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You work in the quality control office for a company that manufactures fluorescent light bulbs. Your company offers a 4-year (1461 day) warranty on these bulbs. The average life span of your bulbs is 1600 days with a standard deviation of 90 days. What percent of light bulbs will you have to replace?
Gomez runs a small pottery firm. He hires one part-time worker at $12,000 per year, pays annual rent of $5,000. for his shop and spends $20,000. per year on materials. Gomez has $40,000 of his own funds invested in equipment (pottery wheels and kilns..
If you receive an inheritance of $10,000 today, how long do you have to invest it at 8% per year to be able to withdraw $2,000 every year forever? Assume the 8% per year is a return that you can depend on forever.
What is the final speed of the bowling pin if the collisions is elastic? Assume all variables are known to 3 significant figures and ignore friction.
q.1. there are two firms in an business producing identical products. market inverse demand curve is pq 1-q where q
Graphically show the income and substitution effect using indifference curves and budget constraints and discuss why it is important to look at this when the price of a good changes.
Which of the following examples would tend to cause an increase in the wage rate for the job?
q.a competitive firm sells its product at a cost of 0.10 per unit. its total cost function istc 5 - 0.5q 0.001q2a
A retail outlet is being designed in a strip mall in Nebraska. For this outlet, the installed fiberglass insulation to protect against heat loss in the winter and heat gain in the summer will cost an estimated $90,000.
By DEFINITIONS, I mean, how would you define the concept or term, and could you give an example (using a graph if necessary) to make your definition very clear?
Suppose that John is the only TV seller in Madison. The average variable cost is constant at $20. There is no fixed cost. Suppose further that each consumer may buy up to one TV. Suppose that there are only rich people in Madison and there are 20 of ..
The purchase of a large-volume copier is being considered. Use MACRS and the current tax law. The corporation's taxable income exceeds $20M.
Calculate Required Reserves and Excess Reserves. What is the total amount of money this bank could create by loaning all of its Excess Reserves?
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