Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Economics Expert

Suppose that wages per week in country A (a poor country) which consists of 4 people are $1, $8, $25 and $40, while in country B (a rich country), which also has 4 people, the wages are $120, $500, $1200 and $3500.

Question: In which country is the standard deviation of log of wages higher (log refers to the natural logarithm)?

Business Economics, Economics

  • Category:- Business Economics
  • Reference No.:- M92196238
  • Price:- $20

Priced at Now at $20, Verified Solution

Have any Question?


Related Questions in Business Economics

Each of 30 teams in a league has a demand for generic

Each of 30 teams in a league has a demand for generic advertising of Q = 260 - 4P. Price is measured in thousands of dollars. Ads cost $510,000 each. How many ads will the teams want to purchase as a group?

Explain the real-nominal principle in detail this is from

Explain the real-nominal principle in detail? This is from Economics course.

Last month jane took a random sample of nyustudents and

Last month, Jane took a random sample of NYUstudents and asked, "Are you in favor of raising the minimum GPA requirements for maintaining TOPS eligibility from a 2.3 to a 2.5?" In the sample, 58% answered "Yes." Bob, the ...

A study sample was done regarding the association between

A study sample was done regarding the association between family history and the risk of developing AD. Exposure were family history of AD and no family history of AD. Outcomes were development of AD or no development of ...

A if the required reserve ratio is 250 percent what is the

a. If the required reserve ratio is 2.50 percent, what is the monetary multiplier? b. If the monetary multiplier is 5, what is the required reserve ratio?

Who developed a theory of distribution within capitalism

Who developed a theory of distribution within capitalism? What is the basic assumption of classical theory? What is the basic assumption if Marxian Theory? What are the classical theory's views on individual choices and ...

Suppose a soft drink company want to perform a taste test

Suppose a soft drink company want to perform a taste test on 5 brands of diet cola. How many permutations are there for presenting 5 diet colas to test subjects?

Elenas income is 600 she spends all of it on tickets to

Elena's income is $600. She spends all of it on tickets to concerts and films. A concert ticket costs $30 and a film ticket costs $10. How many tickets of each type will be in Elena's optimal consumptionbundle? Her MRSCF ...

Problema new software package is being developed and tested

PROBLEM A new software package is being developed and tested to help analysts reduce the time required to design, develop, and implement a new information system. To evaluate the benefits of the new software package, a r ...

1 a certain compact disc player randomly plays each of 10

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 ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

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

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

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 1150 payment made in ten

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

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As