take to reach the target rates for inflation and unemployment? Again, read all about it in the link in the Instructor Insights.
Discuss what does the Federal Reserve say about the current state of the economy? Read about it in the link in the Instructor Insights. Explain what are the two targets on which the Fed focuses its