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The population of lengths of aluminum-coated steel sheets is normally distributed with a mean of 30.0 inches and a standard deviation of 0.9 inches. A sample of 36 metal sheets is randomly selected from a batch. What is the probability that the average length of a sheet is between 29.70 and 30.24 inches long?
Suppose two firms are engaged in Cournot competition. The firms are identical, produce homogeneous products and have marginal costs = $0 and no fixed cost.
Discuss why a firm may decide to continue producing a good even if its price may be less than the average total cost.
In the U.S, the capital share of GDP is about 50 percent, the average growth in output is about 3 percent per year, the depreciation rate is about 4 percent per year, and the capital-output ratio is about 2.5. What must the saving rate be in the init..
In solving an arithmetic gradient problem with the gradient decreasing, which is true? Use the highest amount as the base. Calculate uniform series with that base amount, and then subtract the calculated gradient (wedge).
Econ30821 Business Economics Questions. Find and describe the inverse demand functions faced by the two firms
This profitable corporation has a 40% combined federal and state income tax rate. If it requires a real 12% after-tax rate of return on its investment
In? addition, the? nation's technology and resource productivity have remained unchanged during the past year.
My sister is debating pursuing an LPN degree which requires 2 years of college (Ivy Tech costs $6000/year) and typically pays $28000/year or an RN Associates degree which requires 3 years of college and typically pays $35000/year. Begin by considerin..
What financial impact can changing foreign currency exchange rates have on a multi-national company?
Consider the market for widgets (an inferior good). Suppose that we see an increase in household incomes and, at the same time, higher labor costs for widget producers. What is likely to happen to the equilibrium price and equilibrium quantity in thi..
Suppose a firms production function is Q = 0.2K0.5 L0.5. Its level of capital is fixed at 25 units, the price of labor is PL = $8 per unit, and the price of capital is PK = $4 per unit. The firms average fixed cost function, average variable cost fun..
An MBA student has proposed the following demand equation for good Y. What fraction of the total variation in the quantity demanded of good Y remains unexplained? What can the student do to increase the explanatory power of his demand equation? What ..
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