Chapter 2 1. Consider the following data on distances traveled by 100 people to visit the local park.distancefreq1-8309-162017-242525-321033-4015Expand and construct the table adding columns for relative frequency and cumulative relative frequency. Then plot Histogram, Frequency Polygon and Ogive Curve. 2. Math test anxiety can be found throughout the general population. A study of 250 seniors…
Read MoreMany managers do not understand the various ways that interest rates can affect business decisions. For example, if your company decided to build a plant with a 30-year life and short-term debt financing (renewed annually), the cost of the plant could skyrocket if interest rates were to return to their previous highs of 12% to…
Read MoreThe following relations describe demand and supply. Q = 700 – 100P (1) Q = -100 + 100P (2) Where P is price in dollar and Q is quantity in unit. a. Which equation (1) or (2), is demand equation and why? Answer the same for supply equation. And then find equilibrium (market clearing) P…
Read MoreEcon 2201 – Winter 2013 – Assignment 4. Question 1: The small open economy model Suppose that the economy begins in a position of balanced trade. Use the model of the small open economy to predict what would happen to the trade balance, and the real exchange rate in response to each of the following…
Read MoreProblem Set 4 1.Movies are distributed in a variety of forms, not just first run theatrical presentations. What other ways are movies distributed? What are the different price points? Using this information, draw a fully labeled graph of the market for movies in which the distributor of the film price discriminates. (NOTE: This should not…
Read More1. Verizon Wireless, AT&T, T-Mobiles and Sprint together provide over 90% cellphone services in the US wireless voice & data market. Each of these service providers spends hundreds of millions of dollars a year on television advertising to promote their coverage and quality of voice, video and data services. Obviously, if one company is advertising…
Read MoreEssay short run and long run in economics long run cost Answer Essay short run and long run in economics long run cost Answer Answer the following questions in Essay APA format -1850 words per question. 1. Explain/define the following: –short run and long run in economics –economic cost versus accounting cost –the concept of…
Read MoreECO 372 Week 5 Learning Team Fiscal Policy Paper ECO 372 Week 5 Learning Team Fiscal Policy Paper ECO 372 Week 5 Learning Team Fiscal Policy Paper Discuss within your Learning Team how and why the U.S.’s deficit, surplus and debt have an effect on the following: • Tax payers • Future Social Security and…
Read MoreECO 365 Week 3 Discussion Question Answers ECO 365 Week 3 Discussion Question Answers Compare and contrast the conditions for a perfectly competitive market, monopolistic market, monopolistic competitive market and an oligopolies market? How would you explain the main differences among these market structures? Identify which market structure various industries compete in and why you…
Read MoreECO 365 Week 2 Discussion Question 1 Answer ECO 365 Week 2 Discussion Question 1 Answer Week 2 DQ 1 a) Would you ever turn down a job that paid more than the job you currently held? Why or why not? How does this relate to the concepts in Chapter 12? b) Firms are always…
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