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A Gallup survey of 2002 adults found that 46% of women and 37% of men experience pain daily (San Luis Obispo Tribune, April 6, 2000). Suppose that this information is representative of adult Americans. If an adult American is selected at random, are the events selected adult is male and selected adult experiences pain daily independent or dependent? Explain.
In a small city, approximately 15% of those eligible are called for jury duty in any one calendar year. People are selected for jury duty at random from those eligible, and the same individual cannot be called more than once in the same year. What is the probability that a particular eligible person in this city is selected in each of the next 2 years? In each of the next 3 years?
In the neoclassical growth model with physical and human capital investments described above, the optimal path of physical capital and consumption are given as in the one-sector neoclassical growth model and satisfy the following two differential ..
Perry is a freshman, he estimates that the cost of tuition, books, room and board, transportation, and other incidentals will be $30000 this year. He expects these costs to rise about $1500 each year while he is in college.
suppose the economy is in equilibrium and the equilibrium real GDP is 1500 billions. Suppose further that the MCP is 0,8 if the government wants to increase the real GDP to 2000 billions , by how much should the government increase /decrease.
What incentive conflict was being controlled by these loyalty payments? What advice did Intel ignore when they adopted this practice?
Firm 1 has a single retail location at the left hand extreme point of a mile-long Main Street while firm 2 is located at the right hand extreme. There are 100 consumers who are evenly distributed over this market. The value of the product sold is ..
Observer S detects two flashes of light. A big flash occurs at Xl = 1200 m and, 5.00 fLs later, a small flash occurs at X2 = 4S0 m. What is the speed parameter of S'
a manufacturer of microwaves has discovered that male shoppers have little value for microwaves and attribute almost no
Suppose this the demand for water balloons fit the function D(P, Ps)=.2P^(-.5)Ps^(-.2) where P is the price of water balloons and Ps is the price of super soakers (an advanced squirt gun technology). Based upon this demand curve, are super soakers..
Year Nominal GDP (in billions) GDP Deflator data (base year 2005) 2009 $14,256 109.8 1999 $9,353 86.8 What was real GDP in 1999 measured in 2005 prices? Round your answer to the nearest cent. What was the growth rate of real GDP from 1999 to 2009? R..
two world leaders Mack and Nick are engaged in an arms race and face the decision whether or not to build a missile. The payoffs of Mack and Nick are as follows: If both build a missile, both receive the payoff -10. If both do not build a missile, ..
Assume a monopolist with the following demand and cost relationships. Q = 400 - 20p TC = 10 + 5q + q2 Calculate the following: Profit max price Profit max quantity TR, TC, Profit, and the elasticity at profit max q and p.
What would be the profit of a new entrant if the subsidy is eliminated and Barnacle continues to produce the monopoly level of output?
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