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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?
What are the effects of taxes on price level? Why? In your opinion, do taxes lead to efficiency or inefficiency? How does a free market eliminate a surplus?
Draw the complete intertemporal consumption-savings model, and label completely and correctly. You may choose whether your consumer is a borrower or a lender, but state your choice.
Suppose trevor hires workers to cook hamburgers. If the first worker's marginal product is 6 hamburgers, the second worker's marginal product is 21, and the third worker's marginal product is 20, then the average product of labor is _____ hamburgers.
The USPS operates a network of more than 31,000 post offices. The majority of these post offices do not generate revenues sufficiently high in relation to costs to justify keeping them in operation. If the USPS were truly a private firm, many of thes..
Use a supply and demand diagram to show how that response will change the combined amount of consumer surplus and producer surplus in the market for cashews. Given the initial equilibrium price P1 and quantity Q1, use the shader tool provided 'Initia..
What does the price elasticity of demand, substitutability, Monopoly have to do with the high and rising costs of Academic textbooks and medical care? Why might the presence of medical insurance cause consumers to use more medical care than necessary..
What are the advantages of letting immigrants into America, and letting them stay and create a life for themselves and their families?
Government often grows to meet the demands of the citizenry and so does the costs associated with that growth. Identify an example of growth that was necessary and provide reasons why. Explain why such expansions are needed to meet the needs of socie..
Suppose Mary’s utility function for two goods X and Y is given by: U(X,Y) = 3X1/2 Y1/2. In Addition, Suppose consumption bundle A consists of 10 units of X and 10 units of Y, and consumption bundle B consists of 20 units of X and 5 units of Y.
In physiology, we use the term "sink" to describe a structure responsible for the removal of some substance. So for instance, because the kidneys
Dewey Cheatham is the new Vice President of Marketing for a large online search engine company, Pottstown Innovative Enterprises (AKA, PIE). Dewey has been doing some research into how he can increase the Company’s revenues and thereby really impress..
q.assume a consumer has 600 to spend on two goods good x as well as good y. the cost of good x is given by px 20. the
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