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a perfectly competitive industry has... A. A perfectly elastic demand curve B. A downward sloping supply curve C. A perfectly elastic supply curve D. A downward sloping demand curve
Business Economics, Economics
A worker earns $15 per hour at a plant and is told that only 2.5% of all workers make a higher wage. If the wage is assumed to be normally distributed and the standard deviation of wage rates is $5 per hour, the average ...
You have to negotiate a contract with a businessperson from France. How will you approach them? How does the French communication pattern and listening habit differ from your own culture?
A club consists of 10 seniors, 12 juniors, and 15 sophomores. An organizing committee of size 5 is chosen randomly (with all subsets of size 5 likely). Find the probability that the committee has at least one representat ...
A survey of 1272 pre-owned vehicle shoppers found that 8% bought the extended warranties. What is the population and what is the sample?
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A researcher wishes to? estimate,90?% ?confidence, the population proportion of adults who say chocolate is their favorite ice cream flavor. Her estimate must be accurate within 1% of the population proportion. ?(a) No p ...
A market researcher wishes to determine the proportion of American women who shop online. The results must be accurate at the 90% level of confidence with a maximum error of 2%. Calculate the minimum sample size needed t ...
In a survey of 320 customers, 84 say that service is poor. You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?
Carefully explain how the negative price elasticity of demand affect the revenue or profit of an organization?
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