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A building contractor buys 70?% of his cement from supplier A and 30?% from supplier B. A total of 85?% of the bags from A arrive? undamaged, and a total of 95?% of the bags from B arrive undamaged. Find the probability that a damaged bag is from supplier B.
Please provide a full explanation to get the answer.
Elucidate how each of the following people would talk about scarcity and trade-offs. The President of the United States and the leader of a developing nation.
An economy needs 400 bn. Spending to close the recessionary gap, multiplier is 4; what should be the increase in spending on the part of the of the government?
You may want to clarify the thesis topic, highlight the assumptions made, the biases of the author etc and provide a brief summary of the argument and the supporting evidence.
Ryan has $200 per week to spend on gas and food. The price of gas is $4/gallon and the price of food is $2 unit. What is the opportunity cost of an additional unit of food in terms of gallons of gas? What is the opportunity cost of a gallon of gas in..
Assume that Janet Yellen (chair of the US Fed Reserve) decides to reduce the US money supply (i.e., contractionary monetary policy). Using the concept of money market equilibrium, explain what will happen to interest rates and prices in the U.S. in t..
q.the following graph shows the demand as well as curve d of a home country facing the foreign monopoly supplier of a
Explain how buyers’ willingness to pay, consumer surplus, and the demand curve are related. Explain how sellers' costs, producer surplus, and the supply curve are related.
Are you for or against free trade? Are you for or against NAFTA? What is the economic basis for trade? Explain the underlying facts that support free trade and give an example of a good that you purchased recently that is based on resource difference..
Family F has an income of $1000 per month, and currently spends $400 monthly on food. Assume that the initial price of a unit of food is $1, and initial price of a unit of "all other goods" is also $1. Darw a budget line and indifference curve, given..
Consider the following information on Alfred’s demand for visits per year to his health clinic, if his health insurance does not cover (100 percent coinsurance) clinic visits. a. Alfred has been paying $25 per visit. How many visits does he make per ..
Explain why the Aggregate Supply curve becomes increasingly steeply sloped at levels of RGDP near "full employment" and becomes especially steeply sloped beyond "full employment" RGDP. Why might the rate at which the Aggregate Supply curve shifts ver..
Guest Corporation issued (sold) 1,000 shares of its no par common stock for $110 per share. The bylaws established a stated value of $100 per share. The transaction is recorded as an increase in contributed capital of a. $ 100,000. b. $ 110,000. c. $..
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