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According to the Polk Company, a survey of households using the Internet in buying or leasing cars reported that 81% were seeking information about prices. In addition, 44% were seeking information about products offered. Suppose 75 randomly selected households who are using the Internet in buying or leasing cars are contacted.
(a) What is the expected number of households who are seeking price information?.
(b) What is the expected number of households who are seeking information about products offered?
(c) What is the probability that 67 or more households are seeking information about prices?
(d) What is the probability that fewer than 23 households are seeking information about products offered?
When the Fed announced it did not except to raise its benchmark interest rate until 2015 it was referring to the
This question focuses on an oligopoly and its reliance on economies of scale.
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q.alices utility is given by x as well as y are goods as well as l is the amount of hours that alice works. alice can
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Consider a firm with a production function F(l, k) = l^{\frac{3}{4}} k^{\frac{1}{4}} , who faces input prices w = 2 and v = 54. Find the long run cost total cost when q=540. Find the short run cost total cost when q=540 and k is fixed at 16. Find the..
If economy is operating at full employment and exchange rate increases explain why Federal Reserve will be less inclined to raise interest rate.
Suppose that ABC Company purchased $10000 of machinery 3 years ago. The machinery is 5-year MACRS property. The firm is selling this equipment today for $5000. What is the aftertax cash flow from this sale if the tax rate is 30%? After-tax cash flow ..
A perpetuity pays $170 per year and interest rates are 6.7 percent. How much would its value change if interest rates increased to 9.2 percent?
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