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The Widget Company has estimated the following revenue possibilities for the year: Sales Probability 100 0.15 150 0.20 220 0.30 290 0.20 310 0.15 a. Find the expected revenue.. b. Find the standard deviation. c. Find the coefficient of variation. Your response should be at least 100 words in length.
What are some of the problems and challenges of the different types of taxes available to government? How do you think they could be resolved?
Are they oligopoly or monopolistic competitions? Can you describe in detail why they are what they are? What role does Mutual interdependence play in these? Evaluate whether these industries have “enough” competition or if consumers would benefit fro..
Who are the winners and who are the losers from "free trade"? Why do economists believe that a a tariff is better than an import quota? (Actually most economists do not like either!). Why is the "infant industry" protectionist argument perhaps valid ..
Prepare a report on the current state of the Australian economy and its management by the Federal government. You need to do this by examining the four economic indicators of economic growth (GDP), unemployment, inflation and trade (including the ter..
How these earnings differences have changed over the past half century, as well as what factors are responsible for these changes.
The chart below gives prices and output information for the country of Utopia. Use this information to calculate real and nominal GDP for both years. Use 2001 as the base year.
Price/Output Determination. Columbia Cars Inc., a rapidly expanding new entrant to this metropolitan area, is considering two proposals for the provision of its cosmetic detailing of cars (washing, waxing, polishing, engine cleaning, etc.). First, a ..
Suppose that the price of pizza falls from AED 25 to AED 15 per pizza. The quantity demanded increases from 0 to 20 pizzas. The average price is AED 20 per pizza. Calculate the price Elasticity of Demand.
Using the AS-AD framework and assuming no macroeconomic policies are used to stabilize the economy, illustrate and explain what happens to the economy in the short-run and over time if it begins in a steady state but then suddenly experiences a decli..
You need both equations and clearly labeled graphs (separate graphs for each question) to answer the following questions. Assume that b=1/2 and that initially the real interest rate is equal to the marginal product of capital at 3%. As well, assume t..
q.until recently you worked as an accountant earning 30000 annually. then you inherited a piece of commercial real
For each of the following events, describe the effects on the Canadian economy assuming that it is originally in long run equilibrium. For each, explain the short and long run effects in the context of an aggregate supply and aggregate demand diagram..
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