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Suppose the value of a stock varies each day from $12 to $27 with a uniform distribution. Find μ.
The Argentine peso to Canadian dollar exchange rate was 1 ARS = .092 CAD on March 25, 2016. A year ago the rate was 1 ARS = .143 CAD. Did the Argentine currency appreciate or depreciate and by what percent?
A single firm monopolizes the entire market for some product which can be produced at a cost of c(Q) = Q^2. The firm faces a market demand curve given by Q = 60 ? 0.5p. What is the firm’s profit? Calculate the Lerner Index for the market
Review key elements which characterize and define health insurance. Assemble a 400 word brief which identifies two of the most important characteristics of health insurance and provide for each characteristic identified:
At the beginning of this year, daily consumption of gasoline in the US amounted to 344 million gallons. It is estimated that for every 10% increase in the price of gasoline, quantity demanded falls by 1.50%. By the end of this year, the price of gaso..
Suppose that there are only two firms (Firm A and Firm B) in the market for decorative lampshades. Letthe inverse demand function and the total cost function be given by P = 50 –Q and TC = 2Q. How many lampshades will Firm A choose to produce?
Suppose you own a television factory and at your current level of output you have average total cost of $800 per television
An adiitional feature is that the computer shop will give her 500 for her old computer on a trade in. What is the equivilent annual cost for keeping her computer? What is the equivilent annual cost for swithcing to the new system?
When applying clustering on a data set with little or no information available about the actual number of clusters that exist in the data set
What is the difference between a profit and a rent? If a firm is interested in maximizing profits, why would it stay in an industry if profits are zero?
The Natural Rate of Unemployment is 5% with the current unemployment rate of 10%. The actual Real GDP is $500. What is the Full Employment (Potential) level of Real GDP?
The efficient market hypothesis suggests that allocating your funds in the financial markets on the advice of a financial analyst
Discuss what you believe to be the three most difficult problems contributing to the gap between rich and poor countries. Be sure to provide solutions which you believe may resolve the problems you identify.
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