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Suppose that each of two investments has a 4% chance of a loss of R15 million, a 1% chance of a loss of R1.5 million and a 95% chance of a profit of $1.5 million. They are independent of each other. Calculate the expected shortfall (ES) when the confidence level is 95%?
Draw a diagram with cost curves illustrating the relationship between long-run and short-run total cost curves. Explain the tangencies between the long-run and short-run total cost curves in this diagram using another diagram containing isoquants ..
Compare and contrast how discussions/assumptions about human nature and natural laws show up in the writings of Smith, Malthus and Ricardo
Marketing suggests lowering PT from $20000 to $15000. The size of the elasticity coefficient in #1 should tell you what is likely to happen to revenue. Explain why this is (or is not) a good marketing suggestion from a revenue viewpoint. If the impli..
How do the terms Bit, Byte, and Word relate to each other in a computer system?
If a restaurant served free steaks, people would consume more and more steaks until their ________ fell to zero. If food were free in your school cafeteria, you would keep eating until. Suppose you buy eight pairs of shoes every spring. This year, yo..
Examine the following proposed tax reforms. Evaluate them according to the following three principles for optimal taxation: equity, efficiency, and complexity considerations.
Argentina, 10,000 hours of labor/month:-Producing 1 bottle wine requires 4 hours
Now, the government realizes aforementioned situation that the one firm controls the industry. Economic officer from the government asks you to fix this problem. Provide your solution by applying the price regulation scheme and you have to give me a ..
What is the effect of an increase in consumer income on the market for shirts? What is the effect of a change in the weather in Europe on the market for DVDs in the U.S.? What is the effect of an improvement in the technology of producers in the mark..
From an economic standpoint are some customers worth more to a company than other customers. What factors impact how a company calculates the value of a customer?
Suppose a manufacturer produces a product that it sells to retailers who sell it to consumers. Consumer demand for the product is given by inverse demand curve: P = 100 – Q. The marginal cost of production for the manufacturer is 20.
Consider the distributional effects of agricultural productivity due to global warming. Discuss some of the ramifications this outcome would have on regional economies, national economies, and world trade.
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