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The length of time Y necessary to complete a key operation in the construction of houses has an exponential distribution with mean 10 hours. The formula C = 100 + 40Y + 3Y 2 relates the cost C of completing this operation to the square of the time to completion. Find the mean and variance of C.
contrast microeconomics and macroeconomics. Categorize each of the following issues as a microeconomics issue, a macroeconomic issue or not an economic issue.
Which resource and in which country/industry are seen as scarce and what is being done in the industry or country. What substitutes have been used to overcome this problem
Draw the demand curveb) Calc e when P= $200, P= $100, and P= $0c) carefully draw the total expenditure/revenue curved) what price maximizes the revenue received by the seller
Smoking creates negative consumption externality as the social cost of smoking is much higher than its private cost. Prop 86 of the Nov 7, 2006 election proposes to impose an additional tax of $2.60 per pack of cigarette. Does this tax increase the s..
Explain how either the Newhouse model or the Physician Workshop model could explain why hospitals might inefficiently over-invest in expensive, new technologies. What drives excessive technology investments in each model
An economy is operating with output $400 billion below its natural rate, and fiscal policy-makers want to close this recessionary gap. The central bank agrees to adjust the money supply to hold the interest rate constant, so there is no crowding o..
If the demand curve is much more inelastic than the supply curve, then buyers will shoulder more of the burden of a tax placed on suppliers of a product.
the solutionnbsp turn blue-black at 4differentnbsp times. the concentration of iodine ion will have changed by 0.0020
Discuss the unemployment rate, types, issues, and government policy of Australia and comment unemployment in various states of Australia. You need to specify in different region like NSW, WA, Tasmania, Qld or SA.
question a discuss the following statement in the real world there is no industry which conforms precisely to the
a. Assuming you are currently charging $55 per table set, what should you do if you want to maximize profits?Answerb. Given the demand and cost estimates, what price should you change if you want to maximize your weekly profit?What output should you ..
Linus sells hot dogs outside the Dakota Dome during tailgating. He needs exactly one hot dog and one bun to create a hot dog he can sell. Assume no condiments.
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