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Recently proposed energy legislation has caused concern in West Virginia, particularly in respect to impact on the coal, oil and gas industries. The Marshfork Corp. reported that 70% of West Virginians opposed the legislation. In a random smaple of 12 WV residents, what is the probability that: a. exactly 8 oppose the legislation b. fewer than 5 oppose the legislation c. 4 or fewer support the legislation
Compare and contrast the way Classical and Keynesian theory determine the Demand for Money and how it is related to the Money Supply
Demand for microprocessors is given through P=35-5Q, where Q is the quantity of mircochips. The typical company total cost of manufacturing chips is Ci=5qi, where qi is the output of company i.
Explain by how much would it have to increase government purchase to achieve this goal.
Illustrate what is elasticity of demand at profit maximizing level of output. Without use of any calculations, determine wherefirm=s total revenue would increase, decrease, or stay same if CRAPCO attempted to increase its price by .2%. Explain how..
The advent of personal computers also word processing software which eliminated the market for electric typewriters would be an example
Illustrate what is equilibrium price of box. Is this long-run equilibrium price. Explain how many firms are in this industry when it is in long-run equilibrium.
critically discuss the pros and cons of this contractual arrangement vis-a-vis the alternative of outsourcing the teaching to an outside fi rm.
Why are you taking this class. Explain. Did you read and understand syllabus requirements for this class. What is labour productivity.
Proposals for modifications of the law are formulated by committees. Under the closed rule, the legislature may either accept or reject a proposed modification, but may not propose an alternative.
Utilizing productive efficiency as guide, which nation should produce Chevrolets and which should produce Toyotas.
A few years ago, a construction manager earning $70,000/ year working for a regional home builder decided to open his own home building company.
Assume instead that the industry can sell any also all of its output at the fixed marketplace price of P = 120. Find out the industries optimal output.
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