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A is the event that your friend is sick today and B is the event that you pass this test. These events are independent and Not mutually exclusive. Calculate the probability that your friend is sick todayy OR you pass this test: P(A+B)=?
P(A)= .9
P(B)=.3
The answer is .93 but i need help on how to get the answer.
Discuss the role of advertising also the desired impact on the industry's demand curve. Contrast this to advertising at the industry level.
Consider two consumers, John and Maria, each with an quantity of two goods: corn and sugar. Suppose now that John has 40 G and 0 S and that his MRS(GS) is 1G/1S. Maria has 20 G and 70 S and her MRS(GS) is 3G/1S. Are there gains to be had for both Joh..
Globalization is a term used to describe. A cartel is:
A firm's production function is qi = 2Li + 10Ki. Assume both variables can be adjusted, even in the short run (for instance, making an item by hand versus using a machine to do so). a. What is the firm's cost function, if w=$15, and r = $100?
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Alice and Barbara are playing a one-stage guessing game. Each must choose a number between 1 and 8 (inclusive). Alice’s target is to match Barbara’s number. Barbara’s target is to name twice Alice’s number. Each receives $10 minus a dollar penalty th..
Explain how can tax cuts help revive the economy include discretionary fiscal policy, expansionary fiscal policy, tax multiplier, Aggregate Demand-some-not all--of these and/or other terms from this week.
q1. what is the equilibrium income the marginal propensity to import and the trade deficitsurplus if consumption is
Oregon has an income tax but no state sales tax, while Washington has no state income tax but does have a state sales tax. Oregon residents can deduct the state taxes they pay (the income tax payments) from their federal income taxes, while Washingto..
Prepare a fishbone diagram showing the potential causes of your problem or opportunity. You may choose one of the Fishbone Diagram Templates from the Microsoft Website.
Assume that wages and prices are sticky and that we start at a long-run equilibrium. Assume that at this initial point, the growth rate of the money supply is 4%, the growth rate of the velocity of money is 3% and that the real economic growth rate i..
Under the responsibility scheme proposed by the Hong Kong government, households will be charged for solid waste disposal. Is this charge justifiable from an economics point of view? Explain your answer with a diagram. Is it fair to charge all househ..
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