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Suppose a rare infectious disease occurs at the rate of 2 per 106 people per year.
(a) What is the probability that in New York City (population about 8 million) exactly 25 cases occur in a given year?
(b) What is the probability that at least 25 cases occur in a given year?
Monthly Gross Income: $3,000 Money you have in savings for a down payment: $9,500 You have monthly payments for all existing debts of $400 How much do you qualify to borrow (assume 28% debt to income ratio and 10% down payment)
Analyze the major barriers for entry and exit into the airline industry. Explain how each barrier can foster either monopoly or oligopoly. What barriers, if any, do you feel give rise to monopoly that will allow the government to become involved t..
Why do people hold bonds rather than larger savings account or checking account balances Under what circumstances might they change their portfolios, moving their funds out of bonds and into bank accounts
What are the equilibrium levels of consumption, private saving, public saving, and national saving, based on the equilibrium level of output you just found?
Analyze the effects of a reduction in the nominal money stock on the price level, on output, and on the real money stock when the aggregate supply curve is positively sloped and wages adjust slowly over time
Describe how this change affects output both immediately and over time. Is the steady state effect on output larger or smaller than the immediate effect?
It is mentioned that Whirlpool provides three different types of appliances that vary in the amount of features that are offered. Discuss the product differentiation across these types. How could this affect production costs negatively? Positively? W..
Assuming that labor is the only variable input in the short run, draw a typically shaped marginal product cuve for labor. Explain why the curve looks like this. Identify the point where the law of Diminishing returns sets in.
The day after Thanksgiving, I've already invested time and money in training you, and don't have time to train a replacement; you suddenly realize you're in a strong bargaining position, and threaten to quit unless I raise your salary.
Master Card has a series of cute commercials that list a series of accounting items and costs leading to a priceless product. Cell phones are often advertised as being free. In economics, it is said that nothing of value is either free or priceles..
Economists in the ministry of agriculture in kwale count
Mr. Jones becomes president. He declares everyone should be able to afford a white chocolate mocha. A law is enacted that the first white chocolate mocha anyone buys each week shall be priced at no more than $3. Graph what this law would look ..
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