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The manager of the aerospace division of General Aeronautics has estimated the price it can charge for providing satellite launch services to commercial firms. Her most optimistic estimate (a price not expected to be exceeded more than 10 percent of the time) is $2 million. Her most pessimistic estimate (a lower price than this one is not expected more than 10 percent of the time) is $1 million. The expected value estimate is $1.5 million. The price distribution is believed to be approximately normal.
a. What is the expected price?
b. What is the standard deviation of the launch price?
c. What is the probability of receiving a price less than $1.2 million?
What are the relative strengths and weaknesses of these arguments and supporting evidence compared to other readings this week or this term? (5 or 6 bullets)
supposing that cars are capital intensive relative to shoes, which country will have comparative advantage in the production of cars? Of shoes? Explain.
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Consider two economies with identical technologies and identical initial conditions but with different corporate tax rates, τ and τ' . Determine the relative income of these two economies (as a function of time).
good price yr 1 quantity of goods year1 price yr2 quantity of goods yr2quarts of icecream 6 4 6 6bottles of shampoo 4 2
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Assume that the market equilibrium rent for two-bedroom apartments in Santa Monica, California is $1500 per month and the quantity is 40,000 units. The city council of Santa Monica establishes a rent control of $1200 per month on two-bedroom apart..
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What is the meaning of the Coase theorem can't understand how it leads to efficient allocation of resources, any tutor who can explain
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