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Four balls are independently projected onto one target, the probability of a hit for each is P1 = 0.1 , P2 = 0.2 , P3 = 0.3 , P4 = 0.4. What are the probabilities P04, P14, P24, P34, P44 that zero, one (1), two (2), three (3) and four (4) projectiles hit the target.
Can we comment that all places on the frontier where resources are not fully utilized are technically inefficient from the Pareto point of view?
Why is NOT a good idea for Federal Government to spend money, without paying for it in tax revenues and for the Federal Reserve to increase the money supply in the economy by creating and issuing more money?
The going aircraft corportation is manually producing a certain subassembly at a direct labor cost of $100,000 per year. Annual maintenance for the automated system will be $10,000, and its market (salvage) value will be $7000 at any time in the futu..
Sid is a rational consumer who has been neither saving nor borrowing (he spends exactly his current income). a. Draw a diagram showing Sid’s endowment and current optimal consumption this year and next. b. Show how Sid’s behavior will change if the i..
XBC Inc. is planning to buy a new car. Model A costs $22,000 and is expected to have a life of 4 years. Model B costs $35,000 but it is expected to last 6 years. Model B provides a better warranty and it will save the company an average of $1,000 per..
You decide today that given the current price level (i.e. cost of living) you would be willing to accept any job that pays at least $50, 000. You will not accept any o?er below this. Currently, the CPI is 238 (recall, the base year for the CPI is 198..
What is Coase Theorem (the theory of social cost)? How this theory relate to development?
where Io and Go are exogenous variables, and Y and C are endogenous variables, and a, b are constants.
Illustrate what would be the effect of poor weather on the consumer surplus, producer surplus, deadweight loss.
Which do you feel is a better approach, free or fair trade and why? Given concept of comparative advantage, should we even be discussing free versus fair trade?
What were the scores of the students who scored above the third quartile? Separate your answer with a comma and a space.
Describe key elements of technology-enabled customer relationship management and outline advantages that technology-enabled customer relationship management has over traditional seller-customer interactions.
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