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A man deposits $50,000 in a bank that pays 25% simple interest per annum. If the man goes to withdraw the money after four years, determine the amount that he will get in his account?
At some levels of output Acme's average total costs are less than Generic's, but at some levels of output Generic's average costs are less than Acme's.
Assume that student marks are normally distributed. A random sample of 25 students' marks yield a sample mean of 70 and a sample standard deviation of 10. Estimate the population mean of marks with 95% confidence.
Do you agree or disagree with the following statement? "Politicians would make more rational economic decisions if they weren’t running for re-election every few years.” Are there any benefits of making politicians go up for re-election?
q.suppose we have the following three projects up for vote a naval ship a hospital and a park. there are three
In a sample of 49 children selected randomly from one town, it is found that 8 of them suffer from asthma, Find the P-value for a test of the claim
The Cole family owns a house with an alarm system that they activate whenever they leave the house. Recently, the Cole family purchased homeowner's insurance that fully covers all losses. After purchasing the insurance, family members haven't been us..
In the long run, what happens to the demand curve facing a monopolistically competitive firm that is earning short-run profits? The demand curve will shift to the left and became more elastic. The demand curve will shift to the right and became more ..
The government has instituted a price of $3.00 for wheat, which is above the equilibrium price of $2.00 in the domestic market.
Ambassador Automobiles (AA) is not sure of their order of 100 units to Diversitek (D). Based on the market research, there is only a 35% chance that AA purchases the order of 100 units of SS from D and a 65% chance that AA purchases the order of 50 u..
If GDP increases in nominal terms from $600 billion in 1994 to $663 billion in 1996 and the price index (1992 = 100) rises from 120 to 130, how much real growth (in 1992 dollars) in GDP occurred between 1994 and 1996?
A firm operating in a perfectly competitive industry is producing a daily output which supports total revenue equal to $5,000. That output is its profit-maximizing output. The firms average total cost is $8, its marginal cost is $10, and its average ..
Your partner and you have met with your property insurance agent for an annual insurance policy review. Your partner asks why you have to pay so much for liability insurance. What would you tell your partner about liability and negligence issues?
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