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During the Cold War, Russian submarines would post as close as they could to the west coast of the US. In the case of an ordered attack on the US, or need to retaliate, basically to give them and edge or an upper hand they would be prepared to engage in offense. The US air force knew of their activities in the water, but didn't know exactly where they would be posted. S2 aircrafts were sent out either from a post on land or a carrier to search for the submarine. Through their search patterns when the enemy submarine has been located the S2 will hover over the submarine. An aircraft only has so much fuel before it needs to return to its post and refuel. At the time the pilot realizes he needs to refuel, they notifies the base where they came from for the base to send out another aircraft to be sent to the location the air craft, who is running out of fuel, last was (i.e. where the submarine was located). The first aircraft cannot wait until the second aircraft comes to take its location. So it leaves its position before the second aircraft arrives. Note, when US S2 aircrafts spotted the Russian submarines, the submarines know that they had been located. So when the first aircraft leaves before the second one arrives, the submarine has a certain amount of time to move from its previous location and cause the US to begin searching for it again. We are tasked with trying to find the probability of the second aircraft finding the submarine during the gap or lapse of time between aircraft 1 leaving its set position where the submarine is, and aircraft 2 returning to the position of aircraft one. State assumptions
Elucidate causes for shifts in supply and demand for the chosen product. Explain how these shifts in supply and demand influence price, quantity and market equilibrium.
Think of a product you believe is mass marketed. How did you arrive at this conclusion? You might want to comment on classmates' posts with your opinion as to whether they have selected a mass-marketed product, and if not, why you think their choice ..
Many argue that breaking up a monopoly is a Pareto-efficient change. This interpretation cannot be so because breaking up a monopoly makes its owners (or share holders) worse off. Do you agree or disagree. Explain your answer.
Suppose the real interest rate is 4% and the expected inflation rate is 3%. If the money supply increases by 10% and output, the real interest rate, and the expected inflation rate are unchanged, then the price level increases by
q.a monopolist operates in two markets. one market is the domestic market described by the demand function qd100-pd
The table below represents the production function for Hawg Wild, a small catering company specializing in barbecued pork. The numbers in the cells represent the number of customers that can be served with various combinations of labor and capital.
The market allows for proportional representation of minorities, but minorities must yield to the views of the majority when activities are undertaken through government.” In your own words, explain the meaning of this statement. Is the statement ..
What is the inflation year over this year? What nominal or money interest rate would the investor receive?
Your firm is considering the purchase of an old office building with an estimated remaining service life of 25 years.
Mr. Roe gave up a job paying $18,000 and investments paying $6000 a year to pen this business. What is his accounting profit and what is his economic profit?
The discount rate for the stock is 15% and the rate of return on reinvested earnings is also 15%
A competitive firm has a short-run total cost curve STC (q)= 0.1q^2 +10q +40. Find and plot the SAC and SAVC curves. For this function, the SMC curve is given by SMC (q)= 0.2q +10.Include this curve in your diagram for part b. Write the equation for..
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