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The lifetime of traditional light bulbs measured in hours is known to be normally distributed with μ=100 and σ=20. What is the probability that a randomly selected traditional light bulb will have a lifetime of 85 hours or longer?
q1. why do economists attempting to forecast short run future changes in real gdp and employment look closely at data
The evidence shows that, over the last 25 years, spending on research and development in the rich countries has
You are asked to conduct a five-year (Year 0 to Year 4) economic feasibility study. Based on project schedule, you conclude that the system will not be in operation during the current year (Year 0). New computer costs $11,000 and the development cost..
The manager of an Electronic Corporation has estimated the total fixed and the total variable cost function for producing a particular type of camera to be: TVC = 60Q + 12Q2 TF = $1200 If the Corporation sells the cameras at a price of $60 each, how ..
What is the cross elasticity of demand for pipes and pipe tobacco.
For this discussion, think about where you work or a business you have a significant amount of knowledge about. What is a common product that the business sells? What are the main costs the business has to incur in order to be able to sell that produ..
A downward sloping demand curve tells us
Suppose we now care about the long run decisions of a firm that has a production function of the form q = 4L^1/2 + K. Assume that, at the beginning when w0 = 1 and r = 0.5, the firm chose to produce q0 = 20 units of output. Then, the wage increased t..
measured in thousands of units and price (P) is measured in dollars per unit. The equilibrium quantity in this market it.
Explain how does a rise in the unemployment rate affect your chances of finding a job which would match your qualifications as a college graduate.
the average price level is $4 per unit also the quantity of money. Illustrate what happens to velocity if the average price level falls to $2 per unit, the money delivery is $2000 also real GDP is 4,000 units.
Please explain how the value is created using marketing and supply chain strategies by the dealer/retailer in this supply chain, Lowe's Companies.
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