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An aerospace company has submitted bids on two separate government contracts, A and B. It feels it has a 50% chance of winning contract A and a 40% chance of winning contract B. Furthermore, it believes that winning contract A is independent of winning contract B.
What is the probability that the company will win both contracts?
In article 2.6 in Dollars & Sense, current research reveals that minimum wage is not set too high! In keeping with your reading of Mankiw's ch. 6, what does this mean in terms of minimum wage being a price floor?
consider a market of mp3 players. list one or two events related with this market which will cause the following
how is an aggregate demand curve derived? what would cause the aggregate demand curve to shift to the right? explain
Construct a table showing the average variable, average total, and marginal costs of paper cup production. Show your work or embed an Excel spreadsheet into your file showing the formulas you used.
Explain why the price elasticity of demand is generally a negative number, except in the cases where the demand curve is perfectly elastic or perfectly inelastic. What would be implied by a positive price elasticity of demand
gillettes shareholders chairman and ceo james kilts indicated despite several new product launches gillettes
bob and bette rhymes with jetty each have cobb-douglas preferences for cheese c and peanut butter p each of which will
the utility function isu u x yif the 2nd derivative for both x and y is greater then 0 does that mean the indifference
Using concepts we have discussed in class, discuss the effect of having a minimum wage. The minimum wage raises workers’ wage above the equilibrium wage.
Sixteen states sue the major tobacco companies for billions of dollars because of tobacco-related costs in their Medicaid programs. Medical evidence that more than two cups of coffee a day (Considered by many to be a substitute for smoking) greatl..
A price ceiling for maple syrup caused a shortage,
If Q=K^1/3L^2 the MPl is what
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