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Suppose an "otitis-prone family" is defined as one in which at least three siblings of five develop otitis media in the first 6 months of life. What proportion of five-sibling families is otitis prone if we assume the disease occurs independently for different siblings in a family?
consider two competitive economies that have the same quantities of labor l 400 and capital k 400 and the same
Assume that a piece of property is purchased for $200,000. A 20% down payment is made and the rest is financed through a 15-year mortgage loan with a 5 1/4 0/0 annual interest rate, compounded monthly.
Two procedures for sintering copper are to be compared by testing each procedure on six different types of powder. The measurement of interest is the porosity (volume percentage due to voids) of each test specimen. Is there sufficient evidence to ..
Describe the welfare costs of a monopoly and discuss the regulator organizations that monitor anti-trust inAmerica. Name these organizations and their functions.
Two metal blocks, one at 50o, and the other at 0o are set next to each other in a perfectly insulted box at time t = 0. At this instant are the blocks in thermal equilibrium? Now suppose you wait a long time. Are they in equilibrium now?
As the skill level (and therefore earnings rate) of, say, an architect, computer specialist, or chemist increases, what happens to his or her opportunity cost of doing other things? How is the time spent on leisure likely to change?
Discuss the analytical and empirical validity of the statement that the Pigou effect ensures that full-employment equilibrium exists if prices and wages are ?exible.
How do I construct a composite index? Please show work so I can understand the concepts and apply them on my exams.
1. the following is a linear programming formulation of a labor planning problem. there are four overlapping shifts and
Suppose that the fixed cost of preparing a codex was 58 drachmas and that there was no similar fixed cost for a scroll. Would an ancient book publisher who intended to sell 5 copies of a book be likely to publish it as a scroll or as a codex? What..
The price elasticity of demand for long-distance call.
question 1. a. using the data from table calculate the elasticity of demand and elasticity of supply at each price
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