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The lifetime of traditional light bulbs measured in hours is known to be normally distributed with μ=100 and σ=20. What is the probability that a randomly selected traditional light bulb will have a lifetime of 85 hours or longer?
Assume an economy that consists of consumers, government, business investors and an international sector. we will express this economy this way C+I+G+X=GDP Assume that the MPS is .3 How much can we expect the economy to expand if goverment increases ..
Suppose demand is still described by P=5.10-0.80Q and supply is described by P=1.90+0.20Q. If there is a price floor of 2.94, what would be the consumer surplus in the market ? Suppose demand is still described by P=5.10-0.80Q and supply is described..
Discuss the following statements then respond to at least two of your classmates’ postings. Define the Four Stages of the Negotiation Process and discuss what changes have taken place in the negotiation tactics since the 1950s. Explain why the Best A..
The total value added in the production of a final good a. exceeds the price of the final good b. equals the price of the final good c. exceeds the total payments made to owners of productive resources used in the production
Why are you taking this class. Explain. Did you read and understand syllabus requirements for this class. What is labour productivity.
Systems and equipment for communication, transportation, and sanitation make up. In developing countries, on average, nearly ___ of the labor force is employed in the agricultural sector; compared to 3% in industrial market economies. Which is NOT an..
A market system (market economy) depends on the market to, find the most efficient way of using resources. determine how large the budget deficit should be. decide how much government regulation there should be.
Describe the difference between the short run and long run in the example to bringing about more tables for the customers. How is the restaurant able to differentiate between the short run and long run?
In which of the following circumstances is expansionary fiscal policy more likely to lead to a short-run increase in investment? Check all that apply.
Suppose that a monopolist has the ability to impose a two-part tariff pricing policy. Would it necessarily set a positive fee as part of its profit-maximizing policy? Explain. What would limit a monopolist’s ability to set such fees?
Assume that a industry produces 200000 units a year and sells m all for $10 each. Furthermore, assume that marginal external damage of this product is $6 per unit. How many more units of this product will free market produce than is socially.
In converting the residual to a student zed (standardized) residual for a given observation, the residual for the observation is divided by the residual's __________.
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