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The items per minute scanned at a local grocery store check-out line is uniformly distributed between 11 and 48 items. What is the probability that the items scanned per minute by a randomly selected clerk is more than 35.9? Provide your answer in decimal form and round to two places.
Illustrate what inconsistent other than price appear ro have the biggest impact on the demand for McDonald's products.
q.in comparing a perfectly competitive market and a monopoly please answer each of the following questions thoroughly
q1. explain why do some economists consider that better inventory control software as well as systems might help to
Cars are lasting longer. The expected number of miles traveled over a vehicle's life has risen to 180,000 miles in 2001 from 128,000 in 1977. However, new car buyers tend to keep their cars about the same length of time before trading them in. Using ..
Which of the following is one of the differences between the Articles of Confederation and the new Constitution created during the Constitutional Convention in 1787?
Develop an estimate for each of the following situations.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
What is the "current macroeconomic situation" in the U.S. (e.g. is the U.S. economy currently concerned about unemployment, inflation, recession, etc.)? What fiscal policies and monetary policies would be appropriate at this time?
In 1800, the federal bureaucracy was relatively small with only a few thousand employees. Describe how the bureaucracy grew from a few thousand employees to the size it is today. Also, discuss how the bureaucracy is organized and how government emplo..
Toys are produced by a competitive industry. Santa Claus gives away one million free toys each year. It costs Santa nothing to produce these toys. Illustrate Santa’s effect on consumer’s surplus and the producer surplus earned by commercial toy manuf..
Draw Lorenz curves and calculate the Gini coefficient and the coefficient of variation for the income distributions (a)–(f). In each situation, the first set of numbers represents the various incomes, whereas the second set of numbers represents the ..
Which firm's product provides the greatest value-created. In an industry equilibrium in which the firms achieve consumer surplus parit.
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