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At one college, GPA's are normally distributed with a mean of 2.7 and a standard deviation of 0.5. What percentage of students at the college have a GPA between 2.2 and 3.2?
Which type of traveler will bear the larger burden of the tax? Briefly explain your reasoning.
A distinction is made between a “classical cycle” and a “growth cycle”. What is the difference between the two? Would you expect the extent of any increase in the unemployment rate to be different as we go from the peak to the trough of a “classical ..
In the five years ending 2011, Switzerland enjoyed a fiscal surplus that averaged 1.3% of GDP, a trade surplus that averaged 2.6% of GDP, and a government debt to GDP ratio that averaged 40%. Use the appropriate graphs for a small open economy to ill..
Average tax rate is. If Social Security were considered part of the general budget then, Critics of food stamps argue that low income should be given cash payments rather than food vouchers. What are their arguments?
Two alternative designs are under consideration for a tapered fastening pin. The fastening pins are sold for $0.70 each. Either design will serve equally well and will involve the same material and manufacturing cost except for the lathe and drill op..
Suppose an economy uses gold as commodity money. Consider the market for gold with the following Demand for Gold as Money: GD;M = 80 – 1/4*V Demand for Gold for Nonmonetary use: GD;NM = 15 – 1/4*V Supply of gold: GS = 35 + 1/2*V where V is the price ..
Calculate equilibrium level of income in goods market if i=10 also calculate equilibrium level of income in money market if i=10.
Consider the market for peanut butter. If there is an increase in the price of bread ( a complement for peanut butter) along with a drought in peanut growing areas, the
Chloe loves fashion and her scarf and hat must always match. Therefore she views scarves and hats as one to one complements U = min {S,H}. Graph Chloe's indifference curves for scarves and hats.
What are some obstacles your firm might face with production in another country - What impact would that have on your firm?
What is the best way to resolve structural unemployment example: (unemployed coal miners in West Virginia). Discuss both a solution and a way to fund.
Is the business worth pursuing so far? What market structure have you entered, and why? What can you do to guarantee success in this market? What pricing strategy might you use?
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