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Binomial Distribution. An official from the securities commission estimates that 75% of all online bankers have profited from the use of insider information. Assume that 15 online bankers are selected at random from the commission's registry.
What is the mean number of online bankers who have profited from the use of insider information?
Find the variance of the number of online bankers who have profited from the use of insider information.
Provide reasons why monopolists do not exhibit resource allocative efficiency. Why monopolists cannot obtain any price they wish.
Assume that the business cycle in the US is best described through RBC theory. An advance in technology raise productivity.
Elucidate the difference among the consumption of a free good and a good that is not free.
The following table shows nominal GDP and an appropriate price index for a group of selected years. Compute real GDP, and indicate in each calculation whether you are inflating or deflating the nominal GDP data.
Illustrate this strategic interaction using a game in normal form and has WallMart a strictly dominant strategy? Has it a strictly dominated strategy? Clearly explain.
Identify the buyers and sellers as well as the goods or services. How closely do real world conditions match the characteristics listed in the model. Are the sellers price takers.
Discuss the changing economic variables in China that influenced McDonald's expansion strategies.
Make an example of a comparative advantage model by 'choosing two countries and two products.
Discuss the difference among inflationary gap and deflationary gap.
Explain why is rising per capita income necessary but not sufficient for broadly reducing poverty and improving human welfare.
Audio engineer quit job & gave up salary of $175,000 per year to start own business. Partial income statement listed below:
Pick a good or service. Distinguish between the short-run and the long-run production and cost function for that good or service. Discuss how price plays a role in short-run and the long-run decisions and how managers are likely to respond in each..
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