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The weekly amount of downtime Y (in hours) for an industrial machine has approximately a gamma distribution with α = 3 and β = 2. The loss L (in dollars) to the industrial operation as a result of this downtime is given by L = 30Y + 2Y 2. Find the expected value and variance of L.
Assume that the monopoly faces the inverse market demand function: What should be the monopoly's profit-maximizing output?
What three factors determine whether two economics with separate fiscal and monetary authorities should form a currency union Give illustration of each factor using NAFTA economies.
1. caty consumes only goods x and y . her utility function is ux y minx y. we are given that px 3 py 6 and catys
Answer the following questions concerning the role of assessment of public health: Define public/community health. How does this differ from personal health?
Draw the demand curve and the supply curve for Maine lobsters. What are the equilibrium price and quantity of lobsters?
Verify that, except for the effect of rounding, the sum of the deviations from mean is equal to 0 for this data set. (If you rounded the sample mean or the deviations, your sum may not be exactly zero, but it should be close to zero if you have co..
Q.1. What do you mean by horizontal and vertical analysis of financial statements? Q.2. Discuss the categories of Ratios with the help of suitable example.
One well-known ethical theory, utilitarianism, suggests that an act is ethically justi?ed if it results in the "greatest good for the greatest number" when all relevant stakeholders are considered. Did Ford's cost-bene?t analysis validly apply thi..
what do you think about idea of private money? how do you think it would work? if people were free to use whatever
The initial cost of a pickup truck is $12,975 and will have a salvage value of $3,622 after five years. Maintenance is estimated to be a uniform gradient amount of $134 per year, with zero dollars for first year maintenance.
the lecture described how taxing income may change savings behavior. suppose instead that the government taxed
Generally speaking, higher income countries tend to have less income inequality than low income countries, however this does not always hold true. What could cause a low income country to have low income inequality?
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