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What distinguishes pure competition in the long run from pure competition in the short run?
What creates a monopoly? Give examples.
Business Economics, Economics
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Why are farmers paid so little? The price of agricultural goods like chickens and coffee has been falling for decades and the share going to farmers has also been falling. What is the "Global division of labor" in food p ...
Candidate A's pollster conducted a survey in which 450 out of 710 respondents indicated they would probably vote for Candidate A. Compute the confidence interval for the population.
If the coefficient of determination is 0.738, what percentage of the data about the regression line is unexplained?
Briefly explain the meaning of the t-test for regression analysis. How can the "rule of two" be used to evaluate t-ratios?
Draw supply and demand curve to illustrate the following sequences of events. Show changes in one graph. Assume upward sloping for supply curves and downward sloping for demand curves 1. In year 1, the rental apartment m ...
Consider the following Cournot oligopoly: There are two identical firms in the industry, which set their quantities produced simultaneously. The two firms face a market demand curve, Q = 120 - P, in which Q = q1 + q2. Ea ...
Advertisements suggest that a new window design can save $400 per year in energy cost over its 30-year life. At an initial cost of $8,000 and zero salvage value, using IRR, is this window a good investment? MARR is 8%.
You take out earthquake insurance on your home. The annual premium is $600. In case of an earthquake the company will pay you $400,000. The probability of an earthquake in your area is 0.0002. What is the expected value ...
Ever wonder why a survey of the American population often has what seems like a very small sample size? 2000 people can tell us what the American population is thinking about. We have formulas to calculate an appropriate ...
A research a research institute conduct the clinical trials of a method designed to increase the probability of conceiving a boy. Amount 170 to babies born to parents using the method. 146 for boys. Identity identify the ...
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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