If you decide to buy one of these tvs, what statistic is most relevant, other than the measures of central tendency? choose the best answer below.

a. the lowest price is a relevant statistic for someone planning to buy one of the tvs.

b. the highest price is a relevant statistic for someone planning to buy one of the tvs.

c. the difference between the lowest price and the highest price is a relevant statistic for someone planning to buy one of the tvs.

d. the price that occurs least frequently is a relevant statistic for someone planning to buy one of the tv

Consider a small island country whose only industry is weaving. the following table shows information about the small economy in two different years. complete the table by calculating physical capital per worker as well as labor productivity. hint: recall that productivity is defined as the amount of goods and services a worker can produce per hour. in this problem, measure productivity as the quantity of goods per hour of labor. year physical capital labor force physical capital per worker labor hours output labor productivity (looms) (workers) (looms) (hours) (garments) (garments per hour of labor) 2024 160 40 1,800 14,400 2025 180 60 3,900 23,400

Later movers do not face: entrenched competitors. reduced uncertainty over technologies. high growth markets. lower market uncertainty.

Which of the statements best describes why the aggregate demand curve is downward sloping? an increase in the aggregate price level causes consumer and investment spending to fall, because consumer purchasing power decreases and money demand increases. as the aggregate price level increases, consumer expectations about the future change. as the aggregate price level decreases, the stock of existing physical capital increases. as a good's price increases, holding all else constant, the good's quantity demanded decreases.