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Out of the students in a class, 60% are geniuses, 70% love chocolate, and 40% fall into both categories. Determine the probability that a randomly selected student is neither a genius nor a chocolate lover.
What are some possible explanations of the paradox? How can human capital contribute to the explanation of the paradox?
A student taking economics, statistics, and finance has decided to spend 9 hours per week studying. The objective is to maximize the average grade, which means maximizing the total grade in the three courses.
Calculate measured employment and unemployment and the measured labor force for each economy. Calculate the measured unemployment rate and participation rate for each economy. In which economy is measured GDP higher?
Is the "immigration issue" one of demographics? Evaluate the chances of a "comprehensive immigration policy" turning away from racial and ethnic quota towards "opportunities not burdens."
Formulate the maximization problem of producers of machines.
calculate the exact elasticity of demand in the following examples: Then tell if, in each case, demand is elastic, inelastic, or unitary elastic. (a) When the price of a deluxe car wash rises from $10.00 to $11.00, the number of daily customers fa..
What is the long-run cost and long-run average to produce 120 units 180 units 240 units are there economies the output range 120 to 180 are there diseconomies between 180 and 240 Q L K 120 4 20 180 6 ..
Natural resources and international trade? What is the status of the H-O theory today?
Your answer should demonstrate that the prices that are used to calculate real GDP do affect the calculated growth rate, but typically not by very much.
A table saw costs $175 at a local store. You may either pay cash for it or pay $35 now and $12.64 a month for 12 months beginning 30 days hence. If you choose the time payment plan, what nominal annual interest rate will you be charged
A bank recently announced an "instant cash" plan for holders ofits bank credit cards. A cardholder may receive cash from thebank up to a preset limit (about $500). There is a specialcharge of 4% made at the time the "instant cash" is sent
A widget production machine can be purchased and installed for $100,000. It is in the seven-year GDS property class, and is expected to be kept in service for eight years. It is believed that $7,500 can be obtained.
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