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A traffic light is set to switch from red to green according to a uniform distribution with a mean of 45 seconds. The difference between the smallest and largest number of seconds it takes the light to switch is 8 seconds.
a. draw a picture illustrating the specifics of the function
b. what is the probability that the light will take at least 43 seconds to switch?
c. what is the median number of seconds for the light to switch?
suppose investment, in addition to having an autonomous component, also has a component that varies directly withthe level of real GDP. How would this affect the size of the government purchase and net tax multipliers
Calculate the appropriate value to use for income in your analysis. Explain why you choose to use that level of income and what is the dead weight loss associated with monopoly
there are 4 general market structures detailed in this sectiona. perfect competitionb. monopolyc. monopolistic
Present a plan for monitoring carbon monoxide in a city
A company deposits $2000 in a bank at the end of every year for ten years. The company makes no deposits during the subsequent five years. If the bank pays 18 percent interest, how much would be in the account at the end of 15 years?
Suppose the annual inflation rate is at 2% and 8.5% of the labor force is currently unemployed. If you were on the Fed's Open Market Committee, what action would you prescribe? How would this affect the economy, the inflation rate, and the unemplo..
given the current condition of the us economy do you think us policy makers would prefer to see the rise in value
write a report about how foreign direct investment influences the wages and income in vietnam then compare it to
a project engineer with environcare is assigned to start up a new office in a city where a 6-year contract has been
The quantity demanded of cellular phones to change
Under the assumptions of perfect competition:
The difference in prices for each of the following pairs of goods in terms of the laws of supply and demand natural diamonds and zircons human-made diamonds.
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