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The wait times at a gas station follows a uniformal distribution varying evenly from 0 to 300 seconds. What is the probability that you would have to wait more than 60 seconds?
Michael spends $10 a month on both Pez dispensers and Superman action. His marginal-utility-to-price ratio for the Pez dispensers is 40.
Consider a production function of the form Y = AF (K, N, Z), where Z is a measure of natural resources used in production. Assume this production function has constant returns to scale and diminishing returns in each factor. What will happen to outpu..
Assuming “other liabilities” are zero, what is the size of the money and quasi-money stock?
Given the same price elasticity of supply, sellers would be able to pass along the largest portion of a 10% tax on which item.
some firms leave the industry and the industry returns back to a long-run equilibrium. Illustrate what will be the new equilibrium price, assuming cost conditions in the industry remain constant.
On the Keynesian cross diagram, a decrease in government spending (as in tight (contractionary) fiscal policy) will cause
An economy adjusts on its own to close a recessionary gap because there is
Critically evaluate the provision resulting from the Uruguay Round to require that the least trade-restrictive measures should be used to achieve environmental goals. Include in your answer both the environmental and economic implications. Support or..
Elucidate an example of a microeconomic and macroeconomic phenomenon. Would you give an example of a microeconomic decision you have made at home or work.
Read Cold-Case Christianity: A Homicide Detective Investigates the Claims of the Gospels. When you reading it, write a quick review for it in word document
The difficulties in managing government in a market economy include the following, except:
Abe’s marginal utility of apples is 12 and his marginal utility of bananas is 5. If apples cost $2 each and bananas cost $1 each, is Ape consuming at an optimum? If not, which fruit should Ape consumes more of?
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