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The advertised weight on a can of soup is 10 ounces. The actual weight in the cans follows a uniform distribution and varies between 9.3 and 10.3 ounces. a. Give the mathematical expression for the probability density function. b. What is the probability that a can of soup will have between 9.4 and 10.3 ounces? c. What is the mean weight of a can of soup? d. What is the standard deviation of the weight?
illustrate what will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources.
the average product of labor is 50 and the marginal product of labor is 75. The wage rate is $80 and the total cost of the fixed input is $500. What is the average total cost.
A price floor reduces the amount of a product that consumers buy because it keeps the price above the competitive equilibrium of market.
Why might the Homo sapiens production possibilities curve have shifted outward to the right much more rapidly than those of Neanderthals.
Four years after the $13,500 deposit, half of the accumulated funds is transferred to a fund that pays 8% interest compounded quarterly. How much money will be in each account six years after the transfer?
Which of graphs below shows Y increasing at a decreasing rate. Which of following issues is related to microeconomics rather than macroeconomics.
Assume the Bank of Japan allowed the money supply to grow by 2% each year while the Bank of Korea chose to maintain relatively high money growth of 12% per year.
Consider a finite set of prizes X and probabilities P on them. Suppose that an expected utility maximizer's preferences > on P have an expected utility show with utility function on prizes u : X->R.
If congress decides to reduce the tax paid per pack paid by sellers of cigarettes other things being equal the cost of cigarettes will fall.
Give an economics analysis of that liability standard for product-related harms.
An open economy with a fixed exchange rate follow a money growth rule successfully if capital moved freely across its borders..
Illustrate what is GreatReception's profit when producing at the profit-maximizing output. calculator will refresh to its initial values.
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