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Question: The construction time for a bridge depends on the weather. The project is expected to take 250 days if the weather is dry and hot. If the weather is damp and cool, the project is expected to take 350 days. Otherwise, it is expected to take 300 days. Historical data suggest that the probability of cool, damp weather is 30% and that of dry, hot weather is 20%. Find the project's probability distribution.
Thirdly, explain why a firm would not want to produce a quantity for which the price is below the average cost (at least not for very long)
What is the dominant strategy for each player - What is the joint profit-maximizing price and what profit would each guy make if they set this price?
Consider a monopolistically competitive firm with N firms. Each firms business opportunities are described by the following equations: Demand: Q = (100/N)-P Marginal revenue: MR = (100/N)-2Q Total cost: TC = 150+Q2 Marginal cost: MC = 2Q
Given the above information, what is the required reserve ratio? Given the above information, what is the money multiplier? Given the above information, what is the level of the money supply
What differences between pin makers and orange growers might make majority voting a feasible way to run one organization but not the other?
identify and define the three categories of compensation arrangements. give examples of specific arrangements in each
kean university professor henry saffer and wharton school of business professor dave dhaval estimated that if the
What is the difference between an explicit cost and implicit cost? What is the difference between normal profit and economic profit
environmental economics or microeconomics1.describe why alternative efficient allocations may have different total
Suppose there are two straight lines: line A and line B. Line A's slope is equal to 2 and the point (X, Y) = (10, 20) sits on this line. Line B has a y-intercept of 10 and an x-intercept of 10. What is the equation for line A? Show your work
In the model of perfect competition all firms are price-takers since they treat price as a market-determined constant. Firm Perfcomp's total revenue function is TR(Q)=P*Q in which P equals the output price. Assume that P=24 and the total cost func..
What are the amounts for deferred tax items, what assets and liabilities do they relate to? Have they increased or decreased since last year?
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