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Proposed policy in the upcoming election. How many people should be sampled so that the sampling error is at most 0.04 with a 95% confidence interval?
Compute potter's budgeted cash receipts for the quarter. Discuss problems potter might encounter in obtaining short-term financing.
Suppose that a borrower and a lender agree on the nominal interest rate to be paid on a loan. Then inflation turns out to be higher than they both expected. Is the real interest rate on this loan hi
In deciding whether to implement the policy, how, if at all, should the likely effects of the policy on real GDP be taken into account? Discuss.
If farmers want to earn a normal profit of $10 per acre, what is the most that any farmer would pay to rent your 10 acres? $ What if the price of wheat rose to $6 per bushel.
A firm with market power has an individual consumer demand of Q = 20 - 4P and costs of C = 4Q. What is optimal price to charge for a block of 20 units? A. $18 B. $36 C. $72 D. $90.
Determine the equilibrium prices charged by the two firms, and their equilibrium profit levels. If the firms do not make the same profit, verbally describe why this is the case.
According to the companies, Bethlehem sold most of its output in the East, whereas Youngstown sold most of its output in the Midwest. Was this fact relevant? Why or why not?
A movie theater has found that they can easily separate their customers into two categories. How many tickets does the theater sell to senior citizens? How many tickets does the theater sell to non-se
Suppose the prices of x and y are $12 and $48 respectively. What is Alice's budget constraint? Does Alice work more or less? Does this seem realistic?
Draw a diagram showing the combined labor market for secretaries, nurses, and teachers. Draw a diagram showing the combined labor market for all other fields.
Hiring one additional worker will increase output by five units per hour. Tucker should hire the additional worker only if the wage rate is?
Calculate the marginal revenue functions facing Chillman. Add these to your graph from Part (a). Calculate the marginal cost function. What is Chillman's profit-maximizing price and output combination
What impact do you think this transaction had on the market structure of the beer industry in the United States? In world markets? Explain.
Discuss why tickets scalping at sports events(where individuals buy several tickets in advance and sell them for very high prices just before a game)may be desirable from efficiency point of view.
Find the partial derivate of both unemployment and inflation with respective to monetary and fiscal policies and interpret the result?
Find the derivate of unemployment and inflation with respective to monetary poly and interpret the result? Find the derivative of the vote ratio with respect to monetary policy and interpret the resul
What is the partial derivative of the logarithm of earnings with respect to experience? What is the percentage impact on earnings due to a one year increase in experience if S = 20 and X = 5?
Show how the demand for hamburgers varies with the number of months since September, for a given price of hamburgers.
Determine the cross partial derivative of this production function and provide an intuition for the sign on your result.
At what quantity does this import demand curve exhibit unit elasticity? If QM = 8, is import demand elastic or inelastic? What if the quantity demanded rises to 11?
Operating expenses is $28 million For an effective federal tax rate of 35% and state tax rate of 6.5%, determine(a) CFAT, (b) percentage of total revenue expended on taxes, and (c) net income for the
Explain how both the flow-of-product approach and the earnings approach can be used to measure GDP and the role profit plays in these calculations
What macroeconomic policies might you enact in response to these economic conditions? How would you expect these policy changes to impact the economy?
Many small boats are made of fiberglass, which is derived from crude oil. Suppose the price of oil rises:Using diagrams, show what happens to the cost curves of an individual boat-making firm and to t