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What are some of the opportunity costs of going to college? What are some of the opportunity costs a state should consider when deciding whether to widen a highway
An office receives 20 faxed orders every two hours. (1) What is the probability that it will receive 8 orders in the next hour (2) What is the probability that an order will be faxed within the next 9 minutes (3) What is the probabilit..
discuss both"the argument for relying on non profit organization for the public services For example:non profit organizations can provide public services better and more cheaply than state owned or private for profit organization and also they int..
Determine what should you do to maximize benefits with respect to values after you acquire a substitute product. Which values should you change more?
What is the own price elasticity of demand when Px = $354? Is demand elastic or inelastic at this price? What would happen to the firm's revenue if it decided to charge a price above $354?
Find the acceptable range of prices in terms of cars that 10 pianos will trade for. Show your work. Make sure your answer is clearly labeled
Fred is a salesman who can sell enough to generate $200,000/year worth of profit for his company. He earns only $110,000 in compensation. What is the value of his outside or next best alternative?
List four adjectives that you think best describe the painting Twilight in the Wilderness by Edwin Church (click the Twilight in the Wilderness link above to view the painting). Why was nature a theme of great interest to romanticist artists (keep..
matt christpher is a 25 year old mechanical engineering and his salary next year will be 60000.matt expects that his
the weights of a population of parts made by a certain machine are normally distributed with a mean of ten pounds and a
fancy gadgets inc. has developed a new thing-a-may-jig at a cost of 2000000. projected profits from the sale of
An investor seeks to create a portfolio from three types of securities: Treasury Bills (T), Corporate Paper (C), and Junk Bonds (J). The table lists the expected rates of return for the asset types and their average risk (on a 1-5 scale, where ‘5'..
During the last 5 years, there has been an increase in the amount food that people are growing in their gardens. Use marginal cost- benefit analysis and the concept of opportunity cost, explain what could have changed the choice.
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