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A sample of automobile batteries is tested. The distribution of battery life is found to be mound-shaped and symmetrical (normal) with a mean life of 48 months and a standard deviation of six months. The batteries carry a 12-month guarantee. What percent of batteries will fail in less than 12 months?
What happens to the population size in the long run? Does the Iron Law of Wages (where Malthus asserted that technological change would not improve human living standards) hold in this case? Why or why not?
illustrate what will be the effect of an excess of planned investment over saving in a private closed economy with unemployed resources.
What should Honda and Toyota do to manage this short term average price increase.
Equilibrium in the market occurs at a price of $2,500 and a quantity of 10,000. Draw the demand curve that must exist if consumers bear the entire burden of a $500-per-TV tax imposed on this market
Assume the price falls to $ 7.50. What think would be a short-run impact on the production of the company. What would be the long term.
While sitting in your office one evening, you begin to think about some of key microeconomic messages you want to communicate to Board. Find equilibrium quantity and price.
Explain how do acts of intellectual piracy hurt American companies.
Describe the factors that influence the reliability of time-series forecasts. Under what circumstances would a time-series model offer a fairly reliable forecast?
Paul owns a home on the top of a hill and enjoys an unobstructed view of a large wooded area.
Suppose that an increase in consumer confidence raises consumer expectations of future incomes and thus amount y want to consume today this might be interpreted as an upward shift in production function how does this shift affect investment and r..
Tthe price of elasticity of supply is of apartment is 0.50 use the demand and supply curve to show the initial equilibrium point a.
It is priced at only $400. Suppose your opportunity cost of funds is 5 percent , which refrigerator should you purchase.
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