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Calls for dial-in connections to a computer center arrive at an average rate of four per minute. The calls follow a Poisson distribution. If a call arrives at the beginning of a one-minute interval, what is the probability that a second call will not arrive in the next 20 seconds?
What part of the change in consumption is due to the income effect and what part is due to the substitution effect - Draw the highest indifference curve that she can attain in red ink, and label the point that she chooses as A.
Below is a production function for a firm that turns two variable factors of production, capital k and labor l, into a single output y. Labor is freely variable in the short and long run. Capital is fixed in the short run, but can be varied in the lo..
The Row player and the Column player in the game below each have two pure strategies: SAFE or RISKY (call them S and R). Answer the following regarding this game. (a) Find all Nash equilibria to the game below.
Calculate the price elasticities of demand and indicate whether your result shows that demand is price inelastic, price elastic, or unitary elastic - determine exactly how many cookies Paco will eat every day, it is possible to determine the maxim..
How will output and inflation in both the short run and the long run be affected if the effects of the tax cuts are stronger on long-run aggregate supply than on aggregate demand?
What tool of monetary policy will the Federal Reserve use to increase the federal funds rate from 1% to 1.25% - If the Federal Reserve increases the required reserves, financial institutions will likely lend out
Using a prisoner's dilemma game such as the "wedding game." explain how a positional arms race can occur. In your answer be sure to explain positional arms races, the nature of the wedding game, etc.
Effects of wage stickiness and the shape of the aggrate supple curve,effect of expectations on aggragate demand. Phillips Curve, natiral rate of unemployment, expacted inflation , the relationshipe between AS-Ad and the Phillipe Curve.
What is the value of the total withdrawal (Savings + Taxes + Imports) when the economy is in equilibrium? Where I don't know the value for Savings
explain how the short-run phillip curve the long-run phillip curve the short-run aggregate supply curve the long-run
In recent years, the gov't has vastly reduced oil purchased from OPEC, and offset it by oil purchased from NAFTA partners, Canada and Mexico.Since the US is part of NAFTA too, is this oil really 'imported', or is it just moving from one place in NAFT..
the world bank is currently advising newly industrialized countries on how to encourage growth and they have asked for
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