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Question: Even though we distinguish between continuous and discrete uncertain quantities, in reality everything is discrete if only because of limitations inherent in our measuring devices. For example, we can only measure time or distance to a certain level of precision. Why, then, do we make the distinction between continuous and discrete uncertain quantities? What value is there in using continuous uncertain quantities in a decision model?
Calculate the equilibrium level of income and indicate it in a graph
Determine the equilibrium level of output in the market and determine the equilibrium market price.
All firms in the industry have identical technology and face the same cost curve: C(Q) = 500 + 10Q + 0.5Q2 . There are 10 firms in the industry.
Do you think that Wal-Mart.com is likely to create additional value"? Should Wal-Mart have pursued e-commerce more aggressively sooner?
A simple random sample of size n = 210 is drawn from a population. The sample mean is found to be overbear above x = 20.1, and the sample standard deviation is found to be s= 3.2. Construct a 90 percent confidence interval for the population mean.
A city government in Arizona is considering a new waste disposal system. Both projects have a 15 year life with no salvage value. At the end of the 15 years the city will re-evaluate the success of their assessed $100,000 per year to cover the new sy..
In deriving LM curves, holding the real money supply constant while raising real GDP causes us to
Difference in FDI inflows into the two countries
What form of price discrimination does your company use? Comment on whether you believe this is the best pricing structure for the company. What other strategies might managers employ to maximize profit?
Suppose that the level of capital in the economy is 200 units, the depreciation rate is 10%, and the level of investment is equal to 10 units. In this case:
ohn and dave value national defense differently. johns demand for the public good is p 50 - .20q. daves demand for the
A dapper young decision maker has just purchased a new suit for $200. On the way out the door, the decision maker considers taking an umbrella.
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