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A package contains 9 resistors, 2 of which are defective. If 5 are selected, find the probability of getting the following results. Please round the answer to six decimal places.
0 defective resistors
P(0 defective)=
Classmates and comment on their descriptions of the circular flow diagram and factors of production. Discuss how circular flow relates to current economic situations.
Suppose that each worker in the Foreign country can produce two cars or three TVs. Assume that Foreign also has four workers. Graph the production possibilities frontier for the foreign country. What is the no-trade relative price of cars in Foreign?
Currently the U.S. national debt is over $17 Trillion. Many people feel the high level of the national debt is a very bad thing and it should be paid off. a. List and explain 3 advantages and 3 disadvantages of eliminating the national debt?
How are market structures different and what are some examples of the different market structures?
Define the terms “globalization,” “comparative advantage,” and “outsourcing.” Discuss how globalization and the economic concept of comparative advantage relate to the practice of outsourcing.
Give one historical reason and one theological reason for the split between Sunni and Shi’a Islam. A historical reason is a practical matter of political or economics. A theological reason is based on an explicitly religious idea. The material in Fis..
Assume the inflation rate is 1.59 %, an income tax rate of 39 %, and straight - line depreciation. The MARR is 10%. What is the Internal Rate of Return (IRR) of "Alt. A" after taxes in actual 5?
Suppose you are the owner of a pizza restaurant operating in a competitive market. Your cost of production is given by TC (Q)= 500+9Q-7/2Q^2+1/3Q^3, where q is the number of pizzas and TC is the total cost. What is the variable cost of production, fi..
A cartel is branch of an oligopoly. There are still a handful of large firms and many smaller firms. For instance, the diamond industry and the petroleum
Water rights, markets and rates are often tied to their intended use (e.g. commercial, agricultural, and residential) and out of use or out of basin water transfers are often prohibited. Why?
Y at PPP is only 0.05. It is well-known that investment rate dierenHSL39502.bmpe when measured at a common set of prices while very small when measured at domestic prices.
Discuss the stability of the country's currency on the foreign exchange market. Has the value of the U.S. dollar impacted the selected countries' currency value?
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