5. In the long run, (1) which market structures are likely to have their average cost curve just sit on top of their demand curve? (2) What does this imply for each market structure? (3) Are there any differences in the market structures you gave in your previous answer? 5.1 6. What market structure(s) are likely to cause a net loss to societal welfare?

What is the difference between an unbiased estimator and a consistentestimator?

Solve by hand (no excel)

It is known that The New York Times’ circulation is 731,500 print copies. You publish three advertisements in the NYT a week and run your campaign for 12 weeks. What are the total audience impressions (TAI) you can get over the period of 12 weeks?

6

Hayfever Farms is an 80‑acre hay farm in Colorado. Due to the legalization of marijuana production in the state, the owners are considering changing the farm's name to Blissful Acres and growing marijuana instead of hay. Use the information presented in the table to answer three questions. Number of acres MC $ MR $ (hay) MR $ (marijuana) 10 320 730 5,600 20 200 730 5,600 30 540 730 5,600 40 730 730 5,600 50 1,200 730 5,600 60 3,200 730 5,600 70 5,600 730 5,600 80 6,700 730 5,600 If they continue to grow only hay, how many acres should Hayfever Farms devote to growing hay in order to maximize profits? area devoted to hay:_______ acres   If the owners decide to only grow marijuana, how many acres should Blissful Acres devote to growing marijuana in order to maximize profits? area devoted to marijuana:_______ acres   Which outcome likely happens due to the legalization of marijuana production and consumption? The number of growers…

Each term (3 months) the current group of economics students completed a questionnaire as to how much they would spend on new purchases compared to how much they would save/pay off bills, if they suddenly and unexpectedly received a check for $1,000. The average MPC is shown in the table below. Month in which student poll was taken Average of students’ responses as MPC March 0.41 June 0.30 September 0.22 December 0.56   What do these MPC’s imply about the students’ thinking over the course of the year?   (Enter response here.)   What is likely happening in the economy during the same period of time?

Idk high errrt

A group of participants was surveyed and the information collected shown in the partially completed contingency table below regarding the site of skin cancer. Firstly, calculate the missing values. Melanoma Other Total Head U 43 X Trunk 52 V 98 Extremities 142 112 Y Total 229 W Z Now, using the completed contingency table, select the statements from the following list that are true. Note: a statement is true only if the value you calculated from the completed contingency table, when rounded to the same number of decimal places as in the statement, is the same as the value in the statement. 18.1% of skin cancers appear on the head 71.4% of skin cancers were melanomas or appeared on the head Given the skin cancer is something other than melanoma, the probability it is not on the extremities is 0.443 Of skin cancers appearing on the trunk, 46.9% are not melanomas

Company X is going to buy a total of 4 ads. They are going to advertise in the newspaper or on the radio. The more ads they buy the more customers they have based on the following schedule. Number of Ads Total new customers from newspaper ads Total new customers from radio ads 0 0 0 1 100 200 2 180 320 3 220 390 4 240 400   In this case, the best strategy is to buy newspaper ads and radio ads. Enter whole numbers.