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Growing up, family vacations were difficult for your instructor because both she and her father have a disease called FHS muscular dystrophy that causes inability to walk, severe pain, and other problems. It's about as "fun" as it sounds! Let's consider a family in the same situation that is considering taking a 10-day vacation, the only one possible in ten years due to their busy schedules.
There are two mutually exclusive possibilities:Someone will get sick and ruin the whole vacation (no vacation days), orNo one will get sick and they will get ten whole days of vacation.
We can write the family's utility function as U = V1/2 (or U = V^(1/2) if it does not show correctly on your monitor), where V is the number of vacation days the family ends up being able to take. The chance of someone in the family getting sick over the relevant time period is 20%. What is the expected value of V over the vacation?
discuss how the company you selected should increase its competitive stance in the marketplace and how management would implement the recommendations. Provide specific examples to support your response.
Illustrate what is micelles opportunity cost of producing potatoes and or chickens if she were to produce 200 pounds of potatoes per year and 50 chickens per year.
Suppose both firms have entered industry. What is joint profit-maximizing level of output. How much will each firm produce. How would your answer change if firms have not yet entered industry.
Assume you are looking at data for an economy that uses only two inputs, physical capital and labour. Table shows output for different combinations of labour and capital.
most powerful people in the world might be measured more powerful than most countries leaders
Complete this assignment by covering the implemention phase within the SDLC, Systems Analysis and Design – The Movement to Objects
If government industry regulators underestimate the degree of competition in an industry are they likely to over-regulate the industry? Explain.
what is the expected economic life for this water pump and what is the minimum annual equivalent cost.
Explain how the quantity of executives demanded, the quantity supplied, and executive pay will change based on the above statement.
For a product, at a price of $3, quantity demanded is 60 units and at a price of $5 quantity demanded is 40 units. Using midpoint formula, calculate value of price elasticity of demand.
Further assume that they are not able to ‘collude' on price and quantity of premium digital channel subscriptions to sell. How much profit will each firm earn when this market reaches Nash equilibrium.
If the market price of the product is 270, how much output should the firm produce in order to maximize profit. How much profit will this firm make.
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