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The average age of cars in a parking lot is 7. Suppose that the distribution of ages of cars is approximately normal with a standard deviation of 3. Find the % of cars that are between 5 and 8 years old
What experience do you have with assessments? Which form of assessments do you consider most helpful in evaluating the learning status of learners?
A consumer has preferences between two goods, hamburgers (measured by H) and milkshakes (measured by M). His preferences over the two goods are represented by the utility function U = √H + √M. For this utility function MUH = 1/(2√H) and MUM = 1/(2√M)..
Let's assume production is given by Yt=AK^(1/3)L^(2/3). Capital stock has reached its steady state at K= 1000 and A= 3/2. Assume there are no frictions/rigidities unless otherwise stated. What does our long-run model say the level of unemployment (U..
Compute and indicate the area of profits on your graph. In light of your answer above, does it make sense that this firm is "maximizing profits".
Find the probability the salesperson fails to make a sale on the first visit and subsequently makes a sale on the second visit
what is the threshold value of the discrimination coefficient "d" at which prejudiced businesses will start hiring only white workers?
Why are deposit-type intermediaries able to create money? What factors increase the amount of deposits the banking system can create with any given injection of new reserves?
If producing a good generates pollution (a negative externality), from a social perspective ...
Draw a diagram that describes the circular flow model of the economy. Now modify it to include the role of the environment in sustaining economic production.
A college student has been looking for tires and has found the following: Tire Warranty for a Cooper tire is 12 months at a price per tire of $59.95. What is MONTHLY worth/cost of the tire if we consider annual interest rates are at 10%?
How can Indigenous people be encouraged to participate in evaluating services and negotiating their needs regarding desired outcomes
The marginal cost associated with the production of the third unit of output is
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