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Consider a lottery with three possible outcomes:
$125 will be received with probability .2
$100 will be received with probability .3
$50 will be received with probability .5
a)What is the expected value of the lottery?
b)What is the variance of the outcomes?
Exclude the appealing logic of the Coase theorem, private actors often fail to resolve on their own the problems caused by externalities.
Each organization manager's performance was evaluated yearly in relation to the specified multiple goals.
Evergreen Landscapers, Inc., owes Friendly Finance Company $5,000. Evergreen enters into a contract with Suburban Office Park under which Evergreen promises to maintain the landscaping on Suburban's property.
Consider that demand elasticity is defined as the percentage change in quantity divided
Use the data on U.S. real GDP below to compute real GDP per person for each year. Then use these numbers to compute the percentage increase in real GDP per person from 1987 to 2005. Year REAL GDP (2000 prices) population 1987 $6,435,000 million..
Illustrate what is mean by "neutrality" or "superneutrality" of money. Give examples and discuss when they are likely.
Suppose that a country has a debt-to-GDP ratio of 64%. The growth rate of real GDP is 3%. Assume that seignior age is zero and the real interest rate is 2%.What primary deficit as a percentage of GDP would be required to make fiscal policy sustainabl..
Explain how regular and lasting were the past trends. What are the chances of these patterns are changing. How accurate is the historical date that we use in time series.
If the government uses its knowledge of its monopolistic position, Illustrate what criteria will it employ when determining how many soldiers to recruit. What happens if a mandatory draft is implemented.
A consumer of two goods faces positive prices for both goods and has positive income. Her preferences over consumption of good 1 and good 2 are represented by the following utility function: u(x1; x2) = 1 - (x1 4)^2 - (x2 3)^2
Yesterday you were consuming 4 eggs and 2 strips of bacon. Today you are consuming 3 eggs and 3 strips of bacon. If you have the same taste what might have caused this change Are you better or worse off
What is the point estimate of the population proportion? b. What is the point estimate of the population variance? c. Write a 95% confidence interval for the population proportion (? = .05).d. Will the bond proposal be approved with a 95% confidence?..
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