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Let W denote a random variable that has a Poisson distribution with mean= 2. Find
a. P(W = 2),
b. P(W 3), and
c. P(W 3jW 1).
The New York Times reported that the mean time to download the IRS home-page is 0.8 seconds. Suppose that the download time is normally distributed with a standard deviation of 0.2 seconds.
a. What is the probability that a download time is less than 1 second?
b. What is the probability that a download time is between 0.5 and 1.5 seconds?
how much does the economy have to grow potential output is 3.5 and the unemployment rate is 7.3 in 2014 to bring the
a plot crowding out for the following situations on a graph and explain why you get the resultsi perfectly inelastic id
By observing an individual"s behavior in the situations outlined below, determine the relevant income elasticities of demand for each good (i.e., whether it is normal or inferior). If you cannot determine the income elasticity, what additional inform..
1a cut in government spending a decrease in income abroad an increase in taxes or an expectation that future consumer
Discuss, using examples and academic references, the statement that perfect competition gives an optimal allocation of resources but that the existence of scale economies may make perfect competition impossible.
According to the life-cycle / permanent-income hypothesis, consumption depends on the present discounted value of income. An increase in the real interest rate will make future income worth less, thereby reducing the present discounted value and r..
Compute the marginal profit function and what is the profit maximizing price, what is the market demand function and what is each firm's supply function?
If neither company discounts its current prices, each company will end up with $400K in revenues for the month. If Company A discounts its prices and Company B does not, Company A will end up with $650K of revenues for the month.
current event1. with an economic perspective write a brief summary of the current event article2. write your opinion
a the above figure shows four different markets with changes in either the supply curve or the demand curve. which
Michael makes a great point. Economists often note that there is no such thing as a free lunch
At what level of L does the average product reach its maximum and does the total product curve have a region of increasing marginal returns?
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