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What events, beliefs or situations might cause a consumer to demand and buy fewer goods and services this month than last month even if prices have not changed? (note the second, third and fourth words are plural)
Business Economics, Economics
Consider the binomial distribution where n = 11 and p = 0.05. Find the mean and standard deviation of this binomial distribution. The customers at a local appliance store are polled as they leave the store. Each is asked ...
IQ test scores of students are normally distributed with mean μ=100 and standard deviation σ=10. What is the 33th percentile of the IQ scores? For a randomly chosen student, what is the probability that his or her IQ sco ...
How would you explain the concept of a quality adjusted life year? When is it appropriate to use "QALYs" instead of simply improved life expectancy as the outcome measure in an economic evaluation?
What does this demand sequence mean? (I am assuming that x,y,and s are related products) Qx= 1.5 -3.0Px + 0.8(Income) + 2.0 Py -0.6 Ps + 1.2(Advertising) Then a year passes and the values are: Px=2 I=2.5 Py=1.80 Ps ...
A researcher is interested in the relationship between leisure time physical activity, diet, extracurricular activities and hours of sleep with cardiovascular fitness in children ages 6 through 12. She will recruit 100 c ...
Economics - Unemployment What kind of monetary and fiscal policies could be introduced to reduce unemployment? Why would we expect these policies to have inflationary consequences? Illustrate your answer diagrammatically
Suppose the restaurant industry is perfectly competitive and all producers have identical cost curves. The industry is currently at a long-run equilibrium, with each firm producing at its minimum long run average total c ...
Explain the long-run effects of the guiding function of price.
What is the result of a price ceiling? And why do some consumers tend to favor price ceilings and others tend to oppose it?
1. A country and an import of that country. What's the reason for that import and who are the winners? Are there any losers? 2. A country and an export of that country. b) What's the reason for that export and who are 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