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The back room at Bear's Place has 10 tables. Each one seats 4 people. On a night when all the seats are filled, 2 prizes are given away at random to 2 different people. Determine the probability that both prizes go to people sitting at the same table.
International portfolio diversification has been discussed with enthusiasm among portfolio managers but failed to discuss why the international portfolio investments is rated below domestic portfolio diversification. Discuss how the Gravity model and..
(a) List and explain any three deductions that may be available against gains or profits from employment. (b) Mr. Matata has approached you with a view to obtaining help in determining his taxable income for 2005. He has supplied the following inf..
If the supply curve for aspirin is perfectly elastic, then a reduction in demand will cause the equilibrium price to:
Introduce and explain the concept of social welfare - define and describe the laws of demand and supply
Compute the amount of taxes at natural GDP. Compute the N.E.D (Natural Employment Deficit/Surplus). Express as a percentage of the natural GDP (YN). Policymakers decide to reduce the size of the N.E.D (natural deficit) by 8% of the natural GDP. What ..
A monopolist has an inverse demand curve given by p(y)=12-y and marginal cost is 2y. What will be its profit-maximizing level of output? Suppose the government decides to put a tax on this monopolist so that for each unit it sells it has to pay the g..
The costs of in?ation: Consider two possible in?ation scenarios. In one, the in?ation rate is 100% per year, but it has been at this level for three decades and the central bank says it will keep it there forever. In the other, the in?ation rate was ..
As a professional tennis player, an individual earns $300,000 per year. If employed as a model, the next-best option, this person would earn $120,000 per year. What is this tennis player's economic rent (profit)?
Is a particular team studying more than the other, or they are about the same?
Holding other factors constant, if 3D-printing technology allows factory workers to manufacture more products per hour, then the real wages of factory workers will ______ and employment of factory workers will _____. An increase in the demand for chi..
Bank modernization legislation changed what financial institutions are able to do on an individual basis. Much of their traditional role has remained unchanged, just transformed by their expanded services. Explain the traditional roles of financial i..
Based on this interval, what is the town officials' decision regarding administrative action against fraudulent tax filing?
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