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Pam believes it's important to stay hydrated every day. On any given day at work, the amount of water (in litres) that Pam drinks is normally distributed with mean 2.2 and variance 0.04.
Find the probability that Pam drinks between 1.77 and 2.186 litres or more than 2.5 litres of water today.
You may assume diminishing returns to labour and constant returns to scale in production.
Identify two of the beneficiaries of the secondary markets (of the multi-sided network effects) for Windows OS. And identify the nature of the value(s) of the network effect?
What is the Bretton Woods system? Why was it created and why did it collapse? How has this collapse ushered in more volatile exchange rate and frequent financial crises?
If the inflation rate unexpectedly rises from 1.5% to 7% next year, will Ford be better or worse off?
What is the relationship between chicken and onions? What sign do we expect the Cross-price elasticity to have?
Write down the formula for the budget constraint, and what happens if we allow for the stamps to be traded at a price equal to 1.
You find that the car requires repairs of 1,200 dollars in order to get it to run. Once it is repaired, it will definitely not break down again. Assuming that the car is worth 3,500 dollars after repairs, should you get it fixed.
Which of the following groups are likely to have the highest tax elasticity of labor supply: a) college students, b) single parents, c) primary earners in two-parent families, d) secondary earners in two-parent families, or e) retired people with ave..
illustrate what is the change in Clean-Springs' profit-maximizing levels of output, price and profit. Explain in words and with graph.
The expected annual net savings in operating costs will be $25,000 during the first year and $40,000 during the second year. If your interest rate is 10%, what would be the equivalent net savings per machine-hour?
Suppose that a country has no public debt in year 1 but experiences a budget deficit of $40 billion in year 2, a budget surplus of $10 billion in year 3, and a budget deficit of $2 billion in year 4. What is the absolute size of its public debt in ye..
Suppose that the nonlinear price discriminating monopoly in panel a of figure 12.4 can set three prices, depending on the quantity a consumer purchases. Where Q is its quantity, p is its price, and A is its level of advertising. Its marginal cost of ..
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