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Computer Ownership. Fifty-three percent of U.S.households have a personal computer. In a random sample of 250 households, what is the probability that fewer than 120 have a PC?
What is the impact of the following factors on the optimal method of procuring an input. Benefits from specialization. Bureaucracy costs. Opportunism on either side of the transaction. Unspecifiable events. Bargaining costs.
The problem of double coincidence of wants is associated with:
how should he change his bundle to reach his optimum? Explain your answer using the marginal utility condition at the optimal choice.
You select two customers without replacement to get more information on their satisfaction. What is the probability that both say service is poor?
Monetary policy is ineffective under a fixed exchange rate but effective under a floating rate explain with graphs and symbols.
Assume that the real interest rate becomes much higher in the U.K. relative to the U.S. This will place ____ pressure on the value of the British pound. Also, assume that inflation rates in the U.S. begin to rise relative to inflation rates in the U...
Suppose that there are 1,000 firms in a perfectly competitive industry, each with a short-run total cost curve given by TC = 800 + 8Q + 0.1Q^2. What is the profit-maximizing output for each firm at a market price of $20? How much profit does each fir..
Should those who labeled the product pink slime and questioned it unfairly be disciplined in any way? Or, is this just an example of the market at work and nothing should be done? What should Roth and his company do now? What further action should th..
Sherolyn Davidson was terminated after 25 years at ACME University. She filed an age discrimination case. What types of damages are possible for age discrimination
Why does it make sense for a firm to shut down in the short run if the price falls below minimum average variable cost?
Regarding the definition of microeconomics, how would you express the definition as it relates to antitrust policy and regulation?
A woman borrowed $2000 and agreed to repay it at the end of 3 years, together with 10% simple interest per year. How much will she pay 3 years hence?
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