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suppose that one company acquires all the suppliers in the industry and thereby creates a monopoly. what are the monopolist's profit maximizing price and total output?
competition from discount air carriers such as ryan air and easyjet. Find the price and quantity for the euoropean air route if perfect competition becomes the norm.
If a sample of 110 artists was taken, find the average value above which only 15% would lie. Give your answer in dollars to the nearest dollar.
A standard deviation of 16.5 hours. The best 65% of batteries would last beyond how many hours? Answer correct to 2 decimal places.
Suppose a random sample of size 16 is taken, and the variance of the sample is calculated to be 5. What is (approximately) the probability that the population variance is less than 7?
Finally, suppose 10% of fans are Rabid. What is the probability of any fan watching the game at Home? If a fan watches the game Live, what is the probability that they are Rabid?
What is the critical value for the sample mean? Suppose the answer to part a is 23.5 (it is not, but assume it is to do part b). If the true value of efficiency in the population is 22.75.
What is the 99% confidence interval for the difference between the two school's scores. (For consistency, let the difference d=A-B.)
Using the Hand Rule, what must the probability of illness as a result of Aperture's research be for a court to likely find Aperture met the burden of care requirements?
The expected amount of damage would be $100,000. Using the Hand Rule, did Mr. McGroo meet the burden of care expected of him? In other words, did he adequately prepare for such a fire in terms of th
How many units of pork will the government be forced to buy to keep the price at $2.25? How much will the government spend in total? How much does producer surplus increase?
In this case, the government sets the support price ps=4. Calculate the original market equilibrium price and quantity in absence of the price support policy.
Consider the values in the following table for the Winsome Widget Factory. Identify the point of diminishing returns. Why do diminishing returns occur?
How much is the deadweight loss? Draw a diagram and show the initial equilibrium, new price and quantity with the price floor and identify the area of deadweight loss in the diagram.
find the relevant economic data of this country (GDP, Unemployment, Inflation, etc.). As an economist, analyze the current economic situation in the country and offer any monetary.
Then sells the Central Bank a Treasury bill for $9,000. How much does this bank now have to lend out if it decides to hold only required reserves?"
Explain the difference between Macroeconomics and Microeconomics. Also explain how economics is used as a social science and as a policy tool.
Why were the members of OPEC trying to agree to cut production? What does the phrase "do their share" suggest about OPEC's desired relationship with Norway and Britain?
Demonstrate graphically the cost of income taxation of 30% to consumers and producers for an income of $27,908? How does the taxation change if the income was $220,874?
Find the Nash equilibrium prices for the two diners. How many breakfast club memberships will each diner sell in Nash equilibrium? How much profit will each diner make?
The product in exchange for 50% of their cost savings. Describe the information asymmetry, the adverse selection problem, and why soft selling is a successful signal.
Calculate the new supply of dollars at each exchange rate and graph the new supply curve. What is the new equilibrium exchange rate given the original demand for dollars.
Calculate the new demand for dollars at each exchange rate and graph the new demand curve. What is the new equilibrium exchange rate,given the original supply of dollars?
The 1973-75 recession was caused only in part by increases in oil prices per se. Does the aggregate demand-aggregate supply model support Bernanke's thesis?