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Q1. Difference between sample points in the sample space and the sample points in subset of sample space is considered as?
A. numerical complementary events
B. equal compulsory events
C. complementary events
D. compulsory events
Q2. A box contains 13 white cards numbered 1 through 13.
a) List the sample space associated with drawing a single card and noting the number printed on it. (answer here)
b) List the outcomes of the event the card drawn has a number greater than 6.
A. {1,2,3,...13}
B. {11}
C. {7,8,9,10,11,12,13}
D. {6,7,8,9,10,11,12,13}
If he now produces 35 bow ties and 15 neckties, what is the opportunity cost of producing an additional 15 neckties?
Before 1976, the airlines often denied boarding to passengers who were flying on urgent business in favour of passengers who were not in any particular hurry to reach their destinations. This would seem to be a cooperative failure.
What did you learn? Why is it important? How do the Economics concepts we just covered impact the economy, you and your family, your friends and your employer? 1. Select the top ten (10) most important ideas / concepts you learned in chapters 3 & 19 ..
For a firm to be in a profit-maximizing position, not only must MR = MC, but also revenue must at least equal variable cost in the short run and total cost
If the firm is in the 35% tax bracket and the appropriate discount rate is 9%, what is the present value of the tax savings?
What is the specific factor model in international economics? What are the differences between it and the Ricardian Model?
An economist estimated that the cost function of single-product firm is C(Q) = 40 + 9Q + 9Q2 + 9Q3
1. "Company X announced a loss of Y% in the second quarter of 2019. Their stock price is up Z%."
Express the equilibrium production level qe and the equilibrium price pe in terms of the coef?cients a, b, c, and d.
Golden Engineering is a small firm with a cash flow problem. The owner is planning on putting the monthly travel costs of $4000 on his corporate credit card
Rent control is an example of a price ceiling. Which of the following problems must be addressed under a rent control program?
i. Calculate the size of the working age population. ii. There are 11,334 people unemployed. Calculate the unemployment rate.
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