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A manufacturing plant uses a specific bulk product. The amount of product used in one day can be modeled by an exponential distribution with β = 4 (measurements in tons). Find the probability that the plant will use more than 4 tons on a given day.
A city government is considering increasing the capacity of the current waste-water treatment plant. the estimnated financial data for the project are as follows: Calculate the benefit-cost ratio for this capacity expansion project.
Provide a detailed description of the issues that you have researched - Analyze the most significant economic effects of the researched issues on healthcare industry.
Another group of economists, those who hold to the quantity theory of money, believe that V (the velocity of money) is predictable and otherwise unchangeable and that Q (the quantity of goods and services produced) is steady. Is their view of the eco..
Alfred chan decided to buy an old duplex as an investment. After looking for several months, he found a desirable duplex that could be bought for $300,000 cash. He decided that he would rent bought sides of the duplex, and determined that the tota..
two firms compete in the emerging market for energy drinkscold medicine hybrids that feature caffine alcohol and cough
If nominal wages and productivity increase by the same amount throughout the macroeconomy, would you expect aggregate supply to increase, decrease, or stay the same What if productivity increases more than nominal wages
Economies of scale and diseconomies of scale, what do these terms mean, when do they occur and how do they differ? Can you provide an example of economies and scale and dis-economies of scale.
Two similar farms could have the same return to management but different net farm income due to:
Suppose that you desire to get a lump sum payment of $100,000 two years from now. Rounded to full dollars, how many current dollars will you have to invest today at a 10 percent interest to accomplish your goal?
a statewide sample survey is to be made. first, the state is subdivided into countries. Seven countries are selected at random and further sampling is concentrated on these seven countries.
Assume a firm has the following total cost function TC = 10Q2- 25Q + 150- Specify the bounds of output and price for the function.
What effect does the tax on a good have on buyers and sellers of the good?
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