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Suppose that the technology for producing a good improves so that production is less expensive. Please show how this impacts on consumer surplus and producer surplus.
Business Economics, Economics
In an effort to check the quality of their cell? phones, a manufacturing manager decides to take a random sample of 10 cell phones from? yesterday's production? run, which produced cell phones with serial numbers ranging ...
Assume that the car lot contains 35 percent Lincolns, 35 percent Jaguars, and 30 percent BMWs. Of the Lincolns, 90 percent have navigation systems, 60 percent of the Jaguars have navigation systems, and 40 percent of the ...
1. For each of the following, write out the null and alternative hypotheses, and indicate whether it is a one-tail or two-tail hypothesis test a) Do Canadian children whose parents are librarians do better than Canadian ...
It has been a bad day for the stock market and you have heard that only 30% of all stocks gained value. Suppose you have a portfolio of 10 securities and assume a binomial distribution for the number of your stocks that ...
Consider a firm that faces the following expected future marginal product of capital: MPKf =1000- 2K Where MPKf is the expected future marginal product of capital and K is the capital stock. The price of capital, pk, is ...
Link changes in unemployment, inflation, wages, and GDP to one another and how they impacted each other during periods of economic decline (recessions) and periods of economic growth (expansion) over the past 10 years.
Doctoral assistant ships of Ph.D students 50% have paid assistant ships. a random sample of n=200 students is chosen.. based on this sample and using the properties of the binomial distribution, what is the approximate s ...
Suppose we have a hypothetical economy with a Marginal Propensity to Consume of seventy-five percent (75%). Further assume business investment spending increases by $2,000. By how much will this change affect Gross Domes ...
1. A certain compact disc player randomly plays each of 10 songs on a CD. Once a song is played, it is not repeated until all the songs on the CD have been played. In how many different ways can the CD player play the 10 ...
QXd = 14 - (1/2) P X and QXS = (1/4)P X - 1 a. Determine the equilibrium price and quantity. Show the equilibrium graphically. b. Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium price a ...
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