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If the probability of either outcome A or outcome B arising during a single random process is 0.4 and we also know that the probability of outcome A is 0.2 while the probability of outcome B is 0.3, how are these two outcomes related?
Clear Water Company has a down-hole well auger that was purchased 3 years ago for $30,000. O&M costs are $13,000 per year. Alternative A is to the keep the existing auger. It has a current market value of $12,000 and it will have a $0 salvage value a..
Suppose a government is able to permanently reduce its budget deficit. Use the Solow growth model to graphically illustrate the impact of a permanent government deficit reduction on the steady-state capita-labor ratio and the steady-state level of ou..
Explain the characteristics this market structure and what happens to the Forey Inc's profit in the short-run and long-run.
You are given an undirected graph G = (V,E) with positive weights on the edges. The number of edges in G is |E| = |V| + k for some constant k. Design and analyze an efficient algorithm that finds an MST (minimum spanning tree) of G.
58% of mosquitos caught at random in any given field study carry malaria. If you conduct a study and capture 29 mosquitos, how many mosquitos.
If a price ceiling is not binding, then
What is the rationale for subsidizing some telecommunications services (such as Internet access) for some people and institutions? Discuss. How would Ramsey suggest that policymakers resolve the tension between universal service policies on the one h..
If a college football player is randomly? selected, find the probability that he weighs between 170 and 220 pounds.
A Japanese carmaker plans to expand its production in the United States. The company borrowed $170 million for this expansion at an interest rate of 8% per year. The loan will be repaid in equal payments at the end of each year over a 15-year period...
The Fed along with many other central banks in the world has adopted the policy of inflation targeting. Explain what is inflation targeting. What are the advantages and disadvantages of inflation targeting? What is the main difference between Inflati..
What is the difference between hedging and speculating? Give an example of speculating using commodity futures and speculating using financial futures.
Sally the Sleek’s preferences can be described by the utility function U(x,y) = x^2y^3/512. Prices are px = 2 and py = 6; she has an income of $80 to spend. How much should Sally consume of x and y in order to maximize utility, given her income?
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