Blog

Which of the following best defines sample size in the context of a research study?

Which method is often employed when researchers lack the resources for random sampling?

When determining an appropriate sample size, researchers must consider which of the following factors?

For question 23-25, you are given the following data The buyers’ bid is the maximum they are will to spend for a single good and the sellers’ bid is the minimum they are willing to sell a single good for.   Which sellers sell a good?

Question 17-21 refer to the following graph   Suppose the consumer has an income of $24, the price of pizza is $2, and the price of soda is $2. The opportunity cost of one more slice of pizza is  

In which case can the government improve outcomes?

The fact that the public sidewalks are dirty while private yards are clean is an example of

Question 17-21 refer to the following graph   Under the prices and income from question 18, the optimal consumption bundle is  

Suppose you observe the price and quantity demanded of a good at two dates. There is a large percentage change in price but only a small percentage change in quantity. Which is the most likely price elasticity of demand?

Question 17-21 refer to the following graph   Suppose the price of pizza decreases to $1. The quantity demanded of pizza increases by how many units?