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Out of the students in a class, 60% are geniuses, 70% love chocolate, and 40% fall into both categories. Determine the probability that a randomly selected student is neither a genius nor a chocolate lover.
a firm has 1100000 in sales a lerner index of 0.62 and a marginal cost of 55 and competes against 1000 other firms in
On your graph, show the total surplus of the liver market the sum of consumer and producer surplus. c. Suppose the government bans the buying and selling of livers. On your graph, show the new equilibrium quantity of livers and the resulting loss ..
Production of widgets (W) uses labor (L) as its only input. The production function is given by W=F(L)=8*L^.5 and the marginal productivity MPL=4/L^.5. If widgets sell for $10, the price of labor is $8/hour, and there is a fixed cost of $25
described in Exercise 10.1, demonstrate that OLS would yield inconsistent results if used to fit the consumption function, and investigate the direction of the bias in the slope coefficient.
An economist suggests that what matters for financial markets is a stable inflation rate, not a zero inflation rate. As long as inflation is stable, all individuals can take this into account in their actions. a. What are the costs associated with..
A tractor for over the road hauling is purchased for $ 90,000. It is expected to be of use to the company for 6 years, after which it will be salvaged for $ 4,000. Calculate the depreciation deduction and the unrecovered investment.
Suppose that there is a consumer who consumes 2 types of goods: Good A and Good B. The consumer has $84 and the price per unit of Good A is $4 and the price per unit of Good B is $7.
A facility requires $2500000 in debt capital. The plan is to sell twenty-year bonds that pay 4.2 percent per year, payable quarterly, at a 3 percent discount on the face value. The facility has an effective tax rate of 35 percent per year.
You have just purchased a new Ford Taurus for $20,000, but the most you could get for it if you sold it privately is $15,000. Now you learn that Toyota is offering its Camry, which normally sells for $25,000, at a special sale price of $20,000.
In particular, assess whether, in your view, its continued funding is critical to the country in light of the federal debt, redundancies, free market alternatives &, especially whether its actual existence is consistent with the purpose of governm..
49027 Energy Demand Analysis and Forecasting - What factors and mathematical functional form will you consider in developing a first-cut econometric model?
In each of your examples, show how innovation and learning-by-doing are important to the dynamic increasing returns in the industry
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