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Question: Before making an unsecured loan to an individual a bank orders a report on the applicant's credit history. To justify making the loan, the bank must find the applicant's credit record to be satisfactory. Describe the bank's decision. What are the bank's objectives? What risk does the bank face? What role does the credit report play? Using PrecisionTree, create an influence diagram of this situation. (Your influence diagram should include chance nodes for a credit report and for eventual default. Also, PrecisionTree can convert influence diagrams into decision tress and this can be helpful in checking your work for instructions on conversion.) Finally, be sure to specify everything (decisions, chance events, objectives) in your model clearly enough to pass the clarity test.
What is average productivity? What is marginal productivity? Explain the relationship between average and marginal productivity. What would happen to average and marginal productivity if a technological innovation were introduced to the production..
Write the expression for indifference curve when Ann gets utility level 40. And along the indifference curve you found, calculate out the numbers of consumption of X when Y=4.
aggregate demand involves the purchasing actions taken by consumers businesses governments and the spending by u.s. and
explain a production possibility curve. differentiate between points on the curve points outside the curve and points
a. Profits earned by Ford Motor Company in 2012 on automobile production in Ireland
Which stages of economic growth are distinguished by Rostow and what are their main characteristics? What are the potential advantages of backwardness?
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explain how a market economy compensates for a market surplus. what about a market shortage? why is price driven toward
Critically evaluate measures used by governments and central banks to manage the economies of their countries. By criticalevaluation use convincing arguments for or against measures used to reduce, minimise or alleviate economic difficultiesmany coun..
Suppose you are considering the demand for apples and the demand for all fruit. Holding everything else constant, the demand for apples will be More elastic than the demand for all fruit
One of United's biggest customer has placed a very large, heavy order. Its warehouse is in a location served by all transport modes, and the customer has directed United to ship the order by the mode with the lowest transport costs. In this situat..
The purpose of this assignment is to provide you with the opportunity to describe the role and function you envision for yourself as a counselor
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