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The weight of a pumpkin is normally distributed with a mean of 10 kilograms and a standard deviation of 2.0 kilograms. There is a 75.17% chance that we would find a pumpkin that weighs more than what?
In 2000, in Country A, the average family net worth was $410,000, and there was about 6.1 x 10^7 families. Calculate the total family net worth Country A in 2000. Country A's
Twenty farmers, in a society with 100 people, would collectively gain $100,000 from a farm subsidy. All 100 people would pay the $300,000 cost of the subsidy program. Are the
As a car ages, maintenance costs usually increase. you estimate that maintenance costs for you car will be $300 a year for the first 3 years, $400 a year for the next 3 years,
Two identical firms, Firm 1 and Firm 2, compete in quantity in a market where inverse demand is P(Q) = 100 − Q and there exists a constant marginal cost of 20 per unit. Find t
Consider a cod fishery. Suppose the growth function for cod is g(S) = 0.4 S (1 – S/1000), where S is the stock of cod in the fishery (measured in metric tons). Marginal growth
A student spends all of her income on pizza and books. When pizzas cost $3 each and books cost $10 each, she consumed 30 pizzas and 3 books per month. The price of pizzas fell
Assume that the marginal propensity to consume is 0.90 and autonomous consumption expenditures equal $100 billion. Further, assume that planned investment spending is $300 bil
What is the price and output this monopoly would produce at if unregulated. What is the socially optimal price and output for this monopoly? What is the fair return price and
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