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Explain how many industries have high wages without the use of unions...banking, finance, insurance, etc.
A firm uses capital to produce revenue. The marginal revenue from the first 5 units of capital is as follows: 1st unit has MR 2.30, 2nd unit has MR 1.9, 3rd unit has MR 1.70, 4th unit has MR 1.35, and 5th unit has MR 1.15. If the interest rate is 50%..
Student heights are normally distributed. The mean height of students is 68.5 inches and the standard deviation is 2.5. Calculate the probability that a randomly selected student is between 69.15 inches and 74.68 inches tall.
Assume that the senior managers of FedEx Express and FedEx Ground each have an investment opportunity that would require $20 million of additional operating assets and that would increase operating income by $4 million. If FedEx evaluates all of i..
How long will it take for Avataria with a growth rate of 6% to triple its income? What about Twilightia with a growth rate of 18%? Will it be correct to say that Twilightia will triple its income 3 times faster than Avataria? If no, then what is t..
The more bowed out the Lorenz curve, the
Which of the following would cause a shift in the supply curve for soda? The local cable TV company is trying to convince you to replace your current “economy” bundle that features just a handful of channels with the “premium” bundle that features ev..
In an indifference curve analysis, it is impossible for the quantity demanded of one of two goods to be equal to zero?
You are expected to consider the trends in volume/value, types og goods traded.
The "interest-only" mortgage typically converts later to a:
The equation for the demand curve for hotel rooms in Boston is given by P = 5000-0.48Qd. The supply curve is given by P = 0.02Qs. Prices are nightly rates in dollars.
Suppose a society consists of three cities (A, B , C. ) with populations of 99,000 , 51,000 , 6,000 people respectively. Suppose that the society has 15 doctors total. What cities will have how many doctors? If the number of doctors doubles to 30. Ho..
For each of the following situations, decide whether the bundle Lakshani is considering optimal or not. If it is not optimal, how could Lakshani improve her overall level of utility? That is, determine which good she should spend more on and which go..
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