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Using a survey, researchers found that women spend on average $100 a standard deviation of $15 for the Christmas holiday. Find the following probabilities. Assume the variable is normally distributed. a. What is the probability that someone spends less than $95?
Describe Wheatley theories and perspectives of leadership and organization. How do Wheatley's ideas support the new business realities?
What is the inflation year over this year? What nominal or money interest rate would the investor receive?
A monopolist estimated that the own-price elasticity of demand for its product is -4.5 and its advertising elasticity of demand is 1.5. Assuming these elasticities are constant, what fraction of the firm's revenues should the firm "reinvest" in adver..
For an automotive company, what would be some competitive strategies that could help them maximize their profits in the long run?
A consumer buys only two goods, X & Y. a) If the MRS between X and Y is 2 and the marginal utility of X is 20, what is the marginal utility of Y?
An end-of-aisle price promotion changes the price elasticity of a good from -2 to -3. If the normal price is $10, what should the promotional price be?
K=10, graph the total and average productivity of labor curves. At what level of labor inputs does this average productivity reach a maximum?
What is the difference between anaerobic and aerobic respiration in muscle tissue. When are each of these metabolic pathways used?
The labor market for nurses though cyclical often has been characterized by prolonged periods of apparent shortages. One potential explanation for the phenomenon is the monopsony power of hospitals as employers of nurses. Discuss why monopsony may (o..
Suppose Fred and Barney have different time discount rates. There are two periods of life: “young”, and “old”. Fred’s present value of receiving a dollar next period is given by $1/(1+r), r=0.5 whereas Barney’s value for r is 0.02. Fred and Barney ar..
Supply (like Technology) and provide a one sentence justification. Use separate supply and demand diagrams to illustrate how each of these hypotheses could lead to an increase in the quantity of drugs consumed. Be sure to carefully label each graph, ..
The number of smart phones sold markets has quadrupled over a three-year period. The average price of a smart phone has also fallen. Use supply and demand analysis to give the simplest possible explanation about what is happening.
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