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In 2017, the house of representatives financial services committee had 60 members, of which 9 were women. If 8 members are selected at random, find the probability that the group of 8 would be composed of 7 men and 1 women.
If a representative firm with total cost given by TC = 20 + 20q + 5q 2 operate in a competitive industry where the short-run market demand and supply curves are given by QD = 1,400 - 40P and QS = - 400 + 20P, its short-run profit-maximizing level of ..
What are the demand and supply curves for this economy? Calculate the equilbrium price and quantity and calculate surplus /shortage at price of $24.22 and $20? What would be the total revenue for the supplier at the equilbrium?
Which of the following is an example of monopoly?
Use the supply and demand analysis, discuss the impact of worker shortage, which is nowadays widely observed in many Chinese cities, on prices and consumers’ living costs. Try to consider the effect of worker shortage on firm production and consumer ..
The U.S. Bureau of Labor Statistics (BLS) collects unemployment and labor force participation data for a variety of groups of Americans (by age, gender, race, level of education, location, etc.). This data is available http://www.bls.gov. (You can fi..
If bond traders expect that an economy is sliding into recession, they ________ in anticipation of ________.
Next, explain how this theory explains all three empirical observations(Preferred Habitat Theory). Interest rates on bonds of different maturities move together over time.
An IT company called Zucchini has the following production function: y=16L^(1/4) K^(1/4). (A) Using the following two conditions for profit-maximizing in the long-run, show that the long-run demand functions for input labour is L=(4p/r)^(1/2) (4p/w)^..
From the late 1980s through 2007, inflation remained fairly tame--a period known as The Great Moderation. Mainstream economists argued that the problems of macroeconomic instability and stagflation had been solved. However, the Global Financial Crisi..
Set up the cash flows to calculate both financing's 'all-in' cost, both before and after taxes. Assume that all fees and expenses are tax deductible and are paid in Time 0, except where noted otherwise. By inspection, which offer looks more econo..
If LFC sells chicken and biscuits as a meal deal, illustrate what price would be set for the meal deal which includes both an order of chicken and an order of biscuits.
A surgeon practices at Community Hospital on the private patients he admits there. He does rounds every day after surgery and enters notes in his patients' charts (paper records kept at the nursing station). Who owns these medical records? Which of t..
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