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Suppose that X and Y are jointly continuous with joint probability density function.
2e-(x+2y), for x>0, y>0
f(x,y)=
0, else.
Show that X and Y are independent random variables and provide their marginal distributions.
The United States has accrued a public debt of over $19 trillion over the course of its history, which is equivalent to slightly more than the annual nominal GDP of the nation. Come up with and explain at least two ideas in terms of how to reduce the..
The production function for Hamburger Heaven (HH) is q=10KL. Given that the marignal product of labor, MPL = 10K, marginal product of capital, MPK = 10L, and marginal rate of technical substitution (MRTS = MPL MPK ). How much labor HH should employ t..
A university spent $1.8 million to install solar panels atop a parking garage. These panels will have a capacity of 500kw, have a life expectancy of 20 years and suppose the discount rate is 10%. If efficient systems operate for 2400 hours per year, ..
Instead, it lasted 4 years, and several workers were permitted to take it apart on their own time for gain, loss, or recaptured depreciation is there?
Assume that three years ago, you purchased a corporate bond that pays 5.50 percent. The purchase price was $1,000. Also assume that three years after your bond investment, comparable bonds are paying 6.00 percent. What is the annual dollar amount of ..
Derive the Iso-quant curve for this firm. Derive the Expansion path for the firm if w=1 and r=3. Derive the long run cost function if w=1 and r=3. What is the optimal capital and labor if you want to produce 500 units of output?
Which of the following facts is NOT true? Business cycles are unpredictable. As output falls, inflation increases. Business cycles come at irregular intervals. As output increases, cyclical unemployment decreases
During the 1970s the postwar baby boomers reached working age, and it became more acceptable for married women with children to work. predict how this increase in the number of working is likely to affect the equilibrium wage and quantity of emplo..
The language of price controls Suppose that, in a competitive market without government regulations, the equilibrium price of hamburgers is $7 each. Complete the following table by indicating whether each of the statements is an example of a price ce..
Beetle infestation decimates tobacco crop. Market: cigars. which curve (s) shifted, explain why it shifted (factor), in which direction (right or left), and what is the resulting equilibrium price and quantity in comparison to the beginning price and..
Suppose the price of bippitybops is currently $120 per bippitybop, shown as point A on the initial graph. Because the price elasticity of demand between points A and B isinelastic , a $15-per-bippitybop decrease in price will lead to NO CHANGE? in to..
How does capital (physical) investment affect the marginal physical product of labor?
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