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The average age of cars in a parking lot is 7. Suppose that the distribution of ages of cars is approximately normal with a standard deviation of 3. Find the % of cars that are between 5 and 8 years old
The 2007-2008 financial crisis, you might think, was an unpredictable one-time crash. How can we predict the next financial crisis?
You are the manager of a monopoly that sells a product to two groups of consumers in different parts of the country. Group 1’s elasticity of demand is -6, while group 2’s is -3. Your marginal cost of producing the product is $70. Determine your optim..
All of the following could immediately or eventually lead to an outward shift of a nation's production possibilities curve, EXCEPT:
"High salaries are essential if we are to have the most capable students pursuing medical careers" Comment- Why or why not?
A particular motor can provide a maximum of 110.0 N.m of torque. Assuming that all of this torque is used to accelerate a solid
q. suppose that the federal reserve lowers the required reserve ratio from 0.10 to 0.05. how does this affect the
From a policy point of view, does the evidence in Adults Adrift support a screening or or human capital model of education. How would the answer to this question affect any policy prescriptions you have? If schools are not sufficiently endowing human..
Organizations can adopt at least 7 different characteristics to create high performance work organizations (HPWOs). Which two characteristics do you think are the most important for organizations to adopt? How are those two characteristics similar in..
If the reserve ratio is 10 percent and a bank receives a new deposit of $800, which of the following will this bank most likely to do?
Suppose you take out a $11000 loan at 10% in year one and pay it off with a single payment in year two. If your tax rate is 40%, what is the change in net cash flow in year two?
How do fixed costs play a role in your analysis? What is the difference between shutting down and going out of business?
Recall the looser pay winner auction experiement done in class. Discuss how these experiments why bidders change their minds toward wanting to bid well above the value of the prize, even though they refused to do so at the beginning. Discuss how the ..
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