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On my bookshelf I have 5 books of poetry, 15 graphic novels, 8 biographies and 3 self-help books. I plan to take 7 books with me on my vacation.
1) What is the probability that I take 7 graphic novels with me on my vacation?
2) What is the probability that I take 3 poetry books and 4 biographies with me on my vacation?
3) What is the probability that I take 2 graphic novels with me on my vacation?
4) What is the probability that I take 7 self-help books with me on my vacation?
Assume that, in autarky (pre - trade), an economy has 150 workers and the MPLC is two cars and the MPLB is five boats. Find the autarky (pre – trade) relative price of cars in this economy. Suppose that: In Malaysia the unit labor requirement to prod..
In its rivalry with Westinghouse, General Electric instituted a "price protection" plan. This plan stated that if GE lowered its price, it would rebate the price difference to its past customers. Show that this plan makes collusion between GE and Wes..
The traditional mortgage amortization schedule specifies a monthly payment that is:
Prepare a 3-5 page paper in response to this narrative and upload as indicated. Karl Marx and John Maynard Keynes both felt that the "economic problem" or the "problem of scarcity" could be overcome by the human race.
At the end of 2 years, just after receiving the fourth dividend, sh esold the stock for $23 per share and paid a $58 brokerage commission from the proceeds
A. What possible impact could this event have on European trade? Provide a credible citation.
Please specify your answer in decimal terms and round your answer to the nearest thousandth (e.g., enter 12.3 percent as 0.123).
Using alpha a=0.05?, does this sample provide enough evidence to conclude that the average utility bill in this state was lower in the winter of? 2009-2010
The first demand-side elasticity discussed in class and the readings was the price elasticity of demand (ED). It is defined as the
Pick the last 2 business cycles as identified by the National Bureau of Economic Research. Explain the behavior of the following variables during each of these cycles- unemployment, inflation, GDP Growth.
The typical firm in a monopolistically competitive market does not earn long-run economic profit. Does that fact make it economically efficient? Explain why the firm will not able to earn long-run economic profit.
Explain why simple cost-benefit analysis involving public goods such these are so difficult to undertake.
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