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For each of Marshall’s four rules of derived labor demand, come up with one example of an industry or job that you would expect to have especially elastic or inelastic labor demand based on that particular rule.
Business Economics, Economics
Assume the following probabilities: P(Customer makes a purchase) = 0.500 P(Customer does not make a purchase) = 1- 0.500 Compute the probability that both customers purchase (# purchases = 2), and enter your answer with ...
A certain device is used to determine the sex of an unborn baby, but the device is not very reliable. If the fetus is truly a boy, the device says BOY with probability 0:8 (but, mistakenly, GIRL with probability 0:2). If ...
In a survey of 3236 adults, 1470 say they have started paying bills online in the last year. Construct a? 99% confidence interval for the population proportion. Interpret the results.
After paying $1.50, you are allowed to open a newspaper vending machine freely (i.e. get as many as you want). In contrast, a soft drink vending machine only drops one can after you pay the same amount of money. Why? Ple ...
A researcher conducted a one-sample z -test with alpha set to 0.05, and calculated a test statistic of 1.99. The null hypothesis was H 0 : μ = 500 and the critical values were +1.96 and -1.96. Which is the most appropr ...
1. Which of the following statements is not true about an excise tax? A- A unit tax is an excise tax. B- An excise tax is levied on the purchases of particular good or service. C-An excise tax is based on an individual's ...
Benefits of abating emission: MB=500-20A Cost of abating emission: MC=200+5A What are the marginal benefit and marginal cost of abatement at socially efficient level of abatement? What is the net social benefit at the ef ...
A child protective service (CPS) worker is calculating the average for the number of children per family in her caseload (N=30). The mean was 95 and the variance was 25. What was the standard deviation?
In one of your classes the syllabus states that HW is worth 10%,quizzes 20%, test 40% and the final 30%. Your grades on the HW is 80, quizzes 75 and tests 68. What is your current grade in the class? What do you need to ...
Sixty percent of adults have looked at their credit score in the past six months. If you select 31 customers, what is the probability that at least 25 of them have looked at their score in the past six months?
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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
Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p
Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As
Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int
Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As