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A quick quiz consists of a multiple-choice question with 6 possible answers followed by a multiple-choice question with 6 possible answers. If both questions are answered with random guesses, find the probability that both responses are correct.
Report the answer as a percent rounded to two decimal place accuracy. You need not enter the "%" symbol.
Probability =
What is the capitalized equivalent cost of a dam that will cost $25 million now and will require $2 million in maintenance annually? The effective annual rate is 12%.
A High End Department store has a replacement cost of $4,596,000. A fire caused $500,000 damage to the store's inventory. Find the amount the insurance company will pay if the store carried a policy with a face value of $3,500,000 and a coinsurance c..
Why the firm should hire more labor if the marginal product of labor is 75 unit of output and the wage is $15 and output sells for $0.80 per unit?
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What price should he charge per ticket? (Note: Use the arc elasticity formula.) Is this a good strategy? What would be your recommendation?
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How was fiscal and monetary policy used to reduce the recessionary gap? Be sure to provide specific examples.
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