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On a clear, calm Monday evening (January 18, 1999), a tanker truck carrying 22 tons of liquid anhydrous ammonia rolled over as it was making a sharp turn outside the Farmland Industries chemical plant in Pollock, Louisiana. The liquid ammonia escaped through a valve. Assume that it formed a 2500-m2 pool and turned into gas as it went into the air. Estimate the concentration of ammonia vapor 500 m from the accident. Is the concentration dangerous to the workers in the plant? The wind speed during the period was nominal (3 m/s).
I have a theory that if you ask participants to sort one-sentence characteristics of people (e.g., "I eat too fast") into five piles ranging from not at all like me to very much like me, the percentage of items placed in each pile will be approxim..
Also suppose that in 1984 each bucket of chicken was priced at $10.00. Finally, assume in 2005 the price per chicken was $16.00 and 22,000 buckets were produced. Determine the GDP price index for 1984, using 2005 as the base year.
Suppose that a mutual fund has an annual rate of return that is normally distributed with a mean of 10% and a standard deviation of 4%. What is the probability that the annual return in a given year will be negative
Policymakers, however, are worried about how this will influence the dollar. How would this event affect the market for the dollar? How should the central bank, the Fed, respond to this event if it wants to keep the value of the dollar unchanged?
You are a manager of a firm with a following demand and cost functions in a perfectly competitive market. The price in your market is $35. Your total cost curve is: TC = 10 + 2Q + 0.5Q^2
on juans twenty-sixth birthday he deposited 6000 in a retirement account. each year thereafter he deposited 1000 more
What would be the market price for the product and the equilibrium output for the industry?
max c,l,h {ln(c)+μ ln(l)} subject to the budget constraint: c=a+(1-T)wh and the time constraint: l+h=1 let μ>0. T
Consider an open economy with flexible exchange rates. Suppose output is at the natural level, but there is a trade deficit. What is the appropriate fiscal and monetary policy mix?
The built-up timber beam is subjected to a 1500-lb vertical shear. Knowing that the longitudinal spacing of the nails is s = 2.5 in. and that each nail is 3.5 in. long, determine the shearing force in each nail
A school district undertakes an experiment to estimate the effect of class size on test scores in second-grade classics. The district assigns 50% of its previous year's first grades to small second-grade classes
Suppose an economy with a constant labor force of 85 millionworkers is in steady-state unemployment. The finding rate is 50%per month and 2.5 million workers lose their jobs every month. Whatis the natural (long-run) rate of unemployment
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