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For borrowers with good credit scores, the mean debt for revolving and installment accounts is $15,015. Assume the standard deviation is $3540 and that debt amounts are normally distributed. a. What is the probability that the debt for a borrower with good credit is more than $18,000? b. What is the probability that the debt for a borrower with good credit is less than $10,000? c. What is the probability that the debt for a borrower with good credit is between $12,000 and $18,000? d. What is the probability that the debt for a borrower with good credit is no more than $14,000?
A monopolist faces a demand given by p = 40 – 4y . Its cost function is c ( ) = 2 + 4 y . a) What is the optimal level of output for a monopolist? b) What is a monopolist price? c) What is the total profit (or loss)?
How does this alter the isocost and isoquant graph? Given these forecasts, where should you expand production?
what will happen to the value of the dollar? Use the demand-supply model of the dollar to explain.
q1. assume demand take the form q 36p-1.a. show that the price elasticity of demand is constant and equal to -1.b.
Using your knowledge of the biological dynamics of a fish population, develop a thorough and well-organized essay explaining the relationship between the biological growth of a stock of fish, the optimal economic outcome, and the challenge of attaini..
What must the CFO have expected about the value of the British pound in $ today to believe that investment in British CD's was more profitable than investment in US CD's last July?
determine the amount at time 0(now) equivalent to the cost of owning and operating the machine for the next five year period. It is anticipated that the machine can be sold for $1000 at the end of the five year period. Use an interest rate of 10%.
Compute the price of a bundle containing 100 units of good X, 150 units of good Y, and 25 units of good Z.
Are innovators always bad or criminals? Can you think of any examples in which people accepted societal goals, rejected the means, and came up with their own legal and creative way of achieving the goals? Please explain.
A company has to decide weather to lease or buy a crane for 20 Years, please calculate both seperatly and show which one is the better option.
With the passage of the Affordable Care Act the U.S. government requires that everyone have some form of health insurance. One of the provisions of the law is that firms with more than 50 full-time workers must provide health insurance to those worke..
Currently a firm pays 10% of each employee’s salary into a retirement account, regardless of whether the employee also contributes to the account. Some people at the firm think this change will lead employees to save more and therefore to be able to ..
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