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Suppose a jar contains 17 red marbles and 35 blue marbles. If you reach in the jar and pull out 2 marbles at random at the same time, find the probability that both are red.
In an interview with Daron Acemoglu, he says "the hot money which was floating through Turkey has stopped after FED's declaration that we are going to give much more attention on monetary policy". Basically I know some fundamental things like monetar..
Give an example of an externality that you have personally experienced. What makes it an externality? Is it possible for the government's solution to market failure actually make the failure worse? Explain using examples.
The total cost incurred is the sum of the fixed costs and operating costs. The latter increases as more items of a product are manufactured hence the total cost is given by: For a given product, it is found that the number of item s sold correspondin..
In a competitive market, the quantity of a product produced and the price of the product are determined by A. sellers. B. buyers. C. both buyers and sellers. D. None of the above is correct.
The Alliance pays the Blue Hands men to seize the crew of Serenity. They pay $126,000 to have six crew members seized or killed. Each arrest costs twice as much as the previous one. What is the marginal cost of the fifth arrest?
Calculate the marginal cost function. What is Chill man's profit-maximizing cost as well as output combination.
Consider a perfectly competitive market where demand is given by P=84.20-2.15Q and supply is given by P=12.78+1.20Q. Calculate the equilibrium quantity.
What type of economic flow would be illustrated b the purchase of a Mexican candy-making factory by a US company.
A consulting firm conducted a random survey of community residents, describing a planned riverside park and then asking each respondent the question: “What is the most that you would be willing to pay to have this park built along the river?” Do you ..
Assume that the quarterly demand and supply functions for German made Bosch washer machines: Qd = 340 – 6P Qs = 100 + 2P. Where price is $125 dollars, what are the quantities demanded and supplied? Assume that Bosch wants to focus solely on price and..
For a firm to minimize its costs with more than one factor of production, for every factor, the
The benefits of having NGO's personnel in such regions outweigh the risks?
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