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A college raises its annual tuition from $28,000 to $30,000 and its student enrolment falls from 4,877 to 4,715. Compute the price elasticity of demand. Is demand elastic or inelastic? Explain and show your work.
Business Economics, Economics
What is the Central Limit Theorem? Why does it make the use of the common inferential tools possible even if the raw data is not distributed normally?
Do you need to find the Z score first and then go from there? You have a normal distribution with a mean of -45 and a standard deviation of 25. If appropriate, calculate what percent of scores fall below 5.
Marketing firm specializes in assessments of local restaurants and have been asked to rate local restaurants. The restaurants are rated as good, fair, or poor. From the firm's rating system, 72% of the restaurants were r ...
Suppose that the forward rate F at 6 months between $ and Euro is Euro = $1.2 The interest rate at six months in the Euro Area and in the USA is i Euro =3% i USA=2% What is the spot exchange rate? [x] a.Euro = $1.21 b.Eu ...
In a survey of 2995 adults, 1486 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.
There are 100 identical firms in a perfectly competitive industry. Market demand is given by -200P +8000. If each firm has a marginal cost curve, MC = .4 q + 4. What is the firm's supply curve ? What is market supply? Wh ...
a) How can use the criteria for evaluating alternative methods of government finance to assess the most important revenue proposals of the 2018/19 budget. b) In the case tax is most important revenue proposals of the 201 ...
Sally purchases hardwood lumber for a custom furniture-building shop. She uses three suppliers, Northern Hardwoods, Mountain Top, and Spring Valley. Lumber is classi ed as either clear or has defects. Sally estimates tha ...
Consider a low wage market. Assume that the market demand curve is P = 20 - Q/500, and the market supply curve is P = 2 + Q/1,000. Workers in this market are not presently covered by the minimum wage, but the government ...
Please help me answer the following Kingsnorth et al. (2002) examined the case processing time (in days) from arraignment to disposition for cases processed by the Sacramento County District Attorney's office. For the 90 ...
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Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate
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