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The steel end-cap is fitted into grooves cut in the timber post. The working stresses for the post are 1:8 MPa in shear parallel to the grain and 5:5 MPa in bearing perpendicular to the grain. Determine the smallest safe dimensions a and b.
Recently, a university surveyed recent graduates of the English Department for their starting salaries. Four hundred graduates returned the survey. The average salary was $25,000 with a standard deviation of $2,500. What is the best point estimate..
A monopolist's inverse demand function is P = 150 - 3Q. The company produces output at two facilities; the marginal cost of producing at facility 1 is MC1(Q1) = 6Q1, and the marginal cost of producing at facility 2 is MC2(Q2) = 2Q2. Provide the eq..
The government of Micronia finances its purchases of goods and services with what type of revenue?
estimate x, the point on the other side of the river where the power line comes out of the river, if the total cost of the power line is to be as small as possible (a sketch of the grap-or a table may be useful)
Suppose that the government purchases goods each year and pays for these purchases using taxes on income. The government runs a balanced budget in each period and the tax rate on income is t = 0.5. Repeat Part (a) and compare your results.
Comparing their combined output with the output when the MC of each firm is $6, explain why the totals differ.
Suppose that population increases led to an increase in labor supply (a rightward shift) of 5 thousand professors. What are the equilibrium wage and employment level in this market Why is the increase in employment less than 5 thousand
Consider a closed economy to which the Keynesian-cross analysis applies. Consumption is given by the equation C = 200 + 2/3(Y - T). Planned investment is 300, as are government spending and taxes.
Explain the rationale for the rebate policy. What problem is the policy trying to solve? (Related to Application 6 on page 632.)
what is the price elasticity of the demand for tickets
think of one situation in which the Government is actively involved with the purpose of changing an outcome in the appropriate market. Do you agree that the Government should be involved? Why or why not?
A) Only eight acres of land are uncontaminated (with trees) b) We have a six months' supply of food, including 100 pounds of dried corn, 3 pounds of dried onions, 2 pounds of dried pumpkin seed. C) A fresh flowing spring of water exists. D) A two a..
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