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A box has 2 red and 3 green balls. Three balls are drawn at random, without replacement from this box and put in another empty box. One ball is then drawn at random from the 3 balls that are in the second box. If this ball is red what is the probability that exactly 1 of the 3 balls drawn at ?rst was red?
Purchased in 2007, the first cost was $750,000 with S = $150,000 after 10 years. MACRS depreciation with n = 5 years is applied in the United States and stan- dard SL depreciation with n = 10 years is used by the Malaysian facility. Develop and..
According to liquidity preference theory, if the quantity of money supplied is greater than the quantity demanded, then the interest rate will. Fiscal policy makers are working to increase Aggregate Demand to the greatest extent they can. They have $..
Determine the profit maximizing ticket price for the theater. What is the price elasticity of its demand at this price? What is the elasticity of its demand with respect to advertising?
Identify two goods each whose demand exhibits high income elasticity.
Write 5 page paper examining the variety of ways used to accumulate capital and wealth; and how poverty was dealt with in the early colonial days. What are the theories guiding assistance to the poor in the colonial period?
Why is time such an important determinant in the elasticity of supply and Is time also important in determining price elasticity of demand? Explain
You are looking to purchase a new vehicle for $25,789. This vehicle gets 22 mpg and you average driving 14,000 miles per year. The vehicle will lose 30% of its value the first year but the salvage value will only decrease by 10% per year after that...
Consider a monocentric city with commuting costs of $40 per mile.A household 8 miles from the city center occupies a dwelling with 1000 square feet at a monthly rental rate of $600
Illustrate graphically how the detergent cartel would set price and output and do you think this laundry detergent cartel with P&G and Lever will be stable for the next 5 years?
for a given nation suppose the following table shows the relationship between real consumption and real disposable
The BLS also com- piles international data on manufacturing productivity at http://stats.bls.gov/news.release/prod4.toc.htm. For the most recent period, which nations have enjoyed the most rapid growth in manufacturing productivity? Which nations ..
Suppose the government imposes on producers an excise tax of $20 per T-shirt. What will be the new market equilibrium price and quantity
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