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An author receives a contract from a publisher, according too which he is to be paid a fixed sum of according to which he is to be paid a fixed sum of $10,000 plus $1.50 for each copy of his book sold. His uncertainty about total sales of the book can be represented by a random variable with a mean of 30,000 and a standard deviation of 8,000. Find the mean and standard deviation of the total payments he will receive.
Define absolute and comparative advantage in your own words. Elucidate how absolute and comparative advantages were used in your simulation.
For every firm in group B , long-run ATC curve is U-shaped and intersects the long-run MC curve when ATC = 10 and output is 6.
Describe what would happen if an outside agency determined the prices eBay could charge.
Illustrate what major legislative actions has congress taken As 1993 to reduce size of Federal deficit. Why process is politically painful to Congress.
If lots of people want Euros also Euros are in short supply also a few people want Japanese yen also yen are in plentiful supply the euro is likely to.
Write an equation for predicting sales if Austen assumes that the percentage change in sales is twice as large as the percentage changes in income and advertising
Illustrate what way are entrepreneurs also businesses at the helm of the economy but commanded by consumers.
Illustrate what is shop's sales mix Illustrate what is shop's break-even sales volume in dollars. Explain how many bicycles of each type must firm sell to earn a target net income of $50,000.
Explain how convinced are you that the new 30-gallon trash bag is the strongest such bag on the market.
We would expect the coefficient of cross elasticity of demand for DVD players also DVDs to be positive.
Explain how does this relate to the idea which diminishing marginal utility must be understood in context. Many people buy too much on their credit cards, even when they know they will be sorry when they get their credit card bill.
You are being given data on supply also demand for the whole marketplace also are being asked illustrate what effect that has on you as a small part of that marketplace.
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