1. National Public Radio would be considered a club good. T/F

2. A pair of jeans is rival but non-excludable. T/F

3. A good that is rival in consumption is one that someone can be prevented from using if she did not pay for it. T/F

4. Roads can be considered either public goods or common resources, depending on how congested they are. T/F

5. All goods that are excludable are also rival in consumption, but not all goods that are rival in consumption are excludable. T/F

6. A free rider is a person who pays for a good but does not receive the benefit of it. T/F

7. An example of the “Tragedy of the Commons” is litter in the picnic area of a local park. T/F

8. Private markets usually provide lighthouses because ship captains have the incentive to navigate using the lighthouse and therefore will pay for the service.T/F

9. One possible solution to the problem of protecting a common resource is to convert that resource to a private good. T/F

10. Depending on congestion, national parks can be either a common resource or a public good. T/F

home / study / math / statistics and probability / statistics and probability questions and answers / a survey found that​ women's heights are normally distributed with mean 62.3 in. and standard ... Your question has been answered Let us know if you got a helpful answer. Rate this answer Question: A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard dev... A survey found that​ women's heights are normally distributed with mean 62.3 in. and standard deviation 2.9 in. The survey also found that​ men's heights are normally distributed with a mean 67.7 in. and standard deviation 2.9. a. Most of the live characters at an amusement park have height requirements with a minimum of 4 ft 8 in. and a maximum of 6 ft 3 in. Find the percentage of women meeting the height requirement. The percentage of women who meet the height requirement is . Find the percentage of men meeting the height requirement. The percentage of men who meet the height requirement is c. If the height requirements are changed to exclude only the tallest 5% of men and the shortest 5% of women, what are the new height requirements? The new height requirements are at least nothing in. and at most nothing in.

As manager of the Best Drinks Company in Hayward, you would like to sell drinks at a booth during the major celebration in the Hayward’s Central Park. The following table provides information about the drinks that you will be selling: You estimate labor cost to be $600 (2 people, $300 dollars each per day at the booth). Even if nothing is sold, your labor cost will be still $600, so you decide to consider this a fixed cost. Booth rental, $400, is also a fixed cost. Apply the total fixed cost for your break-even analysis, and do not annualize the fixed cost.

Questions What is the break-even volume (in dollars) for selling drinks at the booth? Show your calculations manually or use Excel. How much would you expect to sell at the break-even point? Present and explain your calculations.

A city maintains the following funds:

1. General

2.Special Revenue

3.Capital projects

4.Debt service

5.Enterprise

6.Internal service

7. Permanent (trust)

8. Agency

For each of the following transactions, indicate the fund in which each transaction would most likely be recorded:

a.The city collects $3million of taxes on behalf of the country in which it is located

b.It spends $4 million to pave city streets, using the proceeds of a city gasoline tax dedicated for road and highway improvements

c. It receives a contribution of $5 million. Per the stipulation of the donor, the money is to be invested in marketable securities, and the interest from the securities is to be used to maintain a city park.

d.It collects $800,000 in landing fees at the city airport

e.It earns $200,000 on investments set aside to make principal payments on the city's outstanding bonds. The bonds were issued to finance improvements to the city's tunnels and bridges.

f.It pays $4 million to a contractor for work on one of the bridges

g.It pays $80,000 in wages and salaries to police officers

h. It purchases from an outside supplier $40,000 of stationary that it will sell to its various operating departments

The average “moviegoer” sees 8.5 movies a year. A moviegoer is defined as a person who sees at least one movie in a theater in a 12-month period. A random sample of 40 moviegoers from a large university revealed that the average number of movies seen per person was 9.6. The population standard deviation is 3.2 movies. At the 0.05 level of significance, can it be concluded that this represents a difference from the national average?

STEP 1. State the null and alternate hypothesis

The hypotheses are  (Enter an UPPER CASE Letter Only.)

STEP 2. State the critical value(s). Enter the appropriate letter.

z =

STEP 3. Calculate the test value

z =

STEP 4. Make the decision by rejecting or not rejecting the null hypothesis. Since the test value falls in the non-rejection region, we do not reject the null hypothesis.

Conclusion 1. Reject the null hypothesis. At the α = 0.05 significance level there is enough evidence to conclude that the average number of movies seen by people each year is not different from 8.5.

Conclusion 2. Reject the null hypothesis. At the α = 0.05 significance level there is enough evidence to conclude that the average number of movies seen by people each year is different from 8.5.

Conclusion 3. Do not reject the null hypothesis. At the α = 0.05 significance level there is enough evidence to conclude that the average number of movies seen by people each year is different from 8.5.

Conclusion 4. Do not reject the null hypothesis. At the α = 0.05 significance level there is enough evidence to conclude that the average number of movies seen by people each year is 8.5.

(Enter a number only from the list 1, 2, 3, or 4)

21. The price elasticity of demand for Dell computers is estimated to currently be –3. Assuming that this estimate is correct, which of the following is true?

A. Total revenue from the sale of its computers will increase this year if Dell raises its prices this year.

B. If Dell lowers the price of its computers, the total revenue from sale of its computers will decrease this year.

C. There will be no effect on its total revenue from the sale of its computers this year if Dell lowers its prices.

D. If Dell lowers the price of its computers, the total revenue from the sale of computers will increase this year.

22. Suppose you run a movie theater and want to increase the total revenue you take in during daytime showings of movies. You can increase your revenue by

A. lowering the price of tickets if the demand for tickets is elastic.

B. lowering the price of tickets if the demand for tickets is inelastic.

C. lowering the price of tickets if the demand for tickets is unit elastic.

D. raising the price of tickets if the demand is inelastic. E. either A or D. 11

23. The long-run supply curve of new automobiles is perfectly elastic. If a 10 percent excise tax is levied on automobiles and collected from manufacturers, then in the long run, other things being equal,

A. the tax will be fully shifted to buyers of automobiles as the market equilibrium price of automobiles increases by 10 percent.

B. the tax will be borne entirely by manufacturers and the net price they receive from selling each automobile will be 10 percent less because of the tax.

C. buyers and sellers of automobiles will share the tax on each automobile.

D. it is not possible to forecast the impact of the tax on the market price of automobiles.

1. According to Sinnot Armstrong and Fogelin, truth is conventional, but language is not.

True

False

2. You would be breaking a syntactic convention if you picked up a grapefruit and said, “This is a mega-lemon.”

True

False

3. The following utterance is a linguistic act: “Buffalo buffalo buffalo”.?

True

False

4. When one performs a conversational act, one…

5. When I utter “I congratulate you” I am expressing an explicit performative.

True

False

6. Consider the following conversation:

A: Where is Palo Alto?

B: On the surface of the Earth.

The response by B violates which of Grice’s rules?

7. When two people present arguments to each other to try to justify different claims, they are engaging in a cooperative activity.

True

False

8. Consider the following conversation:

A: Did you like her singing?

B: Her costume was beautiful.

The response by B violates which of Grice’s rules?

9. The following utterance: “Has this seat been taken?” (said in a theater before the show) conversationally implies…

10. The following statement violates which of Grice’s rules?: The senator has the brains of a three-year-old!

1. A company is making 2 kinds of Gloves per week: Regular (R ) Gloves and Fancy (F) ones. They have 3 departments with limited hours per week. These 3 departments are Cutting Depart. (has 90 hrs), Sewing Depart. (has 30 hrs), and Packaging Depart. (has 10 hrs). They make $15 profit for each pair of Regular Gloves and $24 profit for Fancy gloves. It takes 1.0 hr to cut, 0.5 hour to sew and 1/8 of hour to package a pair of Regular gloves. It takes 1.5 hr to cut, 20 minutes to sew and 15 minutes to package a pair of Fancy gloves.

• how many of each gloves should they make to Maximize the profit

• Which department has extra capacity

Advanced Analysis) Currently, at a price of $1 each, 100 popsicles are sold per day in the perpetually hot town of Rostin. Consider the elasticity of supply. In the short run, a price increase from $1 to $2 is unit elastic (E_s = 1.0). In the long run, a price increase from $1 to $2 has an elasticity of supply of 1.50. (Hint: Apply the midpoints approach to the elasticity of supply.)

a. How many popsicles will be sold each day in the short run if the price rises to $2 each?

Instructions: Enter only a whole number for your answer.

per day=


b. How many popsicles will be sold per day in the long run if the price rises to $2 each?

Instructions: Enter only a whole number for your answer.

per day=