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The often made statement that inflation? "greases the wheels of the labor? market" means simply that A. high and unanticipated inflation allows for real wage adjustments when nominal wages are? sticky, thereby permitting ...
The tobacco industry is a prime example to consider when talking about price elasticity of demand. While nicotine use can be addictive for many users, it is not addictive for the so-called "social smokers". What can we s ...
The number of times that a person contracts a cold in a given year is a Poisson random variable with parameter λ=6 . However a new drug has just been marketed that reduces the Poisson parameter to λ=3 for 35 % the popula ...
Find the minimum sample size necessary to be 99% confident that the population mean is within 3 units of the sample mean given that the population standard deviation is 29. (a) What is the critical value that corresponds ...
The time spent (in days) waiting for a heart transplant can be approximated by a normal distribution. Day range of 60-200. u=129 o=20.2. (a) What is the shortest number of days spent that would put a patient in the top 3 ...
?A sample of 100 people is classified by gender (male/female) and by whether they are registered voters. The sample consists of 80 females and 20 males, and has a total of 60 registered voters. If these data are used for ...
Pure gasoline has an energy density of 115,600 BTU per gallon, while ethanol has an energy density of 75,670 BTU per gallon. Gasoline cost $3.70 per gallon. What would the price of E85 (85% ethanol, 15% gasoline) have to ...
Charlie's indifference curves have the equation xB = constant/xA, where larger constants denote better indifference curves. Charlie strictly prefers the bundle (6, 16) to a. the bundle (16, 6). b. the bundle (7, 15). c. ...
Maureen has preferences for two goods to be consistent with the utility function. The price of good 1 is $4 each, and the price of good 2 is $12 each. For what incomes will good 1 be normal?
Why does some workers earn higher wages than others, some landowners higher rental income than others, and some capital owners greater profit than others? (Example)Why, in particular, do computer programmers earn more th ...
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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