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Discuss non-monetary benefits open trade has contributed to the world since the end of WWII. Provide at least 2 examples. Why do you think these are important?
You are responsible for detecting the source of errors when the computer system fails. From your analysis you know that the source of error is the disk drive, computer memory, or the operating system. You know that 50% of the errors are disk drive er..
Why are usage-based insurance rates lower than at-rate insurance fees? Give two separate reasons and explain.
The following data pertain to products A and B, both of which are purchased by Madame X. Initially, the prices of the products and quantities consumed are: Madame X has $100 to spend per time period. After a reduction in price of B, the prices and qu..
Jack's construction company is considering the purchase of new equipment at a cost of $10,500; with an estimates salvage value of $500 and projected useful life of 4 years. Determine the straight-line (SL), sum of year's- digit (soyd) and double decl..
What will happen to the number of spinach growers in the long run? How will price and output in this industry adjust in the long run?
Suppose the production function for coffee (C) is C = min(B,W) where B = beans in pounds and W = water in gallons and the price of water is $.10 per gallon and the price of beans is $10 per pound. The expansion path is
Determine the equilibrium price and quantiy. Calculate consumer surplus. determine the new equilibrium. How have equilibrium price and quantiy changed? calculate new consumer surplus. Are consumers better off or worse off after the shock?
the quantity supplied of the Real GDP in the long run is $4.3 trillion. Evalute is the economy in short run equuilibrium. Will the price in long run equilibrium be greater than, of less than, or equal to 132.
A project was planned using PERT with three time estimates. Times expected completion times of the project was determined to be 36 weeks. The variance of critical path is 25. What is the probability that the project will be finished in 32 weeks or le..
An associate made the following statement: “My regression model of demand is better than the one the consultant prepared for us because it has a higher R2. Besides, my equation has three more independent variables and so is more complete.” Comment on..
What is the probability that a particular flight will carry between 455 to 460 and passengers?
Reenen wants to find a 90% confidence interval for the population average start-up cost µ for cosmetics businesses.
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