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According to a recent study, kids aged 12 to 17 watched an average of 3 hours of television per day. Suppose that the standard deviation is 1 hour and that the distribution of the time watching television has a bell-shaped distribution.
What percentage of kids aged 12 to 17 watches television between 2 and 3 hours per day?What percentage of kids aged 12 to 17 watches television between 1 and 4 hours per day?What percentage of kids aged 12 to 17 watches television more than 4 hours per day?
the demand for its product comes from two types of customers, I and II. Each type I customer (there are 25 of them) has a demand curve given by Q=12-P, while each type II customer (there are 30 of them) has a demand curve given by Q=9-P.
A small business owner who owns/operates a snow removal company is planning to diversify and begin installing in-ground swimming pools to enhance his income for the next two years. He forecasts that he and his employees will be able to install16 i..
Assume they they buy if price exactly equals to willingness to pay. The monopolist can produce the good at a constant marginal cost 3. a. describe efficient allocation of the good b. describe the profit-maximizing price when no price discrimination ..
Which point flat of the curve medicine is experienced in the following example (imagine that antibiotics have been prescribed for a given population of 1000 elderly persons. Number of prescriptions 0,100,200,300,400,500.
An income-producing property has an annual gross rent income of $1,000,000 and annual expenses of $300,000. Every 5 years, the parking lot need to be re-surfaced at $60,000 and every 10 years, the rood will have to be maintained at $40,000.
where P is the price of cigarettes in dollars and Q is in millions of cigars Using calculus, show that the demand and supply curve have constant elasticity along their entire length. What are the values of the demand and supply elasticities
You are an assistant to a senator who chairs an ad hoc committee on reforming taxes on telecommunication services. Based on your research AT&T spends $15 million on related paper work and compliance costs. Depending on the locale, telecom taxes ca..
Now calculate the GDP deflator for 2011 and 2012 (assuming that 2011 is the base year). d) What is the rate of economic growth between the two years as defined byt he percent change real GDP. e) What is the rate of inflation between the two years?
Suppose a company owns two plants, plant A and plant B. The total cost functions are as follows Plant A: TCA = 5qA + 0.1qA2 Plant B: TCB = 5qB + 0.2qB2 1. Suppose that the company is a price taker and the market price is $10.
Suppose that there are two types of players, good and medium. the team demand curve for top-quality players is Q = 27 - 5 w , and the market supply of top players is Q = 4w, where w is the wage in millions of dollars.
Jerry will receive the following payments: 905 in year 3, 952 in year 5 and 933 in year 9. What is the purchasing power of the present value of these payments if the market interest rate is 16% per year and the inflation rate is 8% per year
Dell sells its computer for $2000=14000 Yuan in China. If the Yuan/dollar exchange rate goes up 10% (dollar value increase 10%), what will happen to the price of the computer in Yuan How about the demand
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