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The total weekly revenue (in dollars) that a company obtains from selling goods x and y is: R = -(1/4)x2 - (3/8)y2 -(1/4)xy +300x + 240y and weekly cost of production is: C = 180x + 140y + 5000. Find x and y that maximize profit.
The scores of all applicants taking an aptitude test required by a law school follow a normal distribution with mean 420 and standard deviation 100. What is the probability that a randomly selected applicant will achieve a score of more than 450? Wha..
The country of Examplestan has 100,000,000 citizens. 50,000,000 are adults who are employed or are actively seeking work. 2 million have been laid off due to recession 1 million have quit their jobs to look for work in cities with better climates 1.5..
Hint: Use the rate function in excel, a financial calculator or an online calculator to solve this problem.
For the next five questions, consider a monopolist. Suppose the monopolist faces the following demand curve: P = 180 - 4Q. Marginal cost of production I is constant and equal to $20, and there are no fixed costs. What is the monopolist's profit maxim..
According to the Keynesian model, what are the two components of consumption spending? What factors determine how consumption changes when real disposable income changes? Explain.
If this is true, explain why does not just one state produce all of the orange juice for the U.S. market.
Hyperinflation: Although inflation is always and everywhere a monetary phenomenon, explain why the initial source of a hyperinflation is typically related to the fiscal policy.
Review Netflix most recent balance sheet, income statement, statement of stockholders' equity and statement of cash flows. Pay particular attention to sales and net income for the last two years. Comment on 2-3 items that you find remarkable on any o..
In addition, the vaccine increases the QALY weight in an average year from 0.99 to 1. Assume the value of a QALY is $100,000, and ignore discounting and consump
You owe $1000 on your credit card. The APR is 24%, compounded monthly. The credit card company indicates that your minimum payment is $22.44. If you make only the minimum mouthy payment, how long will it take for you to repay the $1000 balance (assum..
What is the present worth of the following cash flow stream? Assume 8% interest and an initial purchase price of $30,000 is included (4 pts)
Examine how this capitation medical reimbursement model has positively influenced the overall health care system.
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