Even a top baseball player will strike out on an easy pitch. When this happens, his next action may be to throw his bat or kick the water cooler as hard as he can.

23. public and private investment in infrastructure include all of the following except a) worker knowledge and skill development b) telecommunication systems, internet provider systems, and power distribution systems c) highways, transit systems, airports, harbors, and educational facilities d) fire departments, police departments, and public safety systems e) water systems, wastewater treatment systems, and navigational systems

How can firms use marginal analysis to determine the price of a product? a) profit maximization can occur when the marginal cost exceeds the marginal revenue. b) the total cost of production can determine the individual unit price of a product. c) marginal analysis can be used to determine at what price profit maximization occurs. d) firms can calculate the marginal cost of a product and set the price lower than the cost.

The probability of committing a type i error is equal to which of the following? significance level, α type i error type ii error p-value alternative hypothesis