Let p1 be the proportion of American adults that were cigarette smokers in 2001
Let p2 be the proportion of American adults that were cigarette smokers in 1983
h0= p1= p2 (The null hypothesis assumes that there is no difference in the proportion of American adults that were cigarette smokers in 2001 and 1983.
ha= p1 < p2 (The alternative hypothesis assumes that the proportion of American adults that were cigarette smokers in 1983 is higher than those in 2001.)
Answer:
A negative consequence of the power he holds is that his company: Apple, has become the largest company in its market sector: consumer electronics.
For that reason, Steve Jobs has what in economics is known as market power: the ability to set prices above marginal cost, or in other words, the ability to set prices that are higher than necessary for the customer.
This amount of market power reduces the overall benefit for society, and society would be better off if more competitors entered the market to compete with Apple.
Lakesha should ask about and compare interest rates between using credit or financing. These influence total price.
Answer: A. Farmer Owens would pay Maude between $3,000 and $5,000 to maintain the hives.
Explanation:
Coarse bargaining refers to a scenario where parties involved in a conflict over property rights can reach an efficient agreement that would reflect the costs and values of the property in question.
In this scenario, Farmer Owens is making a benefit of $5,000. Owens would therefore be willing to pay a maximum of $5,000 for the benefit and no more.
Maude spends $3,000 on the hives which means that she needs a minimum of $3,000 to cover those costs.
They should therefore reach an agreement where Farmer Owens would pay between $3,000 and $5,000 to Maude so that she can maintain the hives.