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In a small grocery store, an average of 2 out of 5 customers pay with a credit card. A random sample of 12 customers is selected. (1) Find the probability that exactly 8 customers pay with a credit card. Show calculations. (2) Find the probability that less than 2 customers pay with a credit card. Show calculations. (3) Find the probability that more than 2 customer pay with a credit card. Show calculations.
Thus a long term corporate bond could actually be sold to three separate persons. One would supply the money for the bond; one would bear the interest rate risk; and one would bear the risk of default. How does the separation of risk work? What finan..
Changes in disposable income affect government purchases and the government purchase function. How do changes in net taxes affect the consumption function.
Explain the difference between implicit and explicit costs. Give 2 examples of when an explicit cost is different from an implicit cost.
When fiscal policy is used to manage the economy, there are a number of factors that can delay its impact. Which of the following is an example of a recognition lag?
q. assume always there wireless serves 100 high-high demand as well as wireless consumers each of whose monthly demand
illustrate what kind of policy would you recommend to slow population growth.
How could she explain to her parents, using logic from economics, why she chose to major in English instead of mathematics?
Why comparative advantage is important, and whether it is usually followed by policy makers?
Calculate the required rate of return on equity using Rs= Rrf+ Rpm(b)
Derive the supply curve for this individual firm. If market price is equal to p=50 what quantity would be supplied? There are only 10 firms in the market. Derive market supply curve. Assume demand is given by: P=100-Q. What would be the equilibrium p..
Under what conditions will monopolies and perfectly competitive firms make losses, even when they are producing the profit-maximizing output? Under what conditions will they both stay in business and continue to produce in the short run, even with ma..
How does the philosophy of economist Milton Friedman influence the employees, executives/managers of the company and corporate decision? Discuss Ford or Lee Iacocca moral responsibilities to stakeholders and to the safety of customers. What ethical f..
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