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Suppose there are two types of law school students: short haired and long haired. Additionally, law students generally choose between two types of firms when they graduate: big and small. Suppose the probability of being short haired is .8, and a short haired student will end up at a big firm 90% of the time.
1. What is the probability of being both short haired and working at a small firm?
2. Additionally, suppose the probability of working at a big firm is .75, then amongst the small firm students, the probability of being long haired is...?
In 2011, the government of a nation established a price support for wheat. The government’s support price has been above the equilibrium price each year since, and the government has purchased all wheat over and above the amounts that consumers have ..
Describe one possible combination of government spending increases and tax decreases that would accomplish the same goal.
Prices the selling monopoly charges for TV sets in periods 1 and 2.
A key difference between accountants and economists is their different treatment of the cost of capital. Does this cause an accountants estimate of total costs to be higher or lower than an economists estimate? Explain. Kelly is a clerk and she earns..
how much more money will Edward repay compared with what Jorge owes (moral:you want a high FICO score)? Assume monthly compounding of interest.
the manager wins with a payoff of 20, and the auditor loses with a payoff of - 20 . If the actions don't match, the auditor wins with a payoff of 20, and the manager loses with a payoff of - 20. Diagram this game and comment on the equilibrium.
show the impact of the expeted future in gasoline prices on the current demand for gasoline by shifting the demand curve on a graph.
Suppose that U.S. prices rise 4% over the next year while prices in Mexico rise 6%. According to the purchasing power parity theory of exchange rates, what should happen to the exchange rate between the dollar and the peso?
Illustrate what is the quantity of burgers demanded in equilibrium.
q1 if you are the chief economist of a country experiencing full employment and high inflation levels over the past
The EU recently admitted the Eastern European countries. How do you assess the impact of the EU's expansion? What are the costs and benefits of the expansion for the U.S. economy?
The World View article "Foxy Soviets Pelt the West: Sable Monopoly Traps Hard Currency, Coats Capitalists" provides evidence that
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