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Q Three defective electric toothbrushes were accidentally shipped to a drugstore by Clean brush Products along with 17 non defective ones.
a. Illustrate what is probability first two electric toothbrushes sold will be returned to drugstore because y are defective?
Explain how all work, formula and answer
b.) Illustrate what is probability first two electric toothbrushes sold will not be defective?
Illustrate the opportunity cost between the two goods is always constant. Which of the following combinations of the two goods, X and Y, is it possible for the economy can produce?
Explain why government regulation is or is not needed, citing the major reasons for government involvement in a market economy. Provide support for your explanation.
If this economy were an open economy with a flexible exchange rate, would the usual crowding out forces be supplemented or offset by forces from the international sector
Illustrate what effort level would maximize profit per period. Illustrate what is the maximum profit per period in this fishery.
Compute the price elasticity of demand when price changes from $100 to $80 per pair using the average formular.
Illustrate what are the arguments for using real per capita GNI to compare living standards between countries. What weakness does this measure have.
Explain how does capital help human productivity in relation to farm labor, office help, teaching, or government administration.
Viennese artist Gustav Klimt's Portrait of Adele Bloch- Bauer was sold in New York for $135 million. Illustrate using supply and demand curve.
Calculate the percentage change in nominal GDP, real GDP also the GDP deflator in 2002 also 2003 from the preceding year.
If you were a manager at PepsiCo, would you try to convince your colleagues that introducing the new soft drink is the most profitable strategy.
Calculate gross national product and net national product
Illustrate what percentage of G1 can be mixed with G2 and still satisfy the customers. Elucidate the resulting paint cost per gallon.
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