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Textbooks / Business / Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) 10

Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) 10th Edition Solutions

Do I need to buy Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) | 10th Edition to pass the class?

ISBN: 9780134492513

Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) | 10th Edition - Solutions by Chapter

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Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) 10th Edition Student Assesment

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"If I knew then what I knew now I would not have bought the book. It was over priced and My professor only used it a few times."

Textbook: Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition)
Edition: 10
Author: James T. McClave; P. George Benson; Terry T Sincich
ISBN: 9780134492513

This expansive textbook survival guide covers the following chapters: 0. Since problems from 0 chapters in Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) have been answered, more than 200 students have viewed full step-by-step answer. The full step-by-step solution to problem in Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) were answered by , our top Business solution expert on 09/27/18, 09:50PM. Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition) was written by and is associated to the ISBN: 9780134492513. This textbook survival guide was created for the textbook: Statistics for Business and Economics, Student Value Edition Plus MyLab Statistics with Pearson eText -- Access Card Package (10th Edition), edition: 10.

Key Business Terms and definitions covered in this textbook
  • aggregate-supply curve

    a curve that shows the quantity of goods and services that firms choose to produce and sell at each price level

  • discouraged workers

    individuals who would like to work but have given up looking for a job

  • dominant strategy

    a strategy that is best for a player in a game regardless of the strategies chosen by the other players

  • economic profit

    total revenue minus total cost, including both explicit and implicit costs

  • economics

    the study of how society manages its scarce resources

  • fixed costs

    costs that do not vary with the quantity of output produced

  • law of demand

    the claim that, other things being equal, the quantity demanded of a good falls when the price of the good rises

  • marginal tax rate

    the amount that taxes increase from an additional dollar of income

  • Nash equilibrium

    a situation in which economic actors interacting with one another each choose their best strategy given the strategies that all the other actors have chosen

  • poverty line

    an absolute level of income set by the federal government for each family size below which a family is deemed to be in poverty

  • price elasticity of supply

    a measure of how much the quantity supplied of a good responds to a change in the price of that good, computed as the percentage change in quantity supplied divided by the percentage change in price

  • real GDP

    the production of goods and services valued at constant prices

  • screening

    an action taken by an uninformed party to induce an informed party to reveal information

  • screening

    an action taken by an uninformed party to induce an informed party to reveal information

  • substitution effect

    the change in consumption that results when a price change moves the consumer along a given indifference curve to a point with a new marginal rate of substitution

  • tax incidence

    the manner in which the burden of a tax is shared among participants in a market

  • trade policy

    a government policy that directly influences the quantity of goods and services that a country imports or exports

  • velocity of money

    the rate at which money changes hands

  • vertical equity

    the idea that taxpayers with a greater ability to pay taxes should pay larger amounts

  • welfare economics

    the study of how the allocation of resources affects economic well-being