Problem 1. A firm's production function C is given by C (q) = 0:5q 2+2q 1 2 +18, where q is the level of output. (i) Calculate marginal costs (ii) If all fixed costs are sunk, and the minimum price at which this firm wil ...
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Why are many business and data series only presented in seasonally adjusted data?
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Suppose demand and supply are given by: Q d x = 14 - 0.5 P x and Q s x = .25 P x - 1 a) Determine the equilibrium price and quantitiy. b) Suppose a $12 excise tax is imposed on the good. Determine the new equilibrium ...
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What are the minimum, first quartile, median, third quartile, maximum, interquartile range, and range of the data set below? Make a box-and- whisker plot. 25, 25, 30, 35, 45, 45, 50, 55, 60, 60
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In a random sample of 100 college student 60 were females, 65 were under 21 years of age and 15 males were 21 years of age or older, a student is selected at random from the sample. What is the probability that a female ...
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Connecticut should pass its Senate Bill 60, which states that during a 'severe weather event emergency, no person within the chain of distribution of consumer goods and services shall sell or offer to sell consumer goods ...
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The Twin Crises: what are the Causes of Banking and Balance-of-Payments Problems?
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A manufacturer of cereal has a machine that, when working properly, puts 20 ounces of cereal on average into a box with a standard deviation of 1 ounce. Every morning workers weigh 25 filled boxes. If the average weight ...
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One study, based on responses from 1, 013 randomly selected teenagers, concluded that 43% of teenagers cite grades that their greatest source of pressure. Use a 0.05 significance level to test the claim that fewer than h ...
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Given a binomial random variable, X = # successes, where the sample size (n) and the probability of a success (p) are given on right, calculate P(X n =20 p =0.3 a =2 Given a binomial random variable, X = # succ ...
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