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A busy professor can't decide whether to stay in his office to grade papers for another hour or to go home and go to bed. This is an example of:
Starting salaries of economics majors have a mean of $47,000/year with a standard deviation of $8,000. What is the probability that a random sample of 100 majors will have an average salary of more than $50,000 year?
Discuss the short-run effect on output, unemployment, general price level and interest rate with a substantial increase In the factor cost of production.
A rural utility organization gives standby power to pumping stations using diesel-powered generators.
Explain the difference between a short-run production function. Cite one example of this difference in a business situation Explain the relationship between a firm's short-run production function and its short-run cost function. Focus on the margin..
Suppose that the income effect of the tax induced price change is negligible, the excess burden of the tax will be.
Describe the total cash flows in real terms and the depreciation tax shield. What is it that has you concerned.
Explain what caused the Financial Crisis of 2007-2009 and explain how in the economy could be self-regulating in the long-run and should recover from the Great Recession.
Find the terminal velocity and the relaxation time Tr (the characteristic time required to reach approximately the terminal velocity) for both cases of light and heavy particle.
If a 20 percent lowring in the price of long distance phone calls leads to a 35% increase in the quantity of calls demanded, we can conclude that the demand for phone calls is:
Consider the market for economictextbooks. Explain whether the following events would causean increase or a decrease in the supply or an increase or adecrease in the quantity supplied. The market price of paper increases.
Margaret has a project with a 28000 first cost that returns 5000 per year over its 10 year life. it has a salvage value of 3000 at the end of 10 years. if the marr i 15%, what is the annual worth of this project?
Illustrate what performance percentage would you use to trigger executive bonuses for that year. Explain why. What issues would arise with the hiring and retaining the best managers.
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