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Assume that a baseball series lasts 5 games. Suppose a baseball pitcher strikes out an average of 2 players per game;
- Calculate the average number of players struck out by this pitcher per baseball series.
- Calculate the variance of players struck out by this pitcher per baseball series.
- What is the probability that this pitcher strikes out exactly 6 players over a series?
Which of the following statements about price discrimination is TRUE?
If a hard freeze eliminates premium coffee crop, illustrate what will take place to the price of premium coffee.
The three factors that affect elasticity are the availability of substitutes, percentage of the customer’s budget, and the time period of adjustment. Explain how each of the factors would or would not affect the price elasticity of demand for a good ..
Suppose the demand curve for a product is given by Qd = 300 - 2P + 4I, where I is average income measured in thousands of dollars. The supply curve is Qs = 3P - 50. If I=25, find the market-clearing price and quantity for the product. Find the own pr..
A portfolio manager is considering buying two bonds. Bond A matures in three years and has a coupon rate of 10% payable semiannually.
Talk about why a government may want to impose price control. But in this case, does the Mugabe government achieve its intended purpose
Assume that the economy is initially in equilibrium at potential GDP. Use an AD-AS graph to show the effect of an increase in government purchases on the price level and the output level in the short run and in the long run. Explain what is happening..
At 6% interest, how much money is required in the trust fund to provide for the laboratory and equipment and its perpetual operation and equipment replacement?
In the liquidity demand for money function, what does Dt represent?
What is the benefit for a country to join the Euro? And what is the economic argument for and against in joining the Euro monetary union for the country?
Determine the income elasticity of demand, and state whether good X is a normal or inferior good. Determine the own advertising elasticity of demand.
Compare and contrast the market economy to the command economy? What kind of economy do we have here in the U.S.
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