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The length of life of oil-drilling bits depends upon the types of rock and soil that the drill encounters, but it is estimated that the mean length of life is 75 hours. An oil exploration company purchases drill bits whose length of life is approximately normally distributed with mean 75 hours and standard deviation 12 hours. What proportion of the company's drill bits
a will fail before 60 hours of use?
b will last at least 60 hours?
c will have to be replaced after more than 90 hours of use?
Define Organizational Culture and how does the text explain to build a positive culture? Does your organization build a positive culture? Why or why not?
what is an externality? provide at least three examples. how does one of the examples you provided affect the market
write a 4-6 page 12-point font double-spaced essay evaluating the role of governments in assuring that developing
Outline a plan that managers in the low-calorie, frozen microwaveable food company could follow in anticipation of raising prices when selecting pricing strategies for making their products response to a change in price less elastic.
Describe free trade and its impact on the global economy. Describe demographic factors and how they affect the economy.
which factors make the strongest impact on your personal labor productivity or that of your closest family member if
Presume that the representative consumer’s preferences change, in that his/her marginal rate of substitution of leisure for consumption increases for any quantities of leisure and consumption. Describe what this change in preferences means in more in..
phillips industries manufactures a certain product that can be sold directly to retail outlets or to the superior
Consider an intertemporal utility maximizer with decreasing marginal utility. Suppose also that her preferences dictate that she maximizes at the consumption point of no borrowing or lending. She is neither a borrower, nor a lender. Explain whether t..
A pharmaceutical firm has a monopoly on a new class of vasodilator. The market demand is given by P=240-0.01*Q, and thus MR=240-0.02*Q. The monopolist's marginal cost is constant and equal to 20. Calculate the profit-maximizing price.
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Explain the most important characteristic in perfect competition, monopolistic competition, oligopoly, and monopolies and relate the characteristic to how these firms can make profits in the short run. In your analysis, make sure to relate an e..
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