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An advertising agency introduced a new product and claimed 61% of all customers were familar with it. We asked 7 random customers if they were. Find the probablity exaxtly 4 knew; at least 3 knew and at most 5 knew of the product.
How can indifference curve analysis be used to compare the effects of lump-sum taxes and price-distorting taxes? What is the excess burden of a price-distorting tax for an individual taxpayer?
A change in the discount rate shifts the supply of reserves. Friedman's theory of money demand is more complex than Keynes's.
We know that a certain piece of equipment will cost $150,000 in 5 years. How much must be deposited today using 10% interest to pay for it?
Why is a piece of machinery(capital) usually considered a fixed input and Labor usually considered a variable input? What determines if you are operating in the short run vs. the longrun?
What is the cost of regular unleaded fuel in your town? What are some contributing demand and supply factors to the differences in fuel prices around the country?
After 10 years of stamp collecting, what is the future worth of the stamp collection?
A commercial bank has no excess reserves until a depositor places $5000 in cash at the bank. The commercial bank then lends $4000 to a borrower. As a consequence of these transactions the size of the money supply has
A piece of equipment costing $57,500 is being considered for a production process at Dew Chemicals. The expected benefits per year are $4,500 and estimated salvage value is $10,000. Determine the rate of return the company can get in this equipment p..
In your opinion, does the Houston Medical Center, in which many hospitals gather, represent an example of perfect competition, monopolistic competition, collusive oligopoly.
Describe competency models, case-based decision making, and systems thinking.
What is meant by structural unemployment? Is there a relation between outsourcing and structural unemployment?
Although written in 1968, “The Tragedy of the Commons,” by Garrett Hardin applies to many of the economic, political, and social struggles we are experiencing today like the debates about health care reform, deficit spending and the debt, tax reform,..
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