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A couple plans to have 4 children.
List the different outcomes according to the gender of each child. Assume that these outcomes are equally likely.
a. How many events are possible?b. Find the probability of getting exactly 2 girls.c. Find the probability of getting exactly 2 children of each gender.
Some of the electric generating plants of Tennessee Valley Authority are powered by coal. Coal is bought by a separate procurement division and is transferred to plants for use.
You work for a division of a textbook publisher that manages the company's economics textbooks. Senior managers have instructed you to find a way to reduce your division's total cost by 30 percent.
Can you think of a recent example where you had to evaluate the incremental costs and benefits of different options in order to make a decision?
G rises and the Fed does not accommodate the shock to money demand. Scenario 2: G rises and the Fed accommodates the shock to money demand, as they would if they were committed to the zero bound.
Why choose that approach? And what are the estimated associated costs, compared with the alternative? (You'll need to make some educated guesses here don't worry about being exact.)
What are the Big Five dimensions of traits?
Calculate the marginal and average variable product of each unit of labor input and calculate total, average total, average variable, and marginal costs.
The following questions refer to a company, whose manager recently estimated its average variable cost function to be;
A company has the following short run demand and cost schedule for a particular product; Estimate the firm's profit-maximizing Quantity, Price, and economic profits or losses.
However, another flavor, Cherry Garcia, contains sulfur dioxide preservatives, and other flavors use margarine, not butter. What are the problems a firm faces if it is "politically correct" in some products but not others?
Using the high-low method and the Willco data, calculate the variable maintenance cost per machine hour (round to three decimalplaces).
Under what circumstances would a rise in income tax act as:
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