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Staples has six special drafting pencils for sale, two of which are defective. A student buys two of these six drafting pencils, selected at random. Let the random variable X be the number of defective pencils. Construct the probability distribution for X
Suppose the factory Afro-Puffs Inc. produces wigs. As a by-product of this wig production, they also produce dangerous emissions of toxic gases (as a result of the strong glue used to hold the hair in place). The De-Lite car factory, down the road, e..
What would happen in the market for loanable funds if the government were to decrease the tax rate on interest income? Suppose you put $500 into a bank account today. Interest is paid annually and the annual interest rate is 8 percent. The future val..
Please decide whether each of the follow scenarios related to the loanable funds market will result in a shift in supply or a shift in demand. China decides to reduce its capital investment in the United States as it expects low returns do to a weak ..
Ref Adam Smith Wealth of Nations. first 3 chapters. How can I make SMITH'S concepts of exchange, self interest and divided labour apply to my college education?
An electricity industry contains two generating firms, one of which has marginal cost= $2.50 and the other of $1.50; the demand curve is Quantity=40-4*price. Quantities are in MWH and price are in $/Mwh. Very low production cost! Find cournot Equilib..
Why do you think that in todays commercial and capitalistic society the average consumer is living beyond their means and drowning in credit card debt?
What do you think it resulted in less standing in line by pregnant women. Do you suppose and women became pregnant in prder to cut into the long lines.
Review key elements which characterize and define health insurance. Assemble a 400 word brief which identifies two of the most important characteristics of health insurance and provide for each characteristic identified:
Using the Library, the Internet, and your course materials, briefly define and explain dynamic pricing. Select a company that uses (or has used) dynamic pricing and respond to the following questions
Representatives were to logroll (trade votes) to get their preferred policy to pass, what would be the result. What are the total benefits from each project.
Suppose that people expect the Fed to hit its inflation target. A: Calculate the optimal money growth rate needed for the Fed to hit its inflation target in the long run.
Instead, it lasted 4 years, and several workers were permitted to take it apart on their own time for gain, loss, or recaptured depreciation is there?
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