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Of the shirts produced by a company, 5.5% have loose threads, 8.5% have crooked stitching, and 3.5% have loose threads and crooked stitching. Find the probability that a randomly selected shirt has loose threads or has crooked stitching.
A mining corporation purchased $120,000 of production machinery and depreciated it using SOYD depreciation, a 5-year depreciable life, and zero salvage value.
Draw a few of her indifference curves, and show her optimal choice. How many left shoes and how many right shoes does she buy?
What does the forecast of supply and demand for the long-term care industry look like for the next 25 years and how should that impact decision making?
There are 20,000 hours of labor for country A. 5 hours of labor are required to produce 1 unit of S, while 4 hours are required to produce 1 unit of T. If a world relative price is given as 2, and A's imports = 2,000, what are A's exports?
Compute the unemploymet rate and the labor forceparticipation rate,and compare thse raes wth those in the United States in 2009.
studies on the comparative work habits of the wealthy tell a different story. Research by professors Mark Aguiar. Explain which wealthy person has reservation wage.
q. suppose that the total stock s0 of a nonrenewable resource is 15 units. the quantity demanded of the resource in
Are cyclical fluctuations necessary for economic growth?
What is the primary advantage of revealed-preference valuation methods (e.g. hedonic pricing and travel cost methods)? What is their primary disadvantage? Explain both answers briefly.
Use the IS-LM model to illustrate graphically the impact of the Pigou effect on the equilibrium level of income and interest rate during the Great Depression, when prices were falling.
A secondary reason for a government to impose a tariff is to:
Market Research, Inc., wants to know if shoppers are sensitive to the prices of items sold in a supermarket. A random sample of 802 shoppers was obtained, and 378 of those supermarket shoppers were able to state the correct price of an item immediate..
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