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An altered die has one dot on two faces, two dots on three faces, and three dots on one face. The die is to be tossed once. Let X be the number of dots on the upturned face.
(a) Find the distribution of X.
(b) Find the mean and standard deviation of X.
Select a country that interests you. For the country, research answers to the following questions:
Suppose that you have a job paying $70,000 per year. With a 5% probability, next year your wage will be reduced to $40,000 for the year. What is your expected income next year? Suppose that you could insure yourself against the risk of reduced consum..
A storm destroys half the fava bean crop. Is this event more likely to hurt fava bean farmers if the demand for fava beans is very elastic or very inelastic?
Find the present value of the ordinary annuity. Payments of $100 made monthly for 20 years at 5% compounded monthly.
What type of firms are more likely to offer lifetime employment or similar guarantees? Why? Explain briefly.
Why does government support patent process and why does government not encourages monopoly behaviour.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Germany and France produce guns and butter. Who has the comparative advantage in which good? You must show your work to get credit, e.g. by calculating the relative opportunity costs of guns in each economy. What is the range of exchange rates at whi..
what is the lowest amount of collateral that the bank should require to ensure that the firm will choose to proceed with the guaranteed project?
How can we get sustained growth in Solow model? Is it possible to achieve it by increasing saving? Or do we need something else? What is MPS in Solow model? What is MPC? Define investment per capita (in terms of capital per capita) in Solow context.
How much does the answer for Example 10.8 change if energy costs double? (Answer: Optimal thickness is 11 inches)
Jan purchased 100 shares of Peach Computer stock for $18 per share, plus a $45 brokerage commission. Every 6 months she received a dividend
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