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Wear ever tires have a track record of lasting 56,000 miles on average, with a standard deviation of 8,000 miles, and a normal distribution.
1. What is the chance that a given tire wills last 50,000 miles?
2. What is the chance that all four Wear ever tires on my car will last 50,000 miles?
Describe why some firms might suffer diseconomies of scale. Do you know any examples? Could GM be an example of diseconomies of scale?
Suppose the cross-price elasticity of demand between goods X and Y is -5. How much would the price of good Y have to change in order to increase the consumption of good X by 50 percent?
in a closed economy....c 500 0.75y-t 2i 375 - 25r 3t 500 4g 500 5msmd 6ms 1000 7mdp lry 0.5y - 50rcalculate the
If the interest group theory applies to hospitals, explain why does not it also apply to nursing homes? Would a doctor owned, for profit hospital be as attractive to physicians as a nonprofit hospital?
two positive externalities and two negative externalities the copy center is associated with in society. select a
You decided to open a restaurant, named FunMeal. FunMeal is a fast food restaurant with a very limited menu. What is FunMeals elasticity of demand? Is demand elasticity, inelastic, or neither?
within the discussion board area write 200-400 words that respond to the following questions with your thoughts ideas
Topics to elaborate: Economy (Economy stability/Managing economy resources effectively/Unemployment/Good control system):
What role do proper rights play in creating common property resources Why are common property resources subject to market failure due to non excludability a. What two properties characterize public goods
Having a little trouble setting this problem up. Would appreciate the detailed set up and solution. A production function has 2 inputs - labor and capital. Both are perfect substitutes. Existing technology permits 1 machine to do work of 3 workers..
Output maximisation and cost minimisation
what is the opportunity cost of investing in capital do you think a country can overinvest in capital what is the opportunity cost of investing in human capital do you think a country can overinvest in human capital
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