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In a study of schizophrenia, researchers measured the activity of the enzyme monoamine oxidase (MAO) in the blood platelets of 18 patients. The results (expressed as nmoles benzylaldehyde product per 108 platelets) were as follows:13
6.8 8.4 8.7 11.9 14.2 18.8
88 102 115 89 82 79 106
Construct a frequency distribution and display it as a table and as a histogram.
Cournot Duopoly: Each firm chooses a discrete quantity: 0, 1, 2, or 3. Present the game in matrix form, and find its pure strategy Nash equilibria. Are there any dominant or dominated strategies for either player?
A man wishes to set aside some money for his daughter's college education. His goal is to have a bank savings account containing an amount equivalent to $20,000 in today's dollars at the girl's 18th birthday. The estimated inflation rate is 8%.
What is the annual equivalent value of a geometrically increasing series of payments which has first-year base of $50,000 increasing by 10% per year for 10 years with an interest rate of 8% compounded continuously
Tennessee just instituted a state lottery. The initial jackpot is $100,000. If the first week yields no winners, the next week's jackpot goes up, depending on the numbers of previous players who placed the lottery bets
Notice that the models have different service lives. However, model A will be available in the future with the same cash flows. Model B is available at 1 time only. If you select model B now, you will have to replace it wil model A at the end of y..
Now what will your price be? How much deadweight loss will your firm create?(d) After the election, you decide your firm is not making enough money. So you hire the lobbying firm C&E. C&E are able to convince regulators that you should set ..
Consider a city that has a number of hot dog stands operating throughout the downtown area. Suppose that each vendor has a marginal cost of $1.50 per hot dog sold and no fixed cost. Suppose the maximum number of hot dogs that any one vendor can se..
The US market requires hardcover books with a marginal costs of $24.00 while the overseas market is normally served with soft-cover texts having a marginal cost of only $18.00.
The council members of a small town have decided that the earthlevee that protects the town from a nearby river should be rebuiltand strengthened. The town engineer estimates that the costof the work at the end of the first year
Tennessee just instituted a state lottery. The initial jackpot is $100,000.00. If the first week yields no winners, the next weeks jackpot goes up, depending on the number of previously players who placed the $1.00 lottery bets.
Assume the market for Florida oranges is in equilibrium. Demand is represented by Qd = 60 - 2P Supply is represented by Qs = 10 + 3P where the quantity is in thousands of pounds.
John's Lawn Mowing Service is a small business that acts as a price taker. John's short-run total cost is given by STC = 0.1q2 + 10q + 50, where q is the number of acres John chooses to cut a day. Total fixed cost is TFC = 50 and total variable co..
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