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In deciding whether to operate in the short run, the firm must be concerned with the relationship between price of the output and? (which one) a.total cost. b. average variable cost. c. total fixed cost. d. the number of buyers.
Business Economics, Economics
Determine the minimum sample size required when you want to be 80% confident that the sample mean is within 1.3 units of the population mean. Assume a standard deviation of 9.24 in a normally distributed population.
1. Government spending fluctuates less than spending by households and spending by firms on investment. Explain. 2. In countries with well-developed tax collection and welfare systems, there are automatic stabilisers tha ...
What are the four main points of difference in terms of utility, value, rationality, and equilibrium between the classical and neoclassical schools of thought? Briefly describe each one.
You are given the sample mean and the population standard deviation. Use this information to construct the 90% and 95% confidence intervals for the population mean. A random sample of 44 gas grills has a mean price of ...
Americans purchase a lot of coffee grown in Brazil and elsewhere in Latin America. It would seem that in order to avoid the huge transportation costs of bringing coffee here and to provide jobs for Americans, we should g ...
Identify how protecting sovereign boundaries in regards to intellectual property has a positive effect on the GDP . Your answer should be in complete sentences
Suppose you are given the following consumption and income data: Consumption 100 190 280 370 460 550 Income 0 100 200 300 400 500 Obtain an equation for the consumption function. Use your function to predict the value of ...
In 2018 Aman gave his church $50,000 in cash. He also gave his alma mater university another $70,000 of appreciated stock (basis of $18,000). Aman's AGI is $200,000. What is Aman's charitable deduction for 2018?
A bar wants to move into a new area. They want to find out the average income of people in the area to set a price point. To estimate the income of the locals with an error of at most $5,000 at a 80% confidence level, wh ...
Suppose Oregon proposes indexing the minimum wage to inflation. Describe the substitution and scale effects you anticipate with this policy? (In your response, assume that the minimum wage is an effective price floor and ...
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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