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A laser printer in a large firm operates properly 59% of the time. A random sample of five jobs is taken. What is the probability that the printer operates properly more than three times?
Discuss the behavioral issues involved in Merit Inc.'s standard cost dilemma. Evaluate each of the three responses (pros and cons) and recommend a course of action.
What is the 95% confidence interval for the amount of time spent on personal issues?
Draw Bob's budget constraint (put skinny ties on the horizontal axis). Bob’s preferences lead him to choose a combination of 4 DVDs and 30 skinny ties. Draw the indifference curve that leads him to this choice. What is his marginal rate of substituti..
Trading in foreign currencies has an effect on world trade. For example, a rise in the value of the local currency due to daily flows vis-à-vis other currencies makes exports: Positive CoO (country-of-origin) effects might best be associated with:
From Henry Hazlitt’s Economics in One Lesson Explain how the lesson applies in the following instances. Include at least one policy argument in favor of the policy and one counter-argument:
Calculate the total expected utility from each restaurant option and compare. Graph is not required. Describe your answer, and show your calculations.
You are suffering from insomnia so decide to watch late night TV. You see the movie Wall Street where actor Charlie Sheen plays the part of a rogue broker who steals confidential information about possible merger targets and then buys and sells share..
1) Why is it possible to change real economic factors in the short run simply by printing and distributing more money? 2) Explain why a stable 5% inflation rate can be preferable to one that averages 4% but varies between 1-7% regularly.
Find an article (newspaper, magazine, or online) talking about any of the core issues or scarcity resources of economics. Use an article to answer the questions: What core issues or resources does the article talk about?
Stores need not accept your check but must accept currency because
What are the advantages and disadvantages of a global market? Discuss some of your own experiences with e-commerce.
Illustrate what happens to inflation is indeterminate; it could be either higher or lower than in the standard model.
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