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Consider drawing two balls, without replacement, from an urn containing five balls marked with the numbers 1,2,3,4, and 5. If the first ball drawn is marked 3, compute the expected value of the number drawn from the second drawing.
You have been hired by a consulting firm that advises a country on monetary and fiscal policy matters. Your assignment is to develop monetary policy options for the country. The country explicitly states that its long-run inflation target is 2%.
Show that these choices are inconsistent with expected utility maximization.
Calculate the dominant firm’s residual demand, and marginal revenue of its residual demand. Plot them on the graph. Calculate the equilibrium quantity and price set by the dominant firm. Also calculate the equilibrium quantity supplied by each compet..
If your demand for some good x is X=0.3 I/Px a) is X a normal or inferior good? Show me how you know. b) is good Y a substitute or complement for good X? Again, show me how you know.
Given that the US economy production function (to calculate current GDP and potential GDP) is : GDP = Y= F(K,L,N) = 0.04K+0.03L+0.03N. The current GDP is produced with K=200, L=100, and N=100, the full employment GDP (potential GDP) can be potential..
A family farms corn on their land. They must decide how to produce corn: they can harvest the crop entirely with hours of their own labor (z1), they can harvest entirely by machine (z2), or they can use a combination of labor hours and machine hours...
Illustrate what are the values of the tax-adjusted utilize cost of capital, the desired future capital stock also the desired level of investment
Find the spot, futures, and the interest rate in the US to decide if the firm should enter into a futures contract or do a synthetic forward.
In recent decades, trade has been growing faster than income for many countries. What combination of trade effects is sufficient for this to come about? Is this behavior consistent with the Rybczynski theorem? Under what circumstances?
1. Ask the user for a positive number between 1 and 23, only accept those numbers. 2. Maintain a running sum of the numbers
If these opponents are correct in their view of murder being an irrational act, depict what the demand curve for murder looks like.
The state of California has a chronic budget deficit. In 2009 and 2010 the state has raised taxes and fees and cut spending
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