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Question: Even though we distinguish between continuous and discrete uncertain quantities, in reality everything is discrete if only because of limitations inherent in our measuring devices. For example, we can only measure time or distance to a certain level of precision. Why, then, do we make the distinction between continuous and discrete uncertain quantities? What value is there in using continuous uncertain quantities in a decision model?
In the 1992 presidential elections, Ross Perot was speaking of NAFTA, which both of the other candidates (George H.W. Bush and Bill Clinton) supported. He made the statement about NAFTA ‘that giant sucking sound you hear will be your jobs being se..
within the discussion board area write 400-600 words that respond to the following questions with your thoughts ideas
what is meant by inflation? write down the causes of inflation? is inflation desirable and what can be done to control
Refer to Example. Would the pump recommendation change if the cost of electricity was $0.15 per kWh? What if the pumps were only required for 3,000 operating.
The quote from the 2004 Economic Report of the President at the beginning of the chapter generated a lot of controversy that year, as discussed at the beginning
1. question is based on the table below showing the marginal utilities of good x and good ybased on the table above and
Using the concepts of demand and supply analyse the change in the trend of healthy drinking for fizzy & healthy drinks.
Globalization Visit your local grocery store and make a list of at least 10 products that reflect globalization. Create a poster illustrating these products.
Are prices an accurate measure of good's total value are prices an accurate measure of a good's marginal value what's the difference can you think of a good that has high total value but low marginal value use this concept to explain why professi..
Object of economic analysis is not merely to discover the truth but also to assist in the solution of concrete problem. comment
proper health and nutrition is of critical importance to the growth and development of young children yet many american
If the ABC company owns the exclusive rights to mine land in Afghanistan for Lapis Lazuli, a rare stone used in jewelry which is found only in Afghanistan, the company benefits from a barrier to entry.
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