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Last year, in a major Canadian city, there were 115 days with rainfall and 295 days with at least some sunshine. On 75 days there was both sunshine and rain.
If you know that tomorrow will be sunny in the city, what is the probability that it will rain tomorrow
What is the hedonic theory of wage differentials? Discuss the characteristics of a normal- profit isoprofit curve. Combine isoprofit curves with worker indifference curves to explain how two workers with identical stocks of human capital might be pai..
Suppose you have a perfectly elastic supply curve represented by P=5, and a demand curve represented by the equation P = 20 - Q . Draw a supply-and-demand diagram representing this situation, and find the equilibrium price and quantity.
The international organization that replaced the General Agreement on Tariffs and Trade (GATT) is the
What is the probability that 2 or more would have an IQ greater than 140. Represent your solution as an expression of ?=p(IQ>140) and give ?.
Illustrate what can the marketing director do to increase the explanatory power of a trade's equation.
Define real and nominal GDP. Which form of GDP (real or nominal) do you believe should be utilized when assessing the performance of the US economy over time? Why?
A pure monopolist determines that at the current level of output the marginal cost of production is $2, average variable costs are $2.75, and average total costs are $2.95. The marginal revenue is $2.75. What would you recommend that the monopolis..
During the U.S. stock market collapse of 2007, Paula's financial advisor recommended that she invest in a number of pharmaceutical companies while their stock values were down considerably. He expected these companies to maintain high dividend yields..
Give a single definition of the term “the market” as it is used in expressions like “the market for wheat,” “the legal US market for kidneys,” and “the market for the common stock of a particular corporation.” Explain why your definition is broad eno..
Assume that a men's dress shirt was selling at $100 in a store. After one week, the store sold only 50 shirts. Then the manager of the store declared a sale "buy one get one free". This resulted in a sale of 200 shirts in the following week. Calculat..
Will monitoring costs decline or increase when employees are paid the above-market equilibrium wages by the firm?
1) In your opinion, is Microsoft a monopoly? If not, which qualification is not satisfied?
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