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In a recent election 38% of the voters picked John Smith for Mayor. What is the probability of selecting 5 voters at random and getting 2 who voted for John Smith?
Raytheon’s State College location had a gross income of $20,000,000 in 2015. In 2015 they also paid $3,000,000 in employee salaries, $4,000,000 in operating and maintenance costs, $800,000 in depreciation expense, $200,000 in loan principal payment, ..
How does having a menu that is uniform around the country provide McDonald’s with economies of scale? Why is menu planning made more complex by expanding into other countries? Define “market structure.” What factors are considered in determining the ..
You are a health economics consultant for a major political campaign. Your client notes recent research that individuals in worse health tend to live further from health facilities. Therefore, building more health facilities in rural areas should imp..
How are the depopulation of Whales worldwide and Congested Highways similar in terms of economics? What are some possible solutions to both?
Suppose mountain spring water can be produced at no cost and the inverse demand for mountain spring water is P = 1200 – 0.2Q. Suppose the market of mountain spring water is supplied by a monopoly firm that cannot price discriminate. Find the monopoly..
You are a member of an area prescribing committee (APC) which is reviewing the treatment options for a cancer which is universally rapidly fatal (usually within months) if not treated. From a society perspective, which treatment generates the greates..
Does either firm have a dominant strategy. Is there a stable equilibrium.
Suppose that in DanLand two goods can be produced: light bulbs and wires. It takes 3 hours to make a light bulb in DanLand and 4 hours to make a wire in DanLand. In YouLand two goods can be produced: light bulbs and wires. It takes 6 hours to make a ..
Suppose, Worker 1 has a reservation price of 41 cents; worker 2s reservation price is 42 cents; worker 3s reservation price is 43 cents, and so on. There are 150 jobs in firms without air purification systems, and this number is fixed. Thus, the dema..
If all of the following projects have a life of 10 years and the budget is $100,000, which should be done with the limited budget? What is the MARR?
Your company has immediately acquired another company which has locations in Quebec also Paris.
Rivalry is especial destructive to probability if:
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